Product/Service

POS 5

Source: Adept Technologies, Inc.
POS 5 (Point of Sale 5) is an independent processing system that will interact with central insurance processing systems.
POS 5 (Point of Sale 5) is an independent processing system that will interact with central insurance processing systems. Your business logic will determine what types of transactions are to be contained in POS 5. The intuitive user interface of POS 5 makes it suitable for use by your customers or the members of your distribution network. More importantly, it enables the transaction to be accurately completed at the point of sale.

Cross Policy Type Features

  • CIF, Policy, Claims, and Billing transactions eligible
  • Distribution channels supported: broker, agent, group administrators, self serve, MGA
  • Intuitive workflow
  • Scripted workflow designed for each transaction
  • For each insurance transaction, you can choose one of the following:
      °Total automation: entry at point of sale through to completion without further intervention
      °Assisted automation: entry at point of sale, review by company staff, then through to completion
      °Expedited: transactions outside this suite are handled via notes which arrive as an item on company staff's work queue

  • Online assists for rapid entry of data
  • Online validation of data
  • Views of data appropriate to user
  • Variable access based on user ID tables
  • Full audit and access control
  • Suite of management reports
  • Choices in user interface: GUI, Web, Character with mouse
  • Choices of deployment: Client/Server, Internet, Intranet, Host Based
  • Automated EDI back to broker system (if pertinent)
  • Print image back to point of sale (if required)
  • Easily integrated with Call Centers
  • Can be integrated with other I.C.E. 5 modules, or interfaced to third party systems
  • Combined policies
  • Onset/offset premium calculations
  • Regulatory reporting
  • Multiple company support
  • Supports a variety of policy terms including odd term and continuous policies

    Commercial Property/Casualty

  • Property, Liability, Excess Liability and Umbrella,
  • Inland Marine, Crime, Boiler supported
    Special risk, and Composite and Package policy types supported
  • Appropriate workflows from initial proposal to quote to policy
  • Authority based workflows to optimize staff efficiency
  • Work management to address engineering/inspection and field work
  • Worksheets to build net retentions and interaction with Line guide tables
  • Single location, scheduled locations, key risk and blanket support
  • Multiple buildings per location
  • Assists for rapid data capture
    Mapping of exposure at initial and subsequent policy activities
  • Can use mapping data to verify and assist quotations/declinations
  • Worksheets to build rates per location, rates can in turn be used by rating engine
  • Audit/Adjustment clause specially handled
  • Scheduled items
  • Related services and non-insurance products - Loss control, loyalty points
  • All forms of limit, deductible and bases of rating
  • Composite of package products
  • Supports automatic derivation or manual selection of form
  • Supports manuscript wordings
  • Prospecting, Presentation/Proposal Register, multiple versions with copy assist, status as appropriate,
  • Management reports, Summarized data, data captured in proposal saved for policy without re-entry

    Commercial Automobile

  • Single vehicle, scheduled vehicles, blanket fleet, non-owned, drivers, garage auto, dealers supported
  • Appropriate workflows from initial proposal to quote to policy
  • Authority based workflows to optimize staff efficiency
  • Work management to address engineering/inspection and field work
  • Assists for rapid data capture
  • Worksheets to build ratings factors
  • Audit/Adjustment clause specially handled
  • Related services and non-insurance products - Loss control, loyalty points
  • All forms of limit, deductible and bases of rating
  • Scheduled items
  • Prospecting, Presentation/Proposal Register, multiple versions with copy assist, status as appropriate, Management reports, Summarized data, data captured in proposal saved for policy without re-entry

    Personal Lines

  • All forms of Personal insurance, Automobile, motorcycles, and Recreational Vehicles, homeowners, Tenants/Condominiums, Seasonal Dwellings, Comprehensive Personal, Liability, Home Based Businesses, Hobby Farms, Personal Accident, Cabin Trailers, Motor Homes, Boats, Personal Property Floaters, Builders Risks, Personal Umbrella
  • Package or Composite Dwelling products
  • Variable workflows according to business rules
  • Underwriting on a per policy or exception only basis
  • Automatic renewals or offers to renew, or exception reviews of renewals
  • Supports scoring
  • Mass marketing support
  • Mass action supported (e.g., change of deductible or limit for a subset of business, re-rating of a subset of business, inflation protection guard support)

    Adept Technologies, Inc., 2020 Brice Road, Suite 220, Reynoldsburg, OH 43068. Tel: 614-864-9680; Fax: 614-864-9687.