Policy Administration
In the current market conditions, where competition is fierce, the insurance sector must employ a multi-pronged strategy that reduces costs and increases revenues. Central to this is a priority to shift toward a new class of policy administration platform; so that the challenges of meeting stringent regulation and management of highly complex risks and demanding distribution channels can be accomplished.
Core trends feeding policy administration platform selection are centred on customer relationship management, rationalisation, channel development & the rapid take up of online services, together with security and compliance.
Salmon is helping our customers meet a new breed of requirements, typically centred on;
- Rapid time-to-market
- Reduced overhead and processing costs with streamlined service delivery
- Improved offerings whilst remaining price competitive
- Adherence to all regulatory rules
- Improvements in retained business
- Improved underwriting and account control and management information
- Management of, and capability to embrace multi class and/or multi channel distribution
SAFI™ is centred on meeting all these customer requirements. And as companies in the insurance sector are tired of rigid out-of-the-box software applications that require expensive and exhaustive customisations, we've ensured SAFI™ is architectected differently. Additionally we are confident that growth – both organic and through acquisition – is met with SAFI™.
SAFI's Policy Administration Benefits at a glance
Multi-line efficiency -
Cost effective and efficient single source underwriting access and delivery across multiple classes.
Multi Channel management
Management and servicing of multiple intermediaries and distribution channels for complete control and MI across all agencies.
Real-time monitoring
Real-time and detailed underwriting control and assessment on both an individual, class and account level for more accurate, automated and efficient underwriting.
Straightforward integration
Smooth and trouble-free desktop integration alongside any existing technologies. Utilisation of remote web based access, with no expensive hardware implications.
Flexible and evolving capabilities
Integration of further bespoke solutions at any time to react to market forces or develop and improve process functionality and efficiency.
Whatever your policy administration requirements are, Salmon can help. We retain teams of solely web-based solution experts who are skilled and experienced within the insurance sector to advise and implement the right solutions. And as a stable and experienced supplier we can be responsive to our customers immediate needs and dependable for long-term delivery. But more than that, our approach ensures your solutions portfolio delivers against your specific business needs whilst drawing upon proven and trusted technologies.
We have dedicated teams and practices that are able to help you today. If you need more information Contact Us now, or make a Services Request.