Property and casualty policy administration software helps insurers manage property and casualty insurance policies. Property and casualty policy administration systems allow insurers to develop and administer new property and casualty products for clients. Using these systems, organizations can design new policies, calculate policy costs, and maintain a record of policies issued to clients. Some systems offer libraries of prebuilt insurance product features that reduce time to market. Property and casualty policy administration systems are commonly used by enterprise insurance organizations to manage existing policies and develop new insurance products. These systems can improve policy flexibility and administration. Property and casualty policy administration systems can be implemented either as a standalone solution or as part of an integrated insurance suite.
To qualify for inclusion in the Property and Casualty Policy Administration software category, a product must: