Policy Administration System – Host-to-Host Integration
The Policy Administration System enables real-time, automated management of insurance policies through direct host-to-host integration with core banking systems, payment gateways, agency portals, and third-party services.
Purpose of Host-to-Host
- Enable instant issuance, updates, and cancellations of insurance policies between systems.
- Automate communication with banks, agents, and partner systems without manual intervention.
- Ensure synchronized policy data across all platforms.
Integration Workflow Example
A customer purchases a policy through a bank's online portal → The bank's system transmits the policy data via secure host-to-host connection → The Policy Administration System instantly processes and issues the policy → Confirmation is sent back to the bank's portal in real time.
Key Host-to-Host Capabilities
- Secure, encrypted data exchange using industry-standard protocols.
- Real-time policy status updates to partner systems.
- Automated error handling and reconciliation logs.
- Scalable architecture for handling high transaction volumes.
