Andesa Policy Administration logo

Andesa Policy Administration

by Andesa Services, Inc. · Since 1983
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ActiveAvailable globallyCloud
Quick facts
VendorAndesa Services, Inc.
Year launched1983
StatusActive
Location1611 Pond Road, Suite 210, Allentown, PA 18104, USA
Countries servedGlobal
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Andesa Policy Administration

Andesa Policy Administration software is a cloud-based solution tailored specifically for life insurance carriers and financial institutions.

Andesa Policy Administration software is a cloud-based solution tailored specifically for life insurance carriers and financial institutions. Hosted in a secure private cloud, the platform emphasizes flexibility and scalability through a transaction-based approach to policy configuration and lifecycle management. It supports a wide range of insurance products, including term life, annuities, and universal life policies, making it suitable for both open and closed blocks of business. The software stands out for its strong automation capabilities, particularly in new business processing and policy servicing. Its e-application portal reduces manual intervention while improving data accuracy and turnaround time. Additionally, the integrated reporting engine and policy inquiry tools provide stakeholders with real-time insights and operational transparency. However, the platform appears highly specialized, which may limit its appeal to non-insurance sectors. While it offers robust core functionalities, the absence of publicly available pricing and integration details may require prospective clients to engage directly with the vendor for full evaluation.

Pros & Cons

Pros
  • Connects policy data seamlessly across lifecycle events improving efficiency
  • Supports wide range of life insurance products for flexible business use
  • Automates application processing reducing manual workload significantly
  • Provides accurate projections aiding better financial decision-making
  • Secure private cloud ensures high data protection and reliability
Cons
  • Highly specialized for insurance limiting cross-industry usability
  • May require significant onboarding effort for legacy migration
  • Private cloud setup may limit customization for some clients
  • Limited customization options for specific business needs
  • User interface details not publicly demonstrated or reviewed

Features

Key features

New business processing

Automates e-application submissions with e-signature support

Policy inquiry

Offers real-time access to policy and transaction data

Reporting

Generates custom, scheduled, and ad hoc reports across policy levels

Illustrations

Provides accurate pre-sale and inforce projections for policies

Policy administration

Manages full policy lifecycle with financial and non-financial events

Policy administration

Manages full policy lifecycle with financial and non-financial events

Additional features

Policy inquiry tool

Provides detailed policy and transaction visibility

Self-service portal

Allows policyholders to manage accounts independently

Conversion engine

Migrates legacy policy data efficiently into the system

Data warehouse

Centralized repository for reporting and analytics

Reporting engine

Produces dynamic and customizable business reports

Reporting engine

Produces dynamic and customizable business reports

E-signature support

Facilitates secure and compliant digital signing

Illustration engine

Enables detailed financial projections for insurance plans

Cloud hosting

Operates in a secure private cloud environment

Product configuration

Supports flexible insurance product setup and customization

Policy lifecycle management

Handles issuance, servicing, and termination processes

Pricing

Free trial
Free version
Request a quote
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Countries & Languages

Global
Countries served
1
Interface languages
1
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD

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