Non-Standard Auto Insurance
Reduce the Risk Inherent with Insuring Non-Standard Auto
High risk and loss severity are common challenges for non-standard auto insurers. The need to apply more stringent risk selection guidelines, disciplined underwriting, and strategic pricing makes digital technology and automated processes critical in this market.
Product Highlights
Beyontec Suite offers a cloud-based, workflow-driven, configurable solution for the end-to-end operational demands of the non-standard auto industry. It increases operational agility and efficiency by reducing manual processes and by providing risk selections through innovative technology offerings.
Cloud-Based Solutions
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 non-standard auto insurance needs.
Highly Secure and Scalable
Beyontec Suite enables authorized users to securely access application data and define and manage users, groups, access rights, and authorities while implementing maker-checker compliance.
Portal-Driven
Beyontec Suite establishes an online presence and extends business activities to the web. It serves more customers by interconnecting policyholders, agents, and other business partners.
Efficient Third-Party Interfaces
Beyontec Suite comes with a set of pre-built APIs that easily integrate with data sources such as OFAC, license bureaus, and violation and accident reporting vendors.
Comprehensive Rating Engine
Beyontec Suite’s comprehensive rating engine allows insurers to configure their own rating variances based on third-party interfaces and systematically applies multiple surcharges and credits based on the risk.
Pre-Configured Auto Products
Beyontec Suite comes with pre-configured products for the non-standard auto market increasing speed to market.
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.
Flexible Payment Methods
Beyontec Suite offers insurer specific payment options and payment types including cash, check, credit card, debit card, ACH, and EFT.
Automated Underwriting
Beyontec Suite offers a catalog of business rules influenced by existing non-standard auto insurer clients and driven by a powerful business rules engine.
Configuration Toolkit
Beyontec Suite’s built-in configuration toolkit allows non-standard auto insurers to manage the day-to-day changes to products, workflows, rating, and underwriting rules using fully integrated tools.
Reporting
Beyontec Suite provides standardized reports specific to non-standard auto insurers including interactive regulatory reporting for government agencies.
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.
Embedded E-Signature Functionality
Beyontec Suite provides embedded E-signature functionality to facilitate the signing of pertinent documents at multiple levels based on workflows defined by the insurer.
