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Life Insurance Policy Administration Systems
Life Insurance Policy Administration Systems are software that can be used to manage new or existing insurance policies and services. They allow administrators of policies to maintain their clients' records and have easy access to this information.
What Small and Midsize Businesses Need to Know About Life Insurance Policy Administration Systems
SMBs interact with insurance policy administration systems whenever they update a policy for an employee or the company or pull information like costs and features to create new policies.
Related terms
- Tokenization
- ROIT (Return on Information Technology)
- SAC (Subscriber Acquisition Cost)
- Energy Trading and Risk Management (ETRM)
- Chief Revenue Officer (CRO)
- Core Banking System
- Record to Report (R2R)
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling
- Capital Allocation
- Compound Annual Growth Rate (CAGR)
- Net Present Value
- Hedge Fund
- Gateway
- Selling General and Administrative (SG&A) Expenses
- ROE (Return on Equity)
- Financial Planning and Analysis (FP&A)
- Dollar-Cost Averaging (DCA)
- Procure-to-pay Solution
