PLP Risk

PLP Risk is a powerful solution combining policy and claims administration of personal life risk insurances. Policy sales and lifecycle management together with claims handling are at the very core of our system with modern abilities to automate, integrate and adapt to customers’ digitalization and omnichannel strategies. PLP Risk is a high demand and natural extension to our PLP Savings offering within the life insurance market.

For whom

PLP Risk is a solution for life and pension insurers issuing policies with personal life risk covers. Based on our strong expertise within the Life & Pension sector, we offer a core solution for managing personal risk policies and attached claims.

The solution offers:

  • Effective administration of products, policies, and claims
  • Short time to market
  • Enhancements to the digital customer journey
  • Streamlined business processes
  • Process automation of daily operations, such as rules-based claims handling

 

Benefits

Flexible product management

 

Automated policy management processes

Support for products combining life risk covers and saving

Automated claims handling processes

 

Extensive support for product variation and branding for sales channels

 

Fully compliant with EU regulation

Key features

  • Parametric product structures and flexible business rules
  • Extensive list of supported covers: death, critical illness, permanent disability, permanent handicap, temporary disability and more
  • Support for individual, joint and group policies
  • Claims management handling single, recurring and expense claim payments
  • Complete lifecycle management for policies and claims with integrations to dependent services
  • Extensive service API’s supporting digital services and process automation
  • Proven policy migration services for converting legacy policy data.

Download whitepaper

Our whitepaper A digital solution for Swedish occupational pension, describes what Tjänstepension is about and how Profit Life & Pension, as a core policy administration system, supports the transition to digitize the customer journey and increases business efficiency through automation.

Download our whitepaper.

Interested? Please contact us at sales@profitsoftware.com