Insurance Policy Management Software

Insurance Policy Management

What is Insurance Policy Management Software?

Insurance Policy Management software helps insurance companies manage their policy administration functions, marketing and customer relations, both for existing customers as well as potential clients. Features usually include automated workflows and functions to help manage agent commissions and track sales performance.​

Common Features

  • Analytics and Reporting
  • Risk and Fraud Assessment
  • Document Management
  • Workflow Management
  • Dashboard
  • Communication Management
  • Compliance Management
  • Legal Matter Management
  • Policy Administration
  • Content Management
  • Policy Management

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Top Insurance Policy Management Software 2024

Salesforce.com Inc

Vlocity Insurance

Composite Score
7.1 /10
CX Score
7.7 /10

Successful Insurance organizations understand their clients and their constantly changing needs. They efficiently provide them with the right products, and efficiently administer and service their policies / products at the right times. You need insurance-specific capabilities, and you need all the benefits of the cloud. Now you can have both with Vlocity.

Pros

  • Helps Innovate
  • Trustworthy
  • Unique Features
  • Effective Service

Products below are ineligible for awards due to insufficient recent reviews

Decision Research Corporation

DRC GameChanger

Composite Score
8.1 /10
CX Score
8.2 /10

GameChanger® is DRC’s highly configurable policy administration system designed specifically for the property and casualty insurance industry that changes the way business gets done. GameChanger’s Flexible, Adaptable, Scalable Technology offers a fully integrated, end-to-end policy administration for Personal, Commercial, and Specialty lines of business providing insurers with the competitive edge they need to stay in the game.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Enables Productivity

Cons

  • Less Performance Enhancing
  • Less Efficient Service
  • Less Effective Service
Instanda

Instanda

Composite Score
7.9 /10
CX Score
8.3 /10

INSTANDA allows clients to design and build a product through the full policy lifecycle: gathering risk information, calculating premiums and rules. It is a management tool that empowers insurers, brokers and MGAs to build and launch any insurance product within unprecedented timescales, and then distribute and self-manage it online and on a global basis.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing
Composite Score
7.7 /10
CX Score
8.1 /10

With Instec's insurance policy platform, you can capitalize on new opportunities before your competitors do, because our policy management system is built for speed and reliability.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing
NTT DATA FA Insurance Systems

NTT FirstGen

Composite Score
7.5 /10
CX Score
7.4 /10

FirstGen is NTT DATA's answer to the challenges faced by P&C insurers. FirstGen is a new generation, web-based policy administration system, which covers the full cycle of insurance operations from point of sale right through to the general ledger. FirstGen supports all classes of P&C insurance to cater to the insurance industry's requirements.

Pros

  • Reliable
  • Enables Productivity
  • Trustworthy
  • Unique Features
Composite Score
6.6 /10
CX Score
7.7 /10

iPipeline is your strategic partner and technology provider of SaaS solutions that drive straight-through processing for the insurance and financial services industry.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing
Guidewire Software

Guidewire PolicyCenter

Composite Score
5.8 /10
CX Score
4.7 /10

Guidewire PolicyCenter was designed to empower property and casualty insurers to meet the needs of a rapidly changing industry with efficient underwriting and agile policy and product management.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Enables Productivity

Cons

  • Vendor's Interest First
  • Under Delivered
  • Less Performance Enhancing
Composite Score
2.1 /10
CX Score
3.2 /10

Jenesis Software creates enterprise quality Agency Management System Software for the Insurance Industry.

SmartCompliance, Inc.

SmartCompliance

Composite Score
2.0 /10
CX Score
5.1 /10

SmartCompliance is a certificate of insurance tracking and compliance management software for brokers, insurance consultants and risk managers.

Cons

  • Slower Product Innovation
  • Less Reliable
  • Less Performance Enhancing
Composite Score
1.7 /10
CX Score
5.4 /10

Our web based and easily accessible policy administration system gives you a life cycle view and complete control of any policy. Issue quotes, and send invoices and correspondence directly, while performing bulk actions all in one system. Our system lets you take command of the policy administering process from beginning to end.

Cons

  • Inhibits Innovation
  • Slower Product Innovation
  • Less Reliable