Stingray Systems

The Policy Processor- Life Policy Administration System

Available from Ebix, Inc.

The Policy Processor™ is the industry's most advanced and comprehensive new business processing and underwriting system for life insurance. TPP accommodates all life insurance products, across all distribution channels. The application is integrated with a heterogeneous mix of on-house and third party systems. The information is collected from both the end-customer and agent through web-based e-forms, as well as from external data sources for background checks. Provides a means of straight through processing of underwriting information for medically underwritten as well as jet underwritten cases.
Key Features:
• Electronic front-end for capturing application data
• Case Mgmt dashboard
• Agent licensing and appointment verification
• Electronic ordering and receipt of requirements
• Integration with imaging technology for doc management
• Workflow management and configuration
• Cash management and reconciliation
• Established and integrated network of third-party data and service providers, including:
MIB,APS,MVR
o Outsourced underwriters,Lab/Parameds
o Tele-underwriters/Outsourced inspection
• Underwriting dashboard
• Re-insurance routing and monitoring
• Dynamic and configurable communication modules including emails and doc correspondence
• Table-driven management of underwriting and administrative requirements
• Automatic determination and population of state form requirements
• Support for ACORD XMLife
• Wizard-based administrative interface to configure new products

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