Portellus Debuts Agent Portal and Decision Management Solution for Insurance
Turnkey web portal arms agents with powerful decisioning and revenue generation tools
LAS VEGAS, NV, May. 22, 2006 - Portellus Inc., a leading provider of technology solutions and services for the financial services industry, today announced the introduction of its Agent Portal and Decision Management solution for the insurance industry at the 2006 Acord Loma Insurance Systems Forum in Las Vegas, Nevada. The Web portal helps agents to sell smarter by providing CRM, policy management and decision management tools at the point-of-sale. Together, the functionality enables agents to better service customers, increase closing ratios and reduce policy fall-out.
Portellus' Agent Portal extends various decisioning functionality to the Web using its Enterprise Rules Management (ERM) system, which house carriers' unique business rules and underwriting guidelines. While on the phone with a prospective policy holder, agents can enter key data points and submit it to the ERM system to instantly return rating, eligibility and automated underwriting approvals, facilitating fast and accurate policy decisions. The site also delivers event triggers on up-sell and cross-sell opportunities and allows agents to manage renewals, policy changes, billing, claims reporting and more.
"Our ERM system gives insurance carriers the ability to quickly centralize the creation, administration and management of their entire product line, and to then extend back-office guidelines and rating criteria to our Agent Portal for their agent community," said John Le, CEO of Portellus. "When used together, a robust decision management solution is created that significantly reduces operational costs for carriers, and provides their agents with powerful point-of-sale tools that help them respond to customers with speed and precision."
Portellus' Agent Portal provides out-of-the-box functionality and is customizable to a carrier's specific business needs. Key functionality includes:
- Delivers accurate rating and eligibility in seconds
- Sophisticated automated underwriting and conditions management
- Automatically notifies agents/brokers of up-sell and cross-sell opportunities
- Policy management tools for binding, renewals, policy changes, claims reporting and billing
- Flexible user interfaces can be tailored for different users
- Displays agent pipelines, grouping and reporting
- Integrates with policy administration systems & 3rd party service providers
Portellus will be offering demonstrations of its Agent Portal and ERM solution at the Acord Loma Insurance Forum in Las Vegas at the Mandalay Bay, May 22 - 24, 2006, booth 655.
About Portellus
Headquartered in Irvine, Calif., Portellus Inc. is a leading provider of next-generation technology solutions for the financial services and insurance industries. The company's Decision Management, Enterprise Rules Management (ERM), Loan Origination and Portal solutions utilize a service-oriented approach to deliver loosely coupled applications and flexible solutions, enabling clients to gain competitive advantages, reduce costs, mitigate risk, increase profitability, comply with regulatory requirements and swiftly enter new markets. For more information, visit www.portellus.com or call 949-250-9600.
- CONTACT:
- Joe Bowerbank
- Portellus, Inc.
- 949.250.9600, ext. 250
- jbowerbank@portellus.com
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