PolicyHandler is a web-based, Workers’ Compensation Policy Management System designed to support all phases of the policy lifecycle: application processing, issuance, commissions, billing, audits, cancellations and reinstatements.
Our system provides a customizable rating engine supporting jurisdictional algorithms and offers importation of rate tables for yearly rate changes.
PolicyHandler can produce multiple quotes per application based on different workers' compensation plans. Logical functionality streamlines the quote-to-issuance workflow, results in increased production and shorter turn-around time frames. Step-by-step interface captures data related to the quote with the system storing multiple versions of submissions for copying of data. Policies requiring review may be automatically routed to underwriting staff to verify eligibility and requirements for analysis of premium and loss history.
The integrated billing module offers both direct and agency billing. Users may define the down payment amounts along with the specific number of premium payments required with the billing schedule tool.
An automated auditing assignment module allows clients to assign audits to third parties via e-mail. Auditors may login to the system via the internet and review the requested policy, but also manage their existing workload of audits previously assigned.
Business Rules Engine automates the renewal process for user-defined workflows and routing rules for policies.