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PolicyMaster®
A performance space for the insurance industry.
PolicyMaster® supports the insurance industry by
allowing personnel in the risk management business to perform high level functions in a secure
web-based environment. Policymaster automates basic portions of the policy review function
so that insurance professionals can focus on the critical portions of that process.
PolicyMaster® improves client retention by introducing a system of
checks and balances to the policy checking process, incorporating industry best practices into an
efficient web-based electronic process and reducing time-delays in policy delivery.
It provides historical tracking of policies and expert systems that provide for knowledge
sharing and automated analysis. It also tracks and measures the effectiveness of key
renewal cycle activities such as policy checking and endorsement tracking and provides for
effective and well-managed client/carrier communication.
PolicyMaster® merges the insurance industry's best practices and standards with highly
automated process controls, and makes them available in a secure, web-based work environment.
This combination empowers insurance brokers, anywhere on the globe, any time day or night,
to ensure their clients get the exact coverage they require with:
- Documented policy contract certainty
- Total transaction transparency of policy placements
- Significantly improved cycle time to documented proof of client coverage
PolicyMaster® delivers high value to the insurance industry by enabling brokerage
professionals to use automated processes to compare the individual terms and conditions
of coverage on underwriters' proposals against clients' coverage specifications and checklists
of best industry standards and practices throughout the placement and renewal cycle.
Insurance brokers can now organize all clients' insurance policies, supporting records and
correspondence in our Knowledge Kiosk® which uses our patented methods and can be found
only through our companies. The Knowledge Kiosk permits brokers to access and perform integrated
policy review applications that support collaborative work to manage their clients' entire
policy renewal process.
PolicyMaster® expert systems automate:
- Analysis of basic ISO, Accord, and Carrier Specific forms, bringing consistency and speed to the work of analyzing and reviewing proposals and policies
- Real time collaborative work efforts and knowledge sharing among insurance professionals
- Measurement of accuracy and effectiveness of key placement & renewal cycle activities with up to the minute audit trails
- Message alerts to brokerage professionals and management when renewal processes are lagging or key tasks have not been completed
PolicyMaster® helps Brokers achieve client satisfaction and results through many benefits that:
- Improve and sustain client retention
- Provide a differentiated sales tool to win new clients
- Reduce E&O claims and expenses and lower policy renewal and checking costs
- Integrate the ability to provide clients, carriers and regulators with audited performance reports on contract certainty and placement transparency at the policy level
- Create improved implementation, tracking and ensure “best practices”
- Increase employee productivity and accountability with auto-mentored training
- Provide a valuable source of data to measure, analyze and track carrier performance, by line of coverage, on wording and T&Cs for proposals, policies, endorsements and claims handling
PolicyMaster® enables the telecommunication and electronic transmission
of the policy review function from any where in the globe, any time of day through our Knowledge
Kiosk®. This collaborative setting ensures that once the data collection and entry of electronic
records has been completed and they have been electronically imaged and stored, they also can be
retrieved through this web-based secure location – the most highly functional tool for your policy
renewal cycle.
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