Managing insurance policies has never been easier.
Transform the way you issue quotes, capture data and process insurance policies, from first quotation through to renewal.
What is underwriting and policy management software?
Underwriting and Policy Management software captures and processes insurance policies, underwriting data, premiums, limits, deductibles and values. Figtree’s solution is designed to service all classes of insurance.
Quotation engine
Calculate and adjust premiums using the criteria dictated by your business and risk.
Flexible rating
A rating system that incorporates all factors and conditions and adapts as your business changes.
Policy documents
Policy wording, certificates and premium statements produced as standard.
Linked to claims
See claims, reserves, payments and recoveries against every policy in real time.
From quotation to renewal, in one place
Manage every stage of the policy lifecycle with a full audit trail of policy history.
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01
Quote
Capture risk details and rate premiums with user-maintainable rating tables.
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02
Bind & issue
Convert the quotation to a policy and generate the statement and schedule.
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03
Adjust
Process mid-term adjustments and endorsements, with policy finance to invoice and receive.
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04
Renew
Manage policy renewals, with the full history available for every decision.
Turn policy data into a management tool
Easily analyse every level of a quote, risk or premium, and present the data graphically so report data is clear to everyone.
- Highly configurable across different lines of business
- Optional custom web pages for capturing data
- User-friendly custom report generator
- Interfaces with Figtree claims management modules
Everything your underwriting team needs
Access all the standard features of the Figtree Systems software suite, plus purpose-built underwriting and policy management options.
Key components
- Policy
- Quotation
- Convert quotation to policy
- System-generated policy statement and schedule
- Rating system
- MTA / endorsement
- Policy renewal
- Policy audit trail
- Custom report generator
- User-designed workflow
- Web-published system
- User-defined validation rules
- Job processor
- Diary and task management
- User security
Benefits
- Highly configurable and works with different lines of business
- Proven installations
- Web enabled
- User-maintainable rating tables
- Full policy cycle from quotation to renewal
- Mid-term adjustment
- Full audit trail of policy history
- Policy finance to invoice and receive
- Interface with Figtree claims management modules
Add Ons
We are dedicated to providing our clients with the latest technology solutions tailored to their business needs. Our add-ons are designed to increase productivity, achieve higher efficiencies, and allow end users to focus on their key duties.
Email Processor
Figtree captures emails automatically and attaches them to the relevant record.
Read MoreSecure, proven and ready to grow with you
In the cloud
Figtree Systems software solutions are web-based and delivered in the cloud as a SaaS solution.
Cloud & Hosting →Configurable, proven software
We configure a proven platform to fit your needs rather than developing from scratch, which shortens implementation and reduces risk.
Request a demo →
Certified secure
Our information security management is certified to ISO 27001.
See our certifications →Experience you can count on
We have over 40 years’ experience developing and supporting configurable software that helps organisations manage complex operations across insurance, workers’ compensation, fleet, assets, risk, safety compliance and more.
We are proud to be a trusted provider of underwriting and policy management software around the world.
Frequently Asked Questions
Common questions about Figtree Systems’ underwriting and policy management software.
What is underwriting and policy management software?
Underwriting and policy management software is a platform used to capture and process insurance policies, underwriting data, premiums, limits, deductibles and values. It transforms the way insurers issue quotes, capture data, and process insurance policies.
Does Figtree’s policy management software include a quotation and rating engine?
Yes. A quotation ‘engine’ allows premiums to be calculated and adjusted using the criteria dictated by your business and risk, and a rating system incorporates all factors and conditions, offering the flexibility to ensure that changes to your business environment can be easily adopted.
Can I see claims, reserves and payments against a policy in real time?
Yes. A correlation exists between the policy record and the associated claim. This provides the user with a real-time understanding of the number of claims made together with reserves, payments and recoveries made.
Is Figtree’s underwriting and policy management system cloud-based?
Yes. Figtree Systems software solutions are web-based and are delivered in the cloud as a SaaS solution.