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.
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
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
- 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.
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.