As a life carrier, policy administration is at the center of your business. You want to move to modern Service-Oriented Architecture for your systems landscape to mitigate risk and take advantage of web-enabled capabilities. Yet, the time and project cost are more than you want to take on. Why not take advantage of a highly-scalable, tested solution that provides web-capabilities at a price that fits you. Vector Policy Administration offers a hosted solution for policy administration that allows carriers to take advantage of modern technology with a unique implementation and delivery model. For a strategic platform, you should be able to get both modern architecture and small company price points and Vector can deliver.
Vector Policy Administration provides a comprehensive solution for administering all types of life and annuity products, from new business through claims processing. The remarkably-stable, browser-based system also boasts 25+ installs and more than 10 million policies under administration of all product types. Vector offers an industry-leading combination of reliability and value deployed as a hosted solution.
Implementing Vector requires no additional hardware or IT staff. Front office and back office functions are accessible anytime/anywhere, and a hosted environment eliminates the burden of system maintenance and security. Designed for usability, the system streamlines tasks from data entry through management reporting. Plus, it can simplify your entire operating environment by consolidating redundant systems into one Vector platform using our unique consolidation layer.
From day one, you'll recognize the value of Vector.
Key Function Areas:
- New Business
- Commissions
- Free-Look
- Accounting
- Financial Reporting
- Policy Maintenance
- Billing & Payments
- Premium Calculation
- Non-forfeiture
- Statements
- Agent Support
- Agency Reporting
- Fund Administration
- Valuation
- Compliance
