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Best Insurance Compliance Software - The Ultimate List
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Best Insurance Policy Administration Management Systems

September 2024

Insurance policy management systems are a very fragile part of the FinTech world. They hold vital information about customers. Their lives, incomes, even habits. That’s why proper design and security are so important. To correctly manage insurance policies, you need to catalog your offer and present it the right way. Here’s a list of apps that can be helpful.

Before we jump into the list, let’s explain what insurance policy management services really are. In a nutshell, these apps work as a tool to handle policies on offers. They manage policies lifecycles. Things like initial offers, signing, individual contract terms, billings, workflows, etc. 

What can be called an insurance policy management app?

A product like this should process and manage a full lifecycle insurance distribution and policies. Both historical and ongoing. It should offer an option to update policy records, as well as generate reports about specific policies or groups of them. Features like rating, binding, endorsements, and quoting are also important. 

Best products manage insurance policies with a twist. They are browser-independent but have a web-based core. This model gives the entire system a boost, providing needed technological and operational flexibility. If you want to build such an app, make sure that insurance software development specialists can help you with that.

How modern policy administration systems should look like?

In the past, insurance policy management system projects were built with an “all or nothing” type of mentality. Meaning that applications were heavy non-customizable, inflexible and expensive. Today, it all changes rapidly.

Modern insurance policy management products adopt microservices architecture and are hosted in the cloud. That provides not only technological but also business options. It’s easier to scale the product and secure additional processing power. Applications also work and exchange data with the best insurance compliance software. In case of a legal or compliance audit, you’re covered. More importantly, you build trust and showcase transparency, which is imperative in FinTech.

With the cloud and microservices, you also decrease time-to-market. For the initial product and additional features that might be implemented along the way. Don’t hesitate if a good idea comes to mind during the development process. Today, engineers can work on an open heart. Just make sure you dive into our list of top cybersecurity insurance providers. Compliance and security are a must.

How to effectively manage insurance policies?

Browse our list of policy administration systems and decide for yourself. With previously mentioned technologies, you can put the application on the market right away, even as a minimum viable product (MVP). Then, you can expand. Maybe this list will inspire you to develop your own application?

The list of insurance policy management software

1

Applied Epic

250+ Employees
University Park, United States
Est. 1983
Applied Epic is the industrys most technologically advanced, flexible and secure cloud-based agency management system, providing powerful automation capabilities and a greater level of visibility across an entire book of business. The system offers a single, open application with integrated capabilities to efficiently manage customer relationships, policy and benefits administration, sales automation, and financial accounting processes.
Specialities
  • Software Development
  • Agency Management Software
  • Brokerage Management Software
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2

Collaborus Cloud

250+ Employees
Shanghai, China
Est. 2000
Collaborus Cloud is a full lifecycle insurance distribution and policy processing platform.
Specialities
  • Digital Solutions for Insurance
  • Insurance Core Suites
  • Open API Platform for Connected Insurance
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3

EbixEnterprise

250+ Employees
Johns Creek, United States
Est. 1976
EbixEnterprise is uniquely structured-in Business Blocks, allowing you to change coverage categories as your book of business changes. And every block is built on the powerful EbixEnterprise Claims LX Foundation, with online enrollment and eligibility management, remote access capabilities, and advanced reporting and business intelligence.
Specialities
  • Insurance Carrier Systems
  • Insurance Certificate Management
  • Risk Management
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4

equisoft/manage

250+ Employees
Montréal, Canada
Est. 1994
Equisoft/manage is a SaaS policy administration solution using low-risk, production ready digital business processes.
Specialities
  • Financial Needs Analysis
  • Insurance Illustrations
  • Wealth Management
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5

ESKA Insures

250+ Employees
Amman, Jordan
Est. 2000
It stands in a unique position for its innovation, powerful core business expertise, integrated support systems, and quality of service.
Specialities
  • Enterprise Resource Planning System
  • Insurance Systems
  • Content Management Systems
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6

Instec Policy

250+ Employees
Naperville, United States
Est. 1982
INSolves Policy Administration Suite (IPAS) offers enhanced policy management that not only administers but also helps automate the complete lifecycle of an insurance policy.
Specialities
  • Policy Administration Systems
  • Commercial Insurance Systems
  • Insurance Underwriting Systems
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7

InsuranceFaces

250+ Employees
Cardiff, United Kingdom
Est. 1979
Full cycle policy administration including claims management.
Specialities
  • Business Process Management
  • Outsourced Loan Servicing
  • Lending Software
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8

