Policy Administration

IBSuite provides you with a full policy lifecycle support and helps you significantly reduce time spent on mid-term adjustments, renewals, financial views, customer data updates, and applying coverage changes.

Policy Management and Policy Lifecycle

In IBSuite every policy is versioned, and caseworkers can work on the same policy simultaneously while the platform ensures full data integrity. Changes are automatically logged, providing a historical record of changes and logs on who made them. Users can also add notes to individual policies to facilitate a full customer policy overview. Finally, premiums, fees, and charges are calculated with the same calculation engine, using exactly the same validations, constraints and other product-specific components.