Software to support life, health and annuity
From regulatory changes to a growing number of products — if left unchecked, the increasing complexity of today’s insurance market can limit your company’s potential for growth. illumifin’s policy administration software changes that dynamic. By consolidating multiple lines of business to support carriers, illumifin has expanded their product offerings to meet the demands of the individual, group, and voluntary benefits markets.
With cloud-enabled architecture, API connectivity and an intuitive customer experience, illumifin’s policy administration suite reduces operational costs throughout the product journey, allowing carriers to bring new products to market quickly and support aggressive growth in a proven, scalable platform.
Insurance software that empowers transformation
At illumifin, we’re igniting change for our customers with the power of comprehensive policy administration capabilities, regardless of the line of business or complexity of the product. We help insurers harness the power of a new digital age of efficiency with our policy administration software.
How we can help
Because we’re a third-party administrator for benefit plan services we’re active users of our own products. We have a vested interest in developing functionality that truly serves industry needs through our agile product development framework.
Insurance policy administration system
The core of our platform is the comprehensive group and individual policy administration system. Our team has an average of 25 years in the industry which equates to a deep understanding of the market requirements, trends and expectations for the future. We are able to leverage this domain expertise to ensure we are investing in the platform to the benefit of the clients and markets we serve. The knowledge and investments combined have built a platform that currently supports complex insurance products and is continuously modernized and modularized.
Learn More »Insurance portal software
Based on the illumifin policy administration platform API layer, our insurance portal software makes it easy for various consumers in the product lifecycle manage their own insurance policies. Self-service streamlines their experience and improves your operational efficiency.
Learn More »Data analytics platform
Closing the loop in the three-part system, our insurance data analytics warehouse unlocks the power of information, providing valuable insights for accurate forecasting through trend visualization and our deep actuarial expertise.
Learn More »
AI-powered
self-service
AI automates common transactions and client inquiries to enable a frictionless experience with lower operational costs.
API connectivity
The layered service-oriented architecture integrates within a broad ecosystem of internal and external platforms.
Native cloud architecture
illumifin’s policy administration software offers cloud-agnostic capabilities that increase flexibility and reduce cost, such as auto-scaling & containerization.
Product industrialization
Built on a foundation of scalable, automated processes, illumifin’s SAFe product development process ensures quality and agility.
Configurable core capabilities
Our policy administration software foundation is a robust core engine, enhanced by configuration capabilities to increase flexibility and scalability.
Comprehensive ecosystem
illumifin’s policy administration software comes with pre-integrated partners for surround capabilities, reducing system modernization time to market, particularly in the context of our SaaS offering.
AI-powered analytics
Our visualization of data trends and predictive analytics provide essential support for nimble decision-making.
Get in touch
Want to learn more about how our insurance software can help your company increase revenue and efficiency?
