Life Insurance Policy Administration Software
Life Insurance Policy Administration Software for Higher Efficiency
Shifting demographics, changing customer preferences, and fluctuating market conditions compel insurance companies to innovate and transform their operating models. Digitalization allows businesses to do just that by changing the way in which life insurance carriers, agencies, and agents operate. Equipped with a team of insurance service specialists, Damco enables life insurance businesses to evaluate risks, analyze market scenarios, observe consumer behavior, and strategize new products.
InsureEdge—one of the leading life insurance software solutions—lets you perform all such functions and more through a range of its easily configurable modules. This flexible life insurance software aids in managing diverse areas of individual, group, and corporate insurance. From life insurance planning to predictive underwriting, InsureEdge does it all. Our digital platform supports complete policy administration life cycle through a feature-rich solution for a broad range of life and annuity products. It also functions as life insurance quoting software to streamline quoting and enhance efficiency. A modular configuration enables the software to be tailored to the needs and requirements of individual customers—allowing for an exceptional user experience.
Improve Agility, Efficiency, and Decision Making with Life Insurance Software Solutions
An innovative solution to bridge the gap between carriers, agents, and consumers for enhanced customer experience
Full Lifecycle Support
Support for complete policy lifecycle from initial quote through claim. Generate invoices, track billings, and support loan disbursements and annuities—Damco offers comprehensive life insurance software for agents, brokers, and carriers.
Policy Administration
Get a centralized view of policies and automate workflows using the life insurance quoting software. Integrated validation and testing routines to accelerate rollout with the ability to create new plans from pre-defined templates.
Claims Management
Create and deploy automated claims processes to improve business agility, reduce time-to-market and costs. Pre-defined claims workflow to assist in quick settlement of claims.
Reporting & Analytics
Get in-depth analysis of important data such as profitability, customer retention, etc., to make data-backed decisions and strategize based on data-driven insights.
Grow Your Life Insurance Book of Business with InsureEdge
Why Should Life Insurers Use InsureEdge?
InsureEdge empowers life insurers to grow, innovate, and stay ahead while delivering enriched experiences across the insurance value chain
- Enabling faster go-to-market and insights into existing product performance to facilitate faster product launch
- Simplifying operations through policy administration system migration and consolidation
- Reducing costs and improving the efficiency of back-office functions
- Boosting customer satisfaction by creating a relationship-based single view of the customer
Success Stories
Damco’s Life Insurance Software Reviews
“The most practical solution for our insurance operations. The desktop version of it has one screen where you can manage policies, customer and claim details. This solution also provides a centralized repository for all documents, thus increasing the overall productivity.”
“The tool that reduced time in policy clearance. A highly seamless policy and claim management process. The reporting become easy with this tool, just a single click to create reports. The interactive tool dashboard really helps in reporting.”
"This solution is a game changer for our operations, it practically does the robot work for us with task automation, and our data accuracy got a major upgrade. It's like our productivity got a turbo boost, and customers are loving the smoother experience."
