InsXpress Pro
InsXpress Pro is a fully integrated, Intel based, single entry, processing system, designed to meet the complex data processing needs of Insurance companies, Managing General Agents, Program Administrators, Brokers and Retails Agents. With InsXpress Pro, we provide small and mid-market insurance enterprises our rich industry-specific expertise and knowledge gained from many successful global Insurance solution implementations.
InsXpress Pro provides the flexibility and adaptability to incorporate client specific application needs and hence renders itself as a powerful solution. The dynamism emanates from the tools based approach that forms the foundation of InsXpress Pro.
InsXpress Pro supports all the major lines of business and can be used by Insurance Carriers, Managing General Agents, Program Administrators, Brokers and Retail Agents.
Lines of Business supported
Commercial Lines
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Personal Lines
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Specialty Lines
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Policy Processing
The Policy is the foundation for building a folder for policyholders. The foundation is established when the first information about a prospective policyholder is recorded by the Agent through the Internet or by client staff.
InsXpress Pro provides the flexibility to customize processes to suit your business specific needs. Brokerage Business may be as simple as an entry process with a goal of submitting an application to multiple carriers with only a few keystrokes.
Program Managers, Managing General Agents and Companies have the power of InsXpress Pro to customize workflow to meet their unique requirements.
InsXpress Pro's Policy Processing features include:
- Agent Access for Quotes or Forms
- Submission to Multiple Companies
- Rating
- Diary for Follow-up
- Establish Workflow
- Issue, Bind or decline a Policy
- Print, E-mail, Fax Forms
- View Associated Images
- View Accounts Receivable Status
- View Claims Activity
- Endorse
- Cancel
- Reinstate
- Quote a Renewal
- Renew a Policy
Claims Processing
The Policy is the foundation for building a folder for policyholders. The foundation is established when the first information about a prospective policyholder is recorded by the Agent through the Internet or by client staff.
InsXpress Pro provides the flexibility to customize processes to suit your business specific needs. Brokerage Business may be as simple as an entry process with a goal of submitting an application to multiple carriers with only a few keystrokes.
Program Managers, Managing General Agents and Companies have the power of InsXpress Pro to customize workflow to meet their unique requirements.
InsXpress Pro's Claim Processing features include:
- Verify coverage
- Enter and maintain diary entries
- Write, maintain and diary notes
- Set and maintain loss / expense reserves
- Prepare loss payments
- Prepare expense payments
- Automatic reserve adjustment resulting from payments and closing
- Fully integrated with imaging systems
The Claim component may be used to import and combine premium and loss data for analysis.
Cross reference all Claims by:
- Policy
- Insured
- Loss number
- Claim number
The extensive database maintained by InsXpress Pro is also for reporting and analysis
Date range selection for reports:
- Loss ratio analysis by treaty year, loss year, calendar year for reporting purposes
- Bordereaux for paid losses, paid loss expenses, and reserves
Accounting and General Ledgers
InsXpress Pro provides a fully integrated Accounting and General Ledger System. Entries to the various General and Sub-ledgers are fully automated. Checks and balances provide for automated warning messages if an account is out of balance while trying to close an accounting period.
InsXpress Pro's Accounting features include:
- Integrated General Ledger
- Real-time Posting to Ledgers of
- Premium
- Cash
- Commission Earned
- Commission Paid
- Payments
- Print Checks
- Return Premium
- Accounts Payable
- Claims
- Extensive Reporting
- Premium Bordereau
- Loss Bordereau
- Producer Statements
- Transaction Registers
- Cash Receipts
- Journal Entries
- Invoices
- Management Reporting
- Installment Plans
- Vendor Payable
Management Reporting
The various components of InsXpress Pro build and maintain an extensive database that supports the reporting feature in the system. The databases are used to report a vast number of facts and figures about the various lines of business and its profitability.
InsXpress Pro's Management Reporting features include:
- Real-time Profit and Loss Statements
- Balance Sheets
- Producer Analysis
- Loss Ratios
- General Ledger
- Broker Statement
- Company Statement
- Aging
- Expiration
- Volume Analysis
- Reporting 1099
- Tax Reports by State
Document Management, Fax and E-mail
InsXpress Pro has a fully integrated imaging, fax and mail system. Attachments types (file folders) and locations are defined by the customer. All documents produced from the policy are automatically stored and are prevented from deletion for auditing and legal purposes.
InsXpress Pro's Document Management features include:
- Secured local and remote access
- Reprint on any network printer
- E-mail, fax or print any image
- Attach notes to images attached
- Conformance to workflow
- View all images including accounting statements
InsXpress Pro's Fax and E-mail features include:
- Ability to send and receive e-mails
- Ability to attach to:
- Policy
- Insured
- Producer
- Company
- Internal user
- Underwriters
- Claims
Configuration Tools
Insxpress has a wide variety of standard features and products. In order to provide our clients with unmatched flexibility, we offer a number of Configuration Tools to allow clients to customize features of the Insxpress system without programmer involvement.
Product Development Tool
- User-defined Data Names, Attributes, Pick Lists, Screen Arrangement
- Rating Attributes and Algorithms
- Forms Selection and Indexing
- Appearance, Sequence, Validation Criteria
- Rating Criteria for Quotes
- Provide for Remote Policy Inquiry
- Select Forms To Print Remotely
Forms Management Tool
- Create Forms Library by Scanning or Word Processing
- Index Database to Form for Automatic Placement of Data
- Control Orientation, Duplexing, Sequence, Revision Date, Paper Size
- Cross Reference Mandatory Form
- Company, Line of Business, Sub-Line, State
- Submittal, Decline, Binder, New, Renew, Endorsement, Cancel, Reinstate,
- Certificate, Attachment
- Define Manuscript Forms
- Define Prompts for Data External to the Database