Advanced Insurance System logo

Advanced Insurance System

by Garvin-Allen Solutions · Since 1992
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ActiveAvailable globallyCloud
Quick facts
VendorGarvin-Allen Solutions
Year launched1992
StatusActive
LocationUnit 12 155 Chain Lake Drive, Halifax, NS B3S 1B3, CA
Countries servedGlobal
Languages11
Integrations1+
Free tierN/A
Free trialN/A
Contact salesYES

About Advanced Insurance System

Advanced Insurance System is a P&C platform from Garvin-Allen Solutions that provides modern quoting, policy administration, billing, claims management, and reinsurance. It combines features for policy administration, claims management, and billing so users can effectively manage their insurance operations. This comprehensive software supports various lines of business and offers integration capabilities to ensure compatibility with existing systems. Advanced Insurance System is designed to help insurance providers simplify their processes and improve service delivery. Key capabilities: quoting policy administration billing claims management reinsurance Best for: insurance companies that need a reliable solution for managing multiple insurance processes.

Advanced Insurance System by Garvin-Allen Solutions is a comprehensive claims processing software designed to revolutionize the way insurance companies manage claims and related operations. This robust platform is tailored to streamline end-to-end claims workflows—from initial claim registration and documentation to adjudication and settlement—by integrating a host of innovative features such as automated claim routing, fraud detection algorithms, and advanced reporting tools. Its primary purpose is to enhance operational efficiency, reduce manual errors, and improve overall customer satisfaction while ensuring regulatory compliance in an increasingly competitive market. The user interface of Advanced Insurance System is meticulously designed to offer a seamless user experience. The dashboard is clean, modern, and highly intuitive, making navigation effortless even for users who are less tech-savvy. With clearly labeled menus, customizable widgets, and quick-access toolbars, users can swiftly move between modules such as claim intake, document management, and analytics. Unique design elements, such as drag-and-drop claim assignment and context-sensitive help features, further enhance usability.

Pros & Cons

Pros
  • AIS offers a full suite of solutions covering quoting
  • The modular design allows for flexibility
  • AIS offers significant customization capabilities.
Cons
  • the extent of customization and the effort required for it aren't clearly defined.

Features

Key features

Comprehensive P&C Platform

Covers the entire insurance lifecycle, from quoting and policy administration to claims, billing, reinsurance, and accounting.

Modular Design

Offers flexibility to use individual modules or the complete suite, adapting to specific business needs.

Customization

Allows for extensive tailoring, including application design, coverage creation, screen modification, and icon personalization.

Integrated Modules

Seamless data flow and process automation across all modules.

Multi-Line of Business Support

Handles personal, commercial, farm, and specialty lines.

Efficient Quoting

Streamlined quoting process enabling agents to move from quote to issue quickly.

Enhanced Claims Management

Focuses on improving customer experience with easy data access and audit trails.

Modern Billing

Automates invoicing and payment processing, offering various payment methods and flexible rules.

Effective Reinsurance Management

Provides tools for automating reinsurance administration, monitoring programs, and analyzing trends.

Streamlined Accounting

Integrates with third-party systems and offers a comprehensive audit utility.

Customizable Reporting

Enables users to generate reports tailored to their specific requirements.

Additional features

Quote Generation

Takes customer information, desired coverage, and other factors to create a preliminary price estimate for insurance.

Rating Engine Integration

Connects with specialized software that calculates insurance premiums based on complex risk factors and statistical data.

Coverage Selection

Allows agents to customize the quote by selecting different coverage options, adjusting policy limits, and adding riders.

Document Generation

Automatically creates professional-looking quote documents and proposals that can be shared with customers.

Workflow Management

Keeps track of the quoting process, from initial request to policy issuance, ensuring efficiency and follow-up.

Reporting & Analytics

Provides data on quote activity, conversion rates, and other metrics to help insurers optimize their quoting strategies.

Policy Issuance

Generates the official insurance policy document based on the chosen quote and customer information.

Cancellations

Handles policy cancellations, including processing refunds and updating policy status.

Reinstatements

Allows for the reinstatement of cancelled policies under certain conditions.

Underwriting Rules Integration

Connects with underwriting rules engines to ensure that all policy changes comply with regulations and internal guidelines.

Third-Party Service Integration

Integrates with external services like motor vehicle record (MVR) checks, credit reports, and property valuation tools.

Automated Functions

Automates repetitive tasks like generating renewal notices, processing payments, and sending policy documents.

Document Management

Provides a central repository for storing and managing all policy-related documents.

Workflow Management

Manages policy administration workflows, ensuring tasks are completed efficiently and on time.

First Notice of Loss (FNOL)

Captures initial claim information, including details about the incident, parties involved, and any injuries or damages.

Claim Investigation

Manages the process of investigating claims, including gathering evidence, interviewing witnesses, and reviewing police reports.

Reserving

Estimates and sets aside funds to cover the potential payout for a claim.

Claim Settlement

Processes claim payments to claimants, including calculating settlements and issuing checks or electronic transfers.

Litigation Management

Handles legal aspects of claims, such as managing lawsuits and communicating with attorneys.

Workflow Management

Manages the claims process, assigning tasks to adjusters and tracking claim status.

Document Management

Stores and organizes all claim-related documents, such as accident reports, medical records, and photos.

Communication Management

Facilitates communication with claimants, adjusters, lawyers, and other parties involved in the claim.

Fraud Detection

Integrates with tools that help identify potentially fraudulent claims.

Subrogation Management

Manages efforts to recover claim costs from at-fault parties.

Purpose

This module automates the insurance billing process, from generating invoices to processing payments.

Key Features & Functionality
Invoice Generation

Creates and sends invoices to policyholders, detailing premium amounts due and payment deadlines.

Payment Processing

Accepts and processes payments made through various methods, such as online payments, credit cards, checks, and electronic transfers.

Automated Invoicing

Automatically generates and distributes invoices on a recurring schedule.

Payment Reminders

Sends automated reminders to policyholders about upcoming payments or overdue amounts.

Reinsurance Treaty Management

Manages reinsurance agreements and treaties, outlining the terms of risk sharing between the insurer and reinsurer.

Cession Management

Cedes (transfers) a portion of insurance risk to reinsurers, reducing the insurer's exposure to large claims.

Recovery Management

Facilitates the process of recovering funds from reinsurers when claims are paid out on reinsured policies.

Reporting & Analytics

Provides data on reinsurance activity, including ceded premiums, recoveries, and overall program performance.

Financial Reporting

Generates financial reports related to reinsurance transactions.

Automated Administration

Automates tasks related to reinsurance administration, such as calculating cessions and tracking recoveries.

Program Monitoring

Monitors reinsurance programs to ensure they are performing as expected.

Trend Analysis

Analyzes historical trends in reinsurance to inform future decisions.

Budgeting & Forecasting

Supports the process of creating and managing budgets and forecasting future financial performance.

Third-Party System Integration

Integrates with specialized accounting software and other financial systems.

Audit Trails

Provides detailed records of all financial transactions, facilitating audits and ensuring accountability.

Check Processing

Handles the processing of checks, including printing checks and reconciling bank statements.

Electronic Payments

Facilitates electronic payments to vendors and other parties.

Pricing

Free trial
Free version
Request a quote
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Countries & Languages

Global
Countries served
11
Interface languages
11
Billing currencies

Interface languages

EnglishSpanishFrenchGermanItalianPortugueseDutchRussianChineseJapaneseKorean.

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇳CNY🇮🇳INR🇷🇺RUB🇧🇷BRL🇲🇽MXN

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