CompVISION logo

CompVISION

by PCIS · Since 1978
No reviews yet
Active1+ countriesCloudOn-premise
Quick facts
VendorPCIS
Year launched1978
StatusActive
Location40 Broad Street, 4th Floor, New York, NY 10004, United States
Countries served1+
Languages1
Integrations1+
Free tierNO
Free trialNO
Contact salesYES

About CompVISION

CompVISION is a specialized workers’ compensation policy administration system developed by P&C Insurance Systems, Inc..

CompVISION is a specialized workers’ compensation policy administration system developed by P&C Insurance Systems, Inc.. The software is designed to support the full lifecycle of workers’ compensation policies, including quoting, rating, policy issuance, billing, underwriting, auditing, and regulatory reporting. It supports multi-company and multi-state operations, enabling insurers to manage policies across all 50 U.S. states from a single platform. The system provides a configurable architecture that allows insurers to adapt underwriting rules, rating tables, billing processes, and compliance workflows without requiring extensive customization. CompVISION includes advanced rating capabilities such as guaranteed cost, loss-sensitive rating, retrospective rating, and custom filed rating plans, which makes it suitable for complex insurance programs. Additionally, built-in support for NCCI reporting and state-specific compliance simplifies regulatory obligations for insurance carriers. CompVISION also includes integrated modules for premium accounting, marketing tracking, customer service access, and audit scheduling. Its service-oriented architecture enables deployment as a standalone policy administration system or as a headless rating engine integrated with other underwriting or claims platforms.

Pros & Cons

Pros
  • Built-in regulatory compliance tools simplify NCCI reporting and state mandated documentation.
  • Integrated premium accounting automates billing schedules, commissions, and payment tracking.
  • Handles policies across multiple states and insurers within a single centralized system.
  • Highly configurable business rules allow insurers to tailor underwriting and rating workflows.
  • Service-oriented architecture enables headless deployment with third-party portals and systems.
Cons
  • Advanced configuration options can increase system complexity for smaller insurers.
  • Best suited for U.S. insurance regulations which limits global adoption flexibility.
  • Implementation and configuration can require significant vendor support for complex carriers.
  • Focused primarily on workers’ compensation which limits suitability for broader insurance lines.
  • User interface design may feel dated compared to modern cloud-native insurance platforms.

Features

Key features

NCCI compliance reporting

Generates standardized workers’ compensation regulatory reports.

Advanced rating engine

Supports guaranteed cost, retrospective, loss sensitive, and custom rating plans.

Premium accounting management

Tracks billing, payments, commissions, and financial transactions.

Configurable underwriting rules

Allows insurers to configure rating tables, rules, and policy workflows.

Multi-state and multi-carrier support

Enables policies covering multiple states and insurers.

Quote-Rate-Issue-Bind workflow

Automates the full policy lifecycle from quote creation to binding.

Additional features

Pre-loaded regulatory content

Includes NCCI rates, state forms, and WCPOLS reporting.

Policy lifecycle management

Handles quotes, issuance, endorsements, renewals, cancellations, and reinstatements.

Multi-company management

Allows multiple insurance carriers to operate on the same platform.

Multi-state policy support

Enables policies covering multiple jurisdictions simultaneously.

Advanced rating scenarios

Supports guaranteed cost, loss sensitive, retrospective, and customized rating models.

Flexible billing plans

Allows user-defined payment plans and billing by policy, state, entity, or location.

Premium accounting tools

Tracks billing schedules, payments, commissions, and financial adjustments.

Automated commission calculations

Computes commissions automatically including sliding scale structures.

Customer service portal

Provides access to all policy versions and reporting tools for agents and CSRs.

Headless deployment capability

Allows integration with third-party portals and underwriting systems.

Policy inquiry tools

Provides comprehensive search and coverage determination at any time.

Audit scheduling automation

Automatically assigns and schedules audit tasks and worksheets.

Standalone web rating engine

Enables use of the rating engine independently of the full PAS.

Configurable business rules

Enables configuration of quoting, billing, claims, and rating rules.

Premium audit management

Supports final, interim, and pay-by-payroll audits.

Marketing analytics tracking

Tracks quote ratios, hit ratios, and marketing performance data.

Pricing

Free trial
Free version
Request a quote
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Countries & Languages

1
Countries served
1
Interface languages
26
Billing currencies

Available in

United States

Interface languages

English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇨🇳CNY🇸🇪SEK🇳🇿NZD🇮🇳INR🇷🇺RUB🇲🇽MXN🇸🇬SGD🇭🇰HKD🇳🇴NOK🇰🇷KRW🇹🇷TRY🇿🇦ZAR🇧🇷BRL🇩🇰DKK🇵🇱PLN🇮🇩IDR🇲🇾MYR🇭🇺HUF🇨🇿CZK

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