Overview
AQS Advantage is a robust commercial lines policy administration system with a modern component-oriented architecture that supports all transactions, for all lines of business – including specialty lines – in all 50 states. It’s a real industrial strength solution that’s scalable for large carriers and large volumes of transactions.
Advantage streamlines workflow, enhances distribution channels, increases speed to market, decreases costs, and improves your bottom line. It’s easy to learn and use. So you can deploy the web-based interface internally or in the field.
AQS Advantage is built on modern component technology using a .NET software framework. In a fully functioning production environment, this system rapidly processes and manages billions in premiums in a single production location, with thousands of remote agents. It supports the processing of large policies containing thousands of locations, vehicles and entities.
Business Impact
-
Get products to market faster with a system designed for rapid, cost-effective deployment of commercial and specialty insurance programs.
-
Successfully process policy premium volumes of over $1 billion (as proven in a production environment).
-
Increase your operational efficiency with solutions that meet the highest processing standards and that support a high level of user effectiveness.
-
Increased profitability through a complete suite of components that works for all commercial lines, including specialty, in all 50 states.
Components
Advantage Policy: processes the entire policy life cycle, from quotes and new business policy issue, renewals, changes (including out-of-sequence), and cancellations, to reinstatement and audits as well as non-renewals. It also includes Advantage Rating—a robust, flexible engine that processes large policies with thousands of locations, vehicles and entities. More.
Advantage Product Configuration: tools and utilities that help you develop and maintain rates, factors, rating algorithms and documents. More.
Advantage Document Management: a complete document solution that automates declarations, schedules, and forms. More.
Enterprise Integration: a policy management solution that is the core of your company’s enterprise services. AQS’ ACORD-compliant, XML-based Transaction Gateway makes it easy to interface with agency portals, agency management systems, and comparative raters. AQS Integrator provides for synchronous messaging with billing and claims systems and provides for easy integration with data warehouse solutions. More.
Additional Components
Statistical Reporting: supports generation for ISO and NCCI statistical data in the required bureau formats.
Click here to see Lines of businesses supported by Advantage.