Home » Product Suite » Policy Admin

The Most Important System Choice You Will Make

Policy Administration is the heart of every system.

Why Choose SurePower Innovation Policy Administration?

We have entered an era where information for insurance operations must be "everywhere" within your company, and selectively and securely accessed by partners and customers outside the company. SurePower Innovation's rules and workflow capabilities enable you to profit from this change of policy admin being only the creation and maintenance of a policy of record to policy admin ideally being a process of transforming all information captured by your company into actionable, potential opportunities.

Fewer "Touches," Lower Costs

For example, with an optimized system, such as SurePower Innovation, an underwriter can act on an alert triggered by a piece of information created in Billing and also have outside data that he or she needs, such as the insurance score, RiskMeter, MVR, etc. at his or her fingertips. The decision can be immediate. There's no pend, request, pend request time lags. When integrated with SurePower Innovation's workflows and rules the result is very fast response to the agent or customer—accomplished with high efficiency.

Sometimes no "Touch" is Needed

SurePower Innovation can run rules on the incoming data and apply them, for example, automatically pulling a C.L.U.E. report and applying your company's experience rating rules to immediately calculate a premium based on the history of losses.

Full Information, Better Results

SurePower Innovation gives you 360-degree, real-time views of all information you have for a customer, no matter what part of insurance operations it originates. Access is securely controlled through roles-based authority. An agent sees only what you want him or her to see. An underwriter, of course, has access to much more information.

But it is the same system, no translation, no data conversions between two systems. SurePower delivers all three views from the same system:

• Company Views
• Consumer Views
• Agent/Other Third-party Views

Multiple Lines, Same System, Better Information

Collecting information across different systems for Commercial, Personal, and Specialty lines can be an exercise in frustration to produce meaningful, consolidated reports, let alone providing a quick turnaround. SurePower Innovation runs all lines of business on the same system using a common data model. This

• increases consistency and control across the system
• reduces training costs, easy to cross-train employees, and
• enables the unique rules and workflows developed, for example, for a personal product to be used as building blocks in a commercial or specialty product.

Your System Must Align Policy Admin with Your Customer

Your customers: whether producers or insureds are becoming less and less tolerant of multiple requests for information or other redundant business processes. Pre-integrated SurePower Innovation ensures there is no redundancy. SurePower Innovation can automate superb customer service through its advanced rules and workflows.

Integration with Third-Party Data Providers

Please see our Partners page for a partial list of vendors we work with.

Rating as an example:

SurePower Innovation has its own rating engine or a third-party's may be used. For example ISCS is a preferred ISO partner, certified to integrate the ISO Rating Service into SurePower Innovation implementations or you may prefer to run the ISO content through our rating engine.

ISCS has worked with ISO to offer integration with ISO Rating Service® for ISO's loss costs, rules, and policy-forms information. SurePower Innovation's configuration capabilities enable you to modify ISO or other third party information for flexible optimizing of your underwriting automation.

Rating providers providers such as AAIS, NetRate, and others are also available. SurePower Innovation enables you to create your own forms and make changes to acquired data.