Andesa Policy Administration System

Andesa Policy Administration System

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Overview

Andesa Policy Administration System manages individual and group life insurance and annuity policies through modular capabilities for product configuration, processing, reporting, and policy servicing. While its strengths appear concentrated in back-office administration and may require additional digital engagement tools, its broad product support can help insurers simplify policy management.

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Starting Price
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Andesa Policy Administration System Specifications

  • Policy Management
  • Customer Portal
  • Reporting And Analytics
  • Document Management

Andesa Policy Administration System Features

Transaction-Based Policy Administration

Andesa Policy Administration System features a transaction-based framework to manage product configuration, policy issuance, and ongoing policy lifecycle events. The platform supports both financial and non-financial transactions, enabling carriers to administer individual and group insurance products while maintaining detailed policy histories across open and closed blocks of business.

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Broad Life And Annuity Product Support

The platform supports a wide range of insurance products, including term life, whole life, universal life, variable universal life, structured settlements, private placement products, and multiple annuity types. This breadth allows insurers to administer diverse product portfolios within a single administration environment.

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Illustration Management

Andesa provides pre-sale and in-force illustration capabilities for individual and group life insurance products. These projections can be accessed through a secure cloud environment and may operate independently or alongside the broader administration ecosystem, helping insurers and distributors support policy planning activities.

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Electronic New Business Processing

The New Business Processing portal enables electronic application submissions and group enrollments with e-signature support. By digitizing application intake and reducing reliance on manual processes, the module helps carriers standardize how new business information is collected and processed.

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Policy Inquiry Tools

Andesa offers a web-based Policy Inquiry module that provides daily access to case, division, and policy information. Customer service teams, distributors, and administrative staff can review policy statuses and historical transaction records without relying on separate information sources.

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Legacy Policy Conversions

The platform includes an advanced conversion engine designed to migrate policy blocks from legacy administration systems. Through custom data mapping and validation processes, insurers can transfer historical policy information into Andesa's cloud-based environment during modernization or consolidation initiatives.

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Policy Owner Self-Service

The Policy Owner Self-Service portal enables policyholders to independently perform routine servicing activities and access policy information. The portal is delivered through a secure cloud environment and supports ongoing policy management while reducing dependence on carrier service teams for everyday requests.

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Cloud-Based Deployment

Andesa Policy Administration System is hosted in a secure, private cloud environment that centralizes policy administration, reporting, and self-service activities. This deployment approach allows authorized users to access policy information and administrative tools remotely while maintaining a unified operating environment.

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Pros And Cons of Andesa Policy Administration System

Pros

  • Supports both open and closed life insurance policy blocks in one system

  • Includes legacy policy conversion tools with custom data mapping support

  • Offers integrated illustrations for pre-sale and in-force projections

  • Provides policyholder self-service to handle routine servicing requests

Cons

  • Primarily focused on life and annuity products rather than multi-line P&C

  • Advanced digital engagement capabilities may require external solutions

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Frequently Asked Questions

Does Andesa Policy Administration System offer an API?

The vendor has not disclosed any information regarding its API.

What language does Andesa Policy Administration System support?

Andesa Policy Administration System is available in English.

What level of support does Andesa Policy Administration System offer?

Andesa can be contacted by phone or through the official contact form. The company also offers separate Third-Party Administration and Product Support services.

Does Andesa Policy Administration System have a mobile app?

Andesa Policy Administration System does not offer a mobile app.

What other apps does Andesa Policy Administration System integrate with?

The vendor has not disclosed any information regarding its third-party information.

Who are the typical users of Andesa Policy Administration System?

Andesa Policy Administration System