Insurance Industry Solutions
Eligibility, Rating & Automated Underwriting
Portellus empowers insurance companies with the ability to execute immediate eligibility verification, rating and underwriting approvals. Using Portellus' powerful its Business Rules Management System (BRMS), eligibility, rating and back office underwriting guidelines can be automated and stored in a centralized rules repository. And, because our rules platform is flexible and highly scalable, key information can be extended to the point-of-sale for your agents to help them sell more effectively. Leveraging Portellus' solution on both the front and back end helps provide carriers with the competitive edge required for sustainability in today's cut-throat marketplace.
Eligibility
The Portellus solution can be configured to manage your entire line of products and respective qualification criteria to create an eligibility engine that facilitates a highly efficient and accurate verification process. Within seconds, your agents are able to accurately determine eligibility, maximizing your agents' closing ratios while increasing customer satisfaction and retention.
Rating
Rating and pricing can be automated by leveraging Portellus' BRMS as your rating engine solution, substantially increasing your quoting accuracy and profitability. Your agents can access the rating tool via the web or an existing legacy interface, eliminating complex rating sheets or prolonged quoting processes.
Underwriting
The underwriting process offers substantial challenges relative to consistency, accuracy and profitability. By automating this process using a leading AUS, your organization maximizes efficiency, retains integrity and achieves a more consistent underwriting process. Plus, automation decreases leakage by configuring your system to execute more profitable decisions. Further, our platform can be configured to underwrite only the policies suited for automation, allowing your personnel to focus on exceptions.
Claims
Mitigate leakages, reduce instances of fraud, adhere to regulatory guidelines, automate workflows and increase efficiencies with the Portellus approach. Your adjustors can rely on our BRMS to manage and automate best practices and follow an established set of workflows to ensure integrity and efficiency. With a process defined by best practice guidelines, your organization can settle more claims in less time, minimize leakage, detect possible cases of fraud and satisfy regulatory guidelines.
Compliance
With increasing regulation and ever-changing market conditions, focusing on your business while managing integrity and compliance is difficult. Portellus BRMS also governs and automatically executes compliant transactions across your enterprise. When configured with the appropriate logic and guidelines, our platform ensures that your transactions are executed using best practices and compliance standards.
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