Policy Processing System
Source: Fiserv SIS (Specialty Insurance Service)
The All Lines Processing System (ALPS) module provides the ability to issue and administer insurance policies for any property and casualty line of business
All-Lines Processing System
The All-Lines Processing System (ALPS) provides the ability to issue and administer insurance policies for most property and casualty lineS of business. ALPS gives online access to all current and historical policy information.
The key features of ALPS include:
.Access to all quotations, policies, billing transactions, and claims for an insured via a unique client identification number
.One step transfer of quotation to new business policy
.Options to issue/activate, issue/cancel, or decline a new business policy .Automatic endorsement form assignment by coverage, use, and selected
field values
.Single entry for fully automated backdated (out-of-sequence) endorsement .Endorsements to a cancelled policy with or without reinstatement .Mini-cycle to process a policy transaction and generate output documents
immediately
.Re-creation of point-in-time information to reprint documents .Automatic policy level assignment of coverage to all units .One step rewrite process to transfer policy data .Endorse into a prior term
.Renewal by policy type and agent (automatic, renewal offer, renewal quote, manual)
.Optional connectivity for ISO VIN validation
General features include:
.Short-terrn or odd-terrn policy processing
.Equity-date and due date policy cancellation
.Automated interface for order and return of MVRs .CLUE reporting
.Automated notification of coverage subject to facultative reinsurance .Extensive search capability including additional insured
Standard reports and documents include: .Cycle transaction reports
.Cancellation, reinstatement, lapse, and expiration notices .SR22s and SR26s
.Underwriting letters and analysis report .Annual anniversary report .Demographic reports
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