Policy Wording and Clause Management

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.