Insurers and Reinsurers

To address the needs of the P&C insurers, Tripod has developed solutions and solution accelerator frameworks that streamline underwriting and operations, reduce operating expenses, increase profitability, and enhance customer service.

	Underwriting System for Specialty Lines: The system streamlines and automates underwriting functions, supports all policy life-cycle transactions including new business, renewals, rewrites, mid-term endorsements, cancellations (non-payment, underwriting reasons, insured requests, rewrites), reinstatements, ERP issuance, etc., thus minimizing drastically, if not eliminating, the involvement of underwriting and actuarial staff.
	Producer Administration System: Tripod’s Producer Administration System offers rich functionality that helps in streamlining the operations of appointing and managing producers and facilitates effective marketing campaigns to enhance distribution channel effectiveness. Producer appointments and administration are not in themselves revenue-generating and hence automation and integration are essential to reduce expenses and to improve efficiencies.
	Compliance Management System: Insurers who have “compliance frameworks” in place that adapt to changing regulatory environment easily are positioned for increased profitability and reduced expenses (including penalties for non-compliance) when compared to insurers that tackle compliance projects one at a time, reacting to new regulations with individual initiatives. Tripod’s compliance management framework provides a strong foundation for implementing and managing regulatory compliance.
	Information Exchange Portal for National Accounts business: Managing national accounts business is extremely challenging due to the “custom” and “innovative” nature of risk financing and risk management solutions and alternative risk approaches offered by the insurers to the national account customers and due to the geographically distributed nature of the individuals at those customers who need secure access to information related to coverage, claims, safety/loss control, actuarial and administrative services. Tripod’s Information Exchange Portal for National Accounts offers insurers an integrated and powerful solution to efficiently manage national account business.

Brokers

To enhance the client relationships of Insurance Agencies/Brokers and to reduce operating expenses and increase profitability, Tripod has developed the following solutions:

Risk Management Solution: Helps brokers and agencies to play a critical role in the overall risk management strategy of their customers.