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Policy Wording and Clause Management Software
Digitize the end-to-end policy lifecycle and enable seamless policy generation
Request Demo Download Brochure
Webinar: What Will Covid-19 Mean for Process Modernization in Insurance Today…And Tomorrow
Case Study: Digital Transformation of a Leading Life Insurance Company
Video: Automation of multiple insurance processes at Tokio Marine HCC
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Policy Wording and Clause Management Software
Digitize the end-to-end policy lifecycle and enable seamless policy generation
Request Demo Download Brochure
Webinar: What Will Covid-19 Mean for Process Modernization in Insurance Today…And Tomorrow
Case Study: Digital Transformation of a Leading Life Insurance Company
Video: Automation of multiple insurance processes at Tokio Marine HCC
Smart Policy Wording and Clause Management
Streamline the policy wording, binding, and generation process to minimize losses and penalties by deftly managing complex policies and clause updates. Enable back office and underwriting teams with self-service access to the wording library. Improve process efficiency with features such as template libraries, clause libraries, rule definition, and strong integration capabilities with core systems.
Comprehensive Clause Library
- Ability to update wordings, clauses, and definitions with complete version control
- Options to apply different rules, including show, hide, and replace, on wordings to handle multiple products and endorsements
- Easy search from central wordings and clause library
- Maker-checker workflows to review and approve modifications to the library
- End-to-end monitoring, control, and auditability of changes to wordings, definitions, and clauses
Dynamic Template Library
- In-built dynamic text editor for creating new templates
- Support for uploading existing templates into the system
- Ability to automatically add words associated with endorsement/product type in policies
- Low code approval workflows
- Central document template library for simplified production of customers’ documents while following corporate guidelines
Seamless Policy Creation
- Detailed view of the rules applied at the time of policy generation
- Rule-based policy/wording/clause editing by designated users
- Seamless integration with the core policy administration system for fetching the client/coverage/endorsement details, selecting the corresponding template, and applying the relevant wording rules based on the selected coverages
- Support for API and batch-based integration to get the metadata required for policy generation
SOLUTIONS FOR INSURANCE FIRMS
Accelerated digital transformation of processes
Watch how Venerable leveraged Inviqa’s platform to accelerate digital transformation for enterprise-wide processes.
Digital Health
in the Pandemic World
Hear Alok Rungta, Head of Health and Protection, AXA Insurance, as he speaks on the post-pandemic customer behavior
Accelerated digital transformation of processes
Learn how Tokio Marine HCC modernized their policy generation process with Inviqa.