InsureEdge

250+ Employees
Princeton, United States
Est. 1996
InsureEdge is an all-in-one insurance software that helps Insurers deliver a connected, relevant, and seamless experience to customers while empowering their employees, agents, and partners to do what they do best. It orchestrates a unified platform that eliminates the need for disparate IT systems generating operational efficiency, and cost savings. Leading insurance companies worldwide use InsureEdge across multiple lines of businesses, including P&C Insurance, Life Insurance, and General Insurance streamlining their policy management, claim management, document management, CRM and agency portal.
Specialities
  • Product Management
  • Remote Infrastructure Management Services
  • Digital Marketing
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9

IVANS Bookroll

250+ Employees
Tampa, United States
Est. 1983
IVANS Bookroll makes the book transfer process easier for insurers and agents by enabling collaboration on bookroll via IVANS Exchange, and then managing the gathering, translation, and delivery of policy data to your IVANS Bookroll mailbox without requiring additional input from your agency partners. Leveraging IVANS innovation and service expertise, IVANS Bookroll allows insurers to easily receive and evaluate agencies’ book of business data – regardless of agency management system, so you can grow and analyze your book of business as you expand relationships, appoint new agents or enter new markets.
Specialities
  • Network and Data Solutions
  • Cloud-based Software
  • Commercial Insurance Software
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10

IVANS Download

250+ Employees
Tampa, United States
Est. 1983
IVANS Download automates the exchange of critical policy-related information to ensure the most up-to-date information is instantly available at the moment you need it.
Specialities
  • Network and Data Solutions
  • Cloud-based Software
  • Commercial Insurance Software
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11

IVANS Inquiry

250+ Employees
Tampa, United States
Est. 1983
IVANS Inquiry is an end-to-end integrated solution that enables your agency to securely retrieve insurance company account status information.
Specialities
  • Network and Data Solutions
  • Cloud-based Software
  • Commercial Insurance Software
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12

Mantacore CS

250+ Employees
Utrecht, Netherlands
Est. 2012
Mantacore CS is a comprehensive administrative insurance system developed to meet the needs of insurance companies and their customers.
Specialities
  • Insurance Software
  • Pension Software
  • Legacy Replacement
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13

Oracle Insurance Policy Administration

250+ Employees
Austin, United States
Est. 1977
Oracle Insurance Policy Administration for Life and Annuity helps insurers improve service while optimizing business performance.
Specialities
  • Business Intelligence
  • Database
  • Server and Storage Systems
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14

Origami Risk Insurance and Risk Management Solutions

250+ Employees
Chicago, United States
Est. 2009
Origami Risk is a highly configurable, integrated SaaS platform for insurance, risk, safety, and compliance management. Origami Risk provides organizations with a centralized system to automate critical workflows, collect data, leverage analytics, and engage with stakeholders. Origami’s P&C Insurance solution includes policy administration, rating, and billing; claims administration; loss control; analytics, dashboards, and reporting. Origami’s Risk Management solution unifies insurable and non-insurable risk data and automates risk, audit, compliance, health & safety processes, helping you achieve control, visibility, improved efficiency, and the power to proactively manage your complete risk environment. The most experienced service team in the industry ensures that client success is our central focus.
Specialities
  • Risk Management
  • Incident Collection and Tracking
  • Policy Management
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15

Sapiens PolicyPro

250+ Employees
Holon, Israel
Est. 1982
Sapiens PolicyPro for Property & Casualty (formerly Adaptik Policy) is part of the Sapiens CoreSuite for Property & Casualty and is a scalable and configurable quote, submission and policy management system. PolicyPro is used by agents, underwriters and customers to quote, issue and administer policies, including integration with third-party systems. PolicyPro provides comprehensive policy lifecycle support for all P&C lines of business. It offers support for internal users, as well as agent and direct-to-consumer channels. It provides role-based processing, quick quotes and full application data capture flows, as well as configured, straight-through processing. Complete quote, issue, bind and service functionality includes “what-if?” scenario building.
Specialities
  • Insurance Software Solutions
  • Innovative Business Decisions Management System
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16

Vue Wrap-Up Administration

250+ Employees
Denver, United States
Est. 1969
VUE Wrap-Up is the leading OCIP/CCIP administration technology platform designed to automate and streamline the administration of controlled insurance programs for the construction industry.
Specialities
  • Artificial Intelligence
  • Insurtech
  • Agency Management System
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17

BriteCore

50-249 Employees
Springfield, United States
Est. 2009
BriteCore is a fully-managed core software platform for property and casualty insurers that supports digital transformation, emerging technologies, and new business models. BriteCore offers end-to-end insurance capabilities, including policy administration, claims management, underwriting rules, and rating, agent quoting and inquiry, contact management, billing, imaging, printing, data warehousing, and reporting. Designed as a cloud-native solution, BriteCore is deployed using Amazon Web Services and is continually updated for maximum security, efficiency, and durability at scale. Insurance carriers, MGAs, and InsurTechs partner with BriteCore to gain a competitive edge through efficient operations, compelling customer experiences, and speed to market. For more information, please visit www.britecore.com.
Specialities
  • Insurance Processing Systems
  • Custom Software
  • Policy Processing
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18

