BPA – is more than your average policy administration platform. By deploying BPA, insurers and MGAs gain simplicity and efficiency, as well as the ability to quickly and smoothly launch new products and adapt to new requirements as their businesses grow.
What Beyond Policy Administration delivers – in detail.
BPA systems provide comprehensive support for the entire policy lifecycle, from quoting and issuance through renewals and cancellations, binder management, while accommodating out-of-sequence endorsements to ensure accurate policy servicing and maintain historical integrity.
BPA systems orchestrate comprehensive underwriting workflows, automating risk assessment, decision-making and approval processes from initial application through policy issuance and post-bind transactions. Dynamic OFAC check can be integrated at different points in the workflow.
BPA platforms offer robust task management capabilities, including automated and manual task creation, allocation to individuals or groups, SLA tracking and escalation, and flexible workflow design to support diverse business processes and operational efficiency.
BPA offers intuitive, drag-and-drop tools for rapidly building user-friendly portals tailored to underwriters, brokers, and insureds, enabling easy customization of look-and-feel, user journeys, and functionalities.
Ensuring scalability, seamless integration, and comprehensive business insights
Utilizes cloud container technology for scalable and efficient deployment.
Designed with an API-first approach, BPA ensures seamless integration with various systems.
Supports a flexible and modular microservices architecture for enhanced scalability and maintenance.
Accommodates multiple tenants with data isolation and efficient resource usage.
Ensures data security with encryption at rest and in motion, adhering to the strictest compliance standards.
The insurer transitioned from a regional operator to a scalable national carrier with:
