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RAVELLO SOLUTIONS POLICY ADMINISTRATION SYSTEM
Ravello offers the most
complete and flexible policy administration solution in the industry. It fully integrates the carrier's
diverse operations, supporting the entire policy lifecycle. Our solution suite is built on modern
technologies and natively provides pure web-based user interfaces that receive
the highest marks for usability. Ravello's suite
provides robust functionality for:
- Workflow management, routing both internally
and externally based on complex criteria
- Business Origination (quotations and new
policy binding)
- Rating and quoting online (with precise
calculations instead of gross estimates)
- Large deductible rating
- Retrospective rating
- Reinsurance Management
- Reinsurance Bordereau Reconciliations
- Multiple-level underwriting with
automatic/semi-automatic/manual underwriter support
- Automatic debit or credit adjustments
- Electronic submission of business
- Out-of-Sequence Endorsements
- Complex and/or high premium underwriting
- Ad hoc reporting
- Action based on any field in the file,
including using them as rating and routing criteria
- Work queues to track and view quotes/policies
through all statuses of the policy lifecycle
- Binding policies in real time
- Generating, viewing, and printing forms
online
- Sophisticated, template-based reports
- Dynamic policy flagging capabilities
- Complete file search engine
- Acord Certificates of Insurance
- Determination of eligibility for automated
underwriting
- Standards-based interfaces to pass all data
points to external systems
- Robust user notification/alert engine
- Security
- E-mail capabilities
- Real-time alerts and system-wide messaging
- Renewals
- Endorsements, including money, non-money, and
out-of-sequence
- Robust underwriter diary system
- Cancellations/Reinstatements
- Audits
- Detailed wage reporting for monthly pay plans
- Detailed analytics for business optimization,
reinsurance, carrier management and premium accounting ¨C Data Analysis
- Production of proposals, applications
(including ACORD), and quotations
- Maintenance and updating of rates, rating
rules, and rating factors
- Reinsurance administration
- Document generation in PDF format
- One Click access to any document created by
the system for viewing, printing, and electronic transmittal.
- Full support for traditional paper applications,
endorsements, and other requests throughout the policy lifecycle.
- Ravello's patent-pending technology
for an Active Policy Timeline.
Learn more about our company's
solutions
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