The FIS Insurance Policy Administration Suite is a comprehensive core insurance policy administration system designed to support the full spectrum of traditional life, whole life, and variable interest-sensitive policy administration on a global scale. This robust solution enables insurance businesses to manage multiple lines of business through a single, unified platform, consolidating individual life, health, and annuity products. Its core capabilities are engineered to significantly improve the speed at which competitive products can be brought to market, all while maintaining a consistent and accurate single customer record. By leveraging integrated business process management and workflow tools, organizations can achieve substantial operational efficiencies, minimize reliance on manual processes, and effectively validate and monitor critical business decisions, streamlining the entire insurance lifecycle from policy issuance to claims.

Features & Benefits

• Comprehensive Policy Management
  • Manages multiple lines of business, including individual life, health, and annuity products, through a single core insurance policy administration system.
• Enhanced Speed to Market
  • Accelerates the introduction of competitive insurance products to the market.
• High Configurability and Flexibility
  • Utilizes a highly configurable, rules-based solution to efficiently manage diverse lines of business and quickly construct virtually any type of product.
• Seamless Automation and Integration
  • Automates processes and integrates seamlessly with other FIS insurance solutions for end-to-end straight-through processing.