EZLynx

50-249 Employees
Lewisville, United States
Est. 2003
Leading insurance software single platform solutions including the cloud-based EZLynx Rating Engine and EZLynx Management System.
Specialities
  • Insurance Software
  • Cloud-based Software
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19

FirstGen

50-249 Employees
Singapore, Singapore
Est. 1988
Core General Insurance Policy Administrative System.
Specialities
  • Core Policy Administration System
  • Life Insurance Software Solution
  • ReInsurance Software Solution
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20

INSIS

50-249 Employees
Munich, Germany
Est. 1990
Information system for all fields of insurance; policy administration and claims settlement.
Specialities
  • Insurance Services
  • Software Solutions for Insurance
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21

InsPro Enterprise Platform

50-249 Employees
Eddystone, United States
Est. 1986
InsPro Enterprise™ is an end-to-end insurance policy administration suite that helps you administer a full spectrum of products, expedite new product launches, and serve customers, members, and agents more efficiently. Engineered to be highly flexible, the system comes fully loaded with preconfigured, product-specific templates that allow configuration analysts to perform everyday tasks. InsPro Enterprise includes system functions that are core (for operational areas) or cross-functional (to support or extend core functionality). Although the system provides a total solution, it also accommodates clients who prefer to interface with their current third-party or homegrown solutions (for example, claims, agent compensation, or portals).
Specialities
  • Insurance Policy Administration
  • Insurtech
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22

Silvervine Policy Administration

50-249 Employees
Warner Robins, United States
Est. 1996
Real-time internet/intranet ready policy management solution for the Insurance industry.
Specialities
  • Insurance Software Solutions
  • Core Administration
  • Insurance Processing
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23

Zelros

50-249 Employees
Paris, France
Est. 2016
Zelros is the first AI software dedicated to the insurance distribution of tomorrow. Leveraging intelligent data, Zelros provides insurers’ sales and digital marketing teams with the customer intelligence they need to create seamless and personalized experiences on any channel.
Specialities
  • Insurtech
  • Machine Learning
  • Insurance
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24

Agency Master

10-49 Employees
Rancho Palos Verdes, United States
Est. 1995
Software for accounting, agency billing, premium finance, return premium, commission, account current specialists, and ACORD Forms.
Specialities
  • Agency Management Systems
  • Insurance Agency Management
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25

AgencySmart

10-49 Employees
Fairfield, United States
Est. 1999
AgencySmart is an “all-in-one” cloud-based solution designed for general agents and retail brokers who sell employee benefits, insurance products, financial services and other industry related products (payroll, HR and consulting) to the commercial and individual marketplace. From data management to on-boarding and benefit enrollment, AgencySmart solves the problem of using multiple systems to manage your business. AgencySmart saves time, reduces labor cost and adds efficiencies that can make your agency more profitable.
Specialities
  • Insurance
  • Small Group Medical
  • Online Enrollment
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26

BindHQ

10-49 Employees
New York, United States
Est. 2018
BindHQ is a SaaS technology provider focused on building and delivering the software, tools, products and insights required to supercharge the performance of MGAs, MGUs & Wholesalers. As an all-in-one cloud-based solution, BindHQ enables its users to work any time, anywhere, and on any device, and provides configurable and intuitive business workflows that reflect how specialty insurance intermediaries need to conduct business in the 21st century. With a robust reporting capability, fully integrated accounting and compliance modules, and modern user interface designed for simplicity, BindHQ empowers agency owners to transform the way they do business. BindHQ platform currently processes over $400 million in transactions each year for some of North America’s fastest growing insurance wholesale intermediaries.
Specialities
  • Specialty Insurance
  • Workflow Management
  • Task Automation
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27

