Insurance Management Software - Unleash Full Potential

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Insurance Management Software - Unleash Full
Potential
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Table of Contents
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• Insurance Management Software - Introduction

• Processes Insurance Software Manages

• Policy Management
• Claims Management
• Lead Management
• Underwriting

• Sum Up

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Insurance Management Software - Introduction

• Insurance Software is a combination of tools and
  applications helping insurance providers to
  manage their routine processes effectively. The
  set programs in the software automate the tasks
  and make the workflow efficient.

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Policy Management
Claims Management
Processes Insurance Software Manages

• Lead
• Management

Underwriting
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Policy Management

• The insurance management system creates, monitor
  and manages different policies for various
  clients under one database.
• It allows insurers to access policy details
  easily.

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Claims Management

• The insurers can track the claims application and
  check the progress in the process.
• It provides customers with control to raise
  claims request via the self-service portal.

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Lead Management

• The system helps the sales team to organize and
  manage leads effectively.
• It helps to rank leads based on the information
  fed by the customers and identify likely
  convertible leads.

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Underwriting

• Using insurance management software, the insurers
  can customize underwriting calculating the risk
  associated with each profile.
• With fed pre-set rules in the database regarding
  coverage, it allows the insurers to calculate the
  premium amount.

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Sum Up
The introduction of Insurance Software in the
insurance landscape is the greatest boon. It has
automated the insurance functions making things
convenient for the insurance agents, brokers,
carriers and agencies.
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