Policy ADMINISTRATION System

With its scalable system and secure infrastructure, our leading processing system IPX Enterprise Insurance Suite provides the business agility you need to enhance operations and lower costs.

Policy Life-Cycle Administration

IPX provides full policy life-cycle support, efficient installation capabilities, and a base system complete with policy administration, billing and underwriting, end to end claims processing, and a rich web user interface.

The Seibels Policy Life-Cycle Administration component provides extensive processing power. Capabilities include:

  • Rate/quote/bind issue
  • Applications
  • Point-of-sale capabilities
  • Complete policy history
  • Endorsements
  • Cancellations
  • Automatic underwriting
  • Agent portal options
  • Business rules engine
  • Automatic renewals

Billing

The Billing System provides flexible billing plans and receivable management functions integrated with policy, claims, and general ledger systems. Capabilities include:

  • Third party notification
  • Cancellations and reinstatement notices based upon carrier preference and state requirements
  • User-friendly online inquiry capabilities
  • XML interface for outputs
  • Integrated lockbox, EFT, and credit card payments
  • Receivables management system with automated interfaces
  • Extended system for agency base insurance companies
  • Agency commission processing, reporting, settlement, and collections

Claims Management

The Seibels Claims Module helps companies automate best practices and create workflows ensuring that adjusters consistently follow proven practices. The module allows for complete tracking, review, and reporting of reserves, payments, expenses, salvage, and subrogation activities. Capabilities include:

  • FNOL Wizard for loss triage
  • Supports financial transaction
  • Paperless/electronic claim file
  • Statistical reserves by loss type and LOB
  • 1099 tracking
  • Catastrophe tracking
  • Document management and imaging
  • Statutory reporting
  • Rules-based adjuster assignments
  • Adjuster/diary notes

Why IPX?

  • Intuitive ease of use
  • Enhances operations
  • Allows responsiveness to new market entry and product expansion
  • Lowers costs
  • Backed by deep experience
  • Promotes efficient workflows
  • Safe and Secure
  • Ease of integration, modification, and competitive differentiation
  • Scalable platform
  • Full policy life-cycle support
  • Efficient installation capabilities
  • Highly available virtual infrastructure
  • Full replication to backup data center
  • 24/7/365 monitoring

For more information about IPX, please contact us.