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Best's Review Insurance Technology Guide
Policy Administration
by
Maximum Processing
The Stingray System includes all of the features required to enter, bind, endorse, cancel, reinstate, renew, non-renew, and review policies. Since the Stingray System is a 100% web-based and centralized system, users have nothing to install or maintain on their computers.
Imagine the next time there is a critical file that someone within your organization needs access to - they simply login via the Internet and have access to everything they would have while in the office - they can even perform their job duties securely from a remote location!
Flexibility – built in
Stingray was developed to be extremely flexible - so 3rd party data, or decision making software can be incorporated anywhere within the system. For instance if you write homeowners policies and you want to get an accurate value for the home - Stingray can incorporate Marshal-Swift Boeckh Cost data in real-time during the rating process.
If you write automobile coverage and you want to automatically select the proper Year, Make, Model, Options, and Symbols for a vehicle you can incorporate the VIN Verification module to select the vehicle information based upon the VIN code of the vehicle - automatically and in real-time during the rating process.
Maybe you want to run Motor Vehicle Reports on drivers within the household before you bind the policy or automatically get the Property Protection Class for a Homeowners policy based upon the dwelling address.
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