GO-INSUR

10-49 Employees
London, United Kingdom
Est. 2003
Get new products to market faster, unlock revenue quicker and achieve greater ROI with GO-INSUR – an innovative digital insurance platform. GO-INSUR is the go-to Quote & Buy solution for insurers, brokers and MGAs, enabling insurance businesses to leave their cumbersome legacy systems behind, and embrace a cloud-based policy administration system that’s agile, robust and rapidly scalable. Built by one of the UK’s leading digital insurance specialists whose existing client base includes Marsh, Legal & General, British Friendly and Hiscox, GO-INSUR gives your business total control and the confidence to create, manage and distribute new products to market rapidly, enabling accelerated growth, increased profit margins and lower distribution costs. Our agile approach to building insurance policy software, means your business will benefit from a modular Quote & Buy platform that’s fully responsive and easily configurable, plus our applied design thinking expertise ensures your policy admin system offers a seamless customer journey and enhanced UX – for both underwriters and customers. Boasting a slick design and user-friendly interface, GO-INSUR provides insurers with a cutting-edge quotation engine that offers limitless-scale and intelligent API integrations with well-known back-office and payment gateways, enabling your business to rapidly grow and respond to changing market conditions with a more flexible, efficient PAS. As a customer and broker portal, GO-INSUR enables you to sell policies direct to the customer or via a broker, and incorporates intelligent commission controls that allow you to allocate and track policy purchases. Our highly cost-effective SaaS model enables insurance firms to manage and implement omnichannel products with ease from a single self-service portal, that offers an optimised quotation process with fully automated quotes and email communications. Adapt your insurance business to the 21st century with GO-INSUR, and discover how an agile approach to digital insurance can drive innovation, enhance customer experience, and place your products ahead of the competition.
Specialities
  • Insurance Software
  • Digital Transformation
  • Service Design
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28

NIS – Cloud based insurance software for automated insurance administrations /management

10-49 Employees
Bergen, Norway
Est. 1996
NIS is a low cost license software for any insurance concept! It is 100% built as a web based cloud solution, meaning it´s fully operational on any device (pc/pad/mobile) anywhere, with an internet connection. It is built and hosted on Microsoft cloud platform: MS Azure, so it´s scalable to any needs/size for automated growth. A selection of NIS moduls – They are all connected for automated interaction, but can also be operated individually: Policy administration (with automated renewal) Broker administration Billing Sales portal Customer portal Risk supplier portal Tailor-made reports Engines (Price, UW, Commission, etc.) Claims handling administration Claims supplier portal How automated do you want your administration to be? It varies, but the set up for one of our clients gave them a proximately 90% automated insurance administration. Their growth is incredible.
Specialities
  • Insurance System
  • Human Resource Planning System
  • Licence Software Solution
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29

PSWeb

10-49 Employees
Mt. Arlington, United States
Est. 1982
Allows users to enter applications, rate, track and administer your property/casualty book of business.
Specialities
  • Property and Casualty Insurance Software
  • Agency Rating
  • Business Intelligence
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30

QLAdmin

10-49 Employees
Austin, United States
Est. 1988
Serving small to mid-sized life insurance companies with proven, reliable and intuitive policy administration solutions since 1988. Nearly 50 companies trust QLAdmin for expert processing of their traditional life, health and annuity business. Also offering an out-of-the-box solutions for Medicare Supplement claims auto-adjudication for all plans in every state.
Specialities
  • Life Insurance Solutions
  • Health Claims Adjudication
  • Insurance Policy Administration
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31

SimpleInsure

10-49 Employees
Pennington, United States
Est. 2000
From managing policy information to establishing unique business rules, this suite is designed to be user-friendly.
Specialities
  • Policy Administration Software
  • New Technology Platform Implementations
  • Data Conversions
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32

Survey2Connect

10-49 Employees
Gurgaon, India
Est. 2017
Survey2Connect’s vision is to be best in class research platform which helps everyone in the organization make smarter and informed decisions hence improving the experiences organizations provide to every stakeholder. The platform helps organizations capture feedback at multiple touchpoints, understand it in real-time, and deliver insights.
Specialities
  • Enterprise Feedback Management
  • Employee Feedback
  • Customer Experience
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33

T3 CORE

10-49 Employees
Milford, United States
Est. 1995
T3 CORE policy administration system facilitates all aspects of the Annuity and Life Insurance policy issuing and management process.
Specialities
  • Business Analytics Dashboards
  • Financial Business Applications
  • Software Development
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34

Forms Anywhere

1-9 Employees
Lynnfield, United States
Est. 1987
Allows agencies to keep track of their policy renewals and analyze their entire book of business.
Specialities
  • Insurance Brokerages
  • Risk Management
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35

QUILT

1-9 Employees
Washington, United States
Est. 2003
QUILT means Quality Insurance Transactions and it is stitching together disconnected insurance system processes and implementing an insurance industry communications standard. With QUILT, the InsuranceIsland infrastructure enables both carriers and independent agencies to not only share data, but to also process real-time insurance transactions, such as quotes, renewals, New Business and other electronic communication.
Specialities
  • Business Oweners Insurance
  • Home Insurance
  • Professional Liability
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36

QwikSubmit

1-9 Employees
Missoula, United States
Est. 2016
A web-based Submission solution built for Independent Insurance Agents and General Agencies.
Specialities
  • Premium Financing
  • User Experience
  • InsurTech
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37

RedHead Mobile Apps

1-9 Employees
Post Falls, United States
Est. 2012
Mobile app designed to increase retention rate and automate day to day tasks such as Certificate Requests and Policy Changes.
Specialities
  • Apps Development
  • Insurance Agency Software
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