Rate Bind Isssue & More

Previously, 'Rate, Bind, and Issue' Sufficed. Not Anymore.

Issues with underwriting are consistently displayed in red at the top.

InsurSys acts as an underwriting assistant, not a substitute. Should a file exhibit issues, these concerns are prominently displayed at the top, ensuring they capture attention. We empower underwriters with vital information, presented in a way that's unmistakable, without hindering their decision-making.

Visualize your regional exposures instantly on the map, no third-party service needed.

Need to avoid writing $2 million within a 5-mile radius of a risk without securing facultative reinsurance? While most systems leave it to guesswork, InsurSys not only tracks and displays it on the map but also sends reminders upon binding the coverage.

While many systems promise time-saving, we prove it.

Every underwriting file comes with a running clock. We meticulously track the time spent on each file, broker, state, or line of business. Even the number of clicks required to generate that file is counted.

You are supposed to be checking every file for terrorists, criminals, and other wrongdoers.

While hardly anyone takes this step, our integrated workflow allows for it in just about 15 seconds. We then record each check. So, should an audit arise, you have tangible proof of your consistent vigilance.

 Need to issue a policy that's not quite right? Don't let the system get in your way.

InsurSys provides the flexibility to issue any policy. While bypassing rules requires a checkbox, we understand that sometimes exceptions are necessary. It's counterproductive to have a system that hinders commercial operations due to minor discrepancies."

Comprehensive history of all statuses.

Track actions with precision. Beyond monitoring the history of every policy and endorsement, we document every keystroke and button press, ensuring full transparency of operations.

All tasks related to a file are consolidated on a single page dedicated solely to that file.

From underwriting and policy issuance to basic claims management and premium tracking, InsurSys has it all covered.

Self-service capabilities for brokers.

Beyond registering, submitting licenses, and providing insurance and tax details, brokers can also issue certificates of insurance, monitor submission statuses, and access both policy specimens and issued policy documents.

Centralized, policy based  email hub.

Say goodbye to toggling between Outlook, searching for files on your PC, and navigating your management system just to compose an email. With our platform, email is straightforward and centralized, ensuring attachments are managed securely.

Safe and reliable document transmission.

Sending policy or application details openly via email likely breaches privacy regulations. Our centralized email hub ensures documents are delivered securely, keeping compliance in check.

Protected transmission of documents.

Documents reach only their intended recipient. Plus, we record delivery access, pinpointing the exact time and location a user accessed confidential data.

Comprehensive library for agents

Whether it's forms, documents, policy specimens, marketing materials, or more, everything you want to share with your agency is accessible through the agent's library. Additionally, we monitor which agents download these materials and when.

Self serve rate updates

For years, Underwriters Technologies was no different from other tech vendors, charging a premium for building rating systems. In hindsight, the returns didn't justify our efforts. After some introspection, we identified a superior approach. Now, our clients have direct control over their rates and their updates. Often, we're unaware when these rate changes occur.

Take control of your agent management.

You have the power to grant or revoke agents' access to the system. Beyond that, you can monitor their activities in real-time — from what they're quoting, to their clicks, to their downloads. And should you wish to email them all, it's merely a click away.

Take control of your agency management.

Just as with individual agents, you can monitor an agency's activities. Track their volume, policy count, number of claims filed, time investment, and even their loss ratio.

Reports Second To None

Experience traditional agency management reports as anticipated. And soon, you can harness the power of large language models and chatbots, like GPT, to access your data. Interact with the system as if conversing with an employee to retrieve the information you require.

Complex Cancellations

Insursys offers comprehensive management of insurance cancellations, beyond just basic cancellation processing. The system expertly computes both earned and return premiums, catering to various cancellation types including flat, short rate, and pro-rate. Moreover, it efficiently gathers all necessary information required for inclusion in cancellation notices.

Online Payments

InsurSys by Underwriters Technologies provides seamless payment solutions for businesses, accommodating direct payments from policyholders. Our services include credit card processing and electronic check/ACH transactions.