STEP Solutions Policy Administration System automates all policy related transactions beginning with the initial collection of information and continuing through the life of the insurance contract. STEP Solutions is a straight-thru Enterprise Processing Engine that enables fast, efficient and flexible solutions for New Business, Policy Administration, Agency and Claims management.
The System provides support for multiple Company processing and reporting and provides a comprehensive solution for insurance Companies that write Life, Health and Annuity Insurance. STEP Solutions is the most flexible insurance policy administration system on the market. It offers flexible product definitions which support emerging hybrid products, such as the Long Term Care Combo Product.
STEP Solutions Policy Administration component is a powerful, real-time software solution for life and health insurance business. It is a configurable, rules-driven policy administration system that gives the insurers business agility and flexibility. From policy issue through premium billing through day-to-day customer service activities, STEP Solutions provides for all policy maintenance activities.