Insurance&Tech_TLB_12.12.19

STEP Solutions

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1 N Wacker Dr Suite #4000
Chicago, IL 60606
About STEP Solutions
  • Automated Insurance Underwriting Platform Solutions

    STEP Solutions delivers state-of-the-art new business acquisition, policy administration and claims processing solutions. Our software as a service (SaaS) transforms life, accident and health insurance businesses by controlling expenses, accelerating revenue growth, managing risk and creating flexibly in workflow that eliminates inefficient workarounds.

    Did you know STEP Solutions automated underwriting platform can reduce underwriting cycle time from 26 days down to a single day? Our rule-based risk assessment enables smarter and faster underwriting decisions. The STEP automated process improves overall underwriting cycle efficiency by lowering underwriting overhead, reducing costly errors and reducing or eliminated manual efforts.

    Specialties
    Insurance, software, automated underwriting, Life, LTC, LAH, straight-through processing (STP), java, SaaS, web, portal
Competitors of STEP Solutions
  • INFORM Applications Inc.

    INFORM has been servicing clients for 30 years as an SaaS / ASP solution provider. We provide top quality data consolidation services to online reporting and online data maintenance services to our clients in both prepackaged and custom systems. INFORM specializes in meeting client specific... Read More
  • Sapiens

    Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital insurance software platforms, solutions and services for the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers’ compensation and... Read More
  • BriteCore

    BriteCore began in 2009 when a group of six mutuals partnered together to build the world’s most advanced property casualty administration system for insurance providers. Since the initial launch in 2010, BriteCore has rapidly evolved into an enterprise level solution for various types and size... Read More
Products by STEP Solutions
  • Automated Underwriting

    STEP Solutions creates an automated, streamlined underwriting process. It incorporates rule-based risk assessment that enables smarter and faster underwriting decisions. STEP's automated process is designed to improve overall underwriting cycle efficiency by lowering underwriting overhead,... Read more
  • Policy Administration System

    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... Read more
  • Claims

    The STEP Solutions Claim System has a flexible, rules based technology platform that fully automates claims and case management. This automation verifies a policy’s in- force status, verifies a claimant’s eligibility for benefits, calculates benefit amounts and generates documentation related to... Read more
News about STEP Solutions
  • STEP Solutions Group Launches New Website Posted