Building A Strong Digital Foundation for Your Business
Technology is changing the way insurance is bought, sold, and administered, forcing many homeowner insurers to reinvent their business. As a way of reducing operational costs, improving profits, and performing with resilience and speed, homeowner insurance companies are accelerating their pace of digital transformation.
Beyontec’s policy and claim administration system, The Beyontec Suite, is a fully developed, highly configurable, multi-line administration solution for the Homeowners insurance industry. Beyontec Suite implements quickly with secure, scalable web delivery, enabling reduced time-to-market for new products, new states, and new lines of business.
Beyontec Suite allows you to keep up with shifting business trends with a core solution that is configured with industry-specific products that meet the majority of homeowners insurance needs.
Beyontec Suite comes with pre-configured products, making it easy to launch new products and modify existing products as per market needs.
Beyontec Suite provides a comprehensive set of solutions that include pre-configured products, cloud infrastructure, portals, and accelerator tools.
Driven by a powerful rules engine, Beyontec Suite offers a catalog of business rules influenced by existing Beyontec clients.
Comprehensive Rating Engine
Beyontec Suite’s comprehensive rating engine allows homeowner insurers to configure their own rating variances and systematically apply surcharges and credits based on risk.
Integrated General Ledger
Beyontec Suite offers an integrated general ledger package for managing financial accounting and reporting. The ledger includes invoice generation and check printing.
Integrated Document Management
Beyontec Suite provides a central repository of all policy and claim documents and attachments, created by the system and those manually initiated.
Location-Based Risk Accumulation
Beyontec Suite’s Risk Accumulation Tool enables insurers to accurately review, analyze, and underwrite individual and accumulated risks by geographic location.
Flexible Payment Methods
Beyontec Suite offers insurer specific payment options and payment types including cash, check, credit card, debit card, ACH, and EFT.
Efficient Third-party Interfaces
Beyontec Suite integrates with data sources like OFAC, address verification services, geographic services, license bureaus, and violation and accident reporting vendors to validate risk profiles and allow informed decisions about risk acceptance and claim settlement.
Beyontec Suite tracks new, pending, and backlogged tasks and notifies agents, insureds, and employees of pending activities through a variety of workbaskets and automated communication.
Complete Claims Management
Beyontec Suite offers complete claims management functionality with automatic verification of policy coverages based on loss date and activity and role-based workbaskets designed to encourage appropriate and timely actions.
Beyontec Suite’s built-in configuration toolkit allows homeowner insurers to manage day-to-day changes to products, workflows, rating, and underwriting rules.