Policy STAR®

Benefits:

• Puts configuration in the user's hands
  
• Allows an insurer to respond rapidly to market changes
  
• Provides one system to implement, learn, and maintain for multiple lines of business

Highlights:

• Highly portable and scalable
• Browser based
  
• Updated in real time

About Policy STAR®:

This property-casualty policy administration system helps you tackle existing challenges, while letting you grow into the world of e-commerce. Policy STAR® is a complete policy administration solution that provides efficiency in daily tasks. Your company can benefit from the system's ability to provide:

• Reduced time to market for new insurance products. Policy STAR's data-driven components reduce the time, effort, and cost of launching new insurance products. These components rely on data you enter in tables rather than on program code, so changing data is far faster and less expensive.
  
• Efficient policy administration. With Policy STAR®, users have online, real-time capabilities for all quote and policy processing functions, including out-of-sequence amendments. Online, real-time features provide an advantage in processing business effectively and efficiently.

Policy STAR's policy tree makes it easy to see the structure of a policy. In the policy tree you can drill down into specific policy entities, like drivers and vehicles for auto policies.
The policy tree also lets you quickly launch transactions either for the policy or for a specific part of the policy. For example, you can add a driver to an auto policy from the policy tree by going directly to the driver information screen.

• Enhanced client relationship management. Policy STAR® is integrated with Client Core™, a client relationship system, so customer information is immediately accessible. In addition to name and address information, Client Core™ shows other relationship information, like claims and billing account information.
  
• Reduced training costs. Policy STAR® is one system that handles multiple lines of business. This reduces training costs because users only need training once.
  
• Flexible packaging. Your company will be able to package commercial or personal lines in any combination, so Policy STAR® provides more options and better service.