Today's rigorously competitive market has made it hard for Property & Casualty (P&C) insurance companies to maintain a stable growth rate. They have to set up property structures for new clients within hours, compared to weeks a few years back. They are required to web-enable their systems to give access to remote users such as agents and brokers. Increasing incidences of fraud cases also affect their business.
Outsourced property & casualty insurance company have to allow their customers to manage property issues online. Most companies have different applications on several platforms and databases, making it complicated for customers to trail claims. These legacy systems are costly to maintain and also complex to be merged with new technologies, which necessitates extended manual activities and overnight batch cycles. QualSoft’s P&C system is a proven offshore property and casualty insurance software designed particularly for overcoming these hurdles. It supports underwriting / policy administration, rating, billing, claims and reinsurance with comprehensive financial accounting, reporting and analysis features. The P&C insurance software covers business lines such as personal auto, homeowners, commercial package, professional liability, workers payment, etc. It allows you to create and start unique products across these lines.
The custom property and casualty insurance software helps reduce losses caused by frauds. It is prepared to detect fake claims before they are paid, and is also useful in evaluating underwriting risks.
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