The PTS Workers Compensation PolicyExpert™ module includes all of the configurability, workflow, document management and other features of our
Commercial Lines Platform.
On-Line Application Quoting and Processing
- One stop agent portal; applications, quotes, in-force policies, commissions, renewals and claims
- 100% web-based online application processing and quoting
- Real time status views for agents and/or customers
- Automated identification of duplicate quote applications by customer name, phone, and/or FEIN
- Quote export via PDF files and/or e-mail
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Underwriting
- Generates multiple rates per application based on different WC plans such as guaranteed cost, deductible
- Supports accompanying coverage such as USL&H, Maritime, Voluntary Compensation, FELA and other
- Handles underwriting for:
- Multiple or multi-state locations
- job classifications
- Payroll
- Loss history
- Additional coverage
- Other pertinent data (e.g., including or excluding coverage for officers, owners)
- Supports taxes and surcharges
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Policy Administration & Management
- Policy issuance and endorsement
- Policy renewals
- Policy cancellation and reinstatement
- Payroll management
- Agency information management
- Supports WCPOLS, WCSTAT, URE, DCI reporting
- Alerts and notification groups
- Customer portal
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Business Analytics Data Warehouse
- Business intelligence dashboards for key management functions
- Robust business analytics tools across an integrated database for mining customer, policy, claims, financial and other data
- Enables trend forecasting and predictive modeling; supports rapid new product development and pricing changes
- Ad-hoc reporting tools enable real time analysis supporting improved decision making
- Report formats and schedules tailored to user needs
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