Policy administration
A contract goes from quote to expiry in one system. Every change is saved as a separate version with an additional premium or a refund, and the policy number, dates and statuses are controlled by the system itself, not by an operator’s spreadsheet.
Plan All plans.
What is inside
- Quotes with several price options, a validity period and automatic closing of expired ones
- Policy issuance with a number from the sequence generator and a retry to complete a failed issuance
- Eleven types of changes: policyholder, drivers, insured object, beneficiary, sum insured, coverages, term, territory, contacts, account and a custom type
- A snapshot version of the contract for every change with an additional premium or a refund
- Renewal with premium recalculation and bonus-malus carry-over
- Cancellation with no refund, a full, pro rata or net-of-expenses refund, taking the country’s cooling-off period into account
- Group contracts: adding and removing insured persons with premium recalculation
- Coinsurance: participant shares and allocation of amounts
- Policy authenticity check by QR code without signing in
- Contract expiry in the insurer’s time zone
Connections
- ESBD (Kazakhstan)
- NSIS (Russia)
- EAIS (Uzbekistan)
Conditions
Contract registration in the country’s state database is connected under the insurer’s contract with the database operator: the account credentials and the address belong to the insurer.
These parts of the module are on the product roadmap. We confirm timing and scope during implementation.
- Automatic renewal with a charge to the saved card
- Strict reporting forms
Frequently asked questions
What happens when a contract is changed?
The system saves a snapshot version of the contract, recalculates the premium and creates an additional premium or a refund. Earlier versions stay in the history, and for any date you can see which terms applied.
How is the refund calculated on cancellation?
By the product rule: no refund, a full refund, pro rata to the unexpired term or net of expenses. The country’s cooling-off period is taken into account, and the agent commission is reversed.
Are group contracts supported?
Yes. Insured persons are added to and removed from a group contract as a list, and the premium is recalculated automatically.
Use cases with this feature
Other features
Shall we show the system on your products?
We will build your product in the builder, take a policy from quote to claim and estimate the implementation cost for your lines of business and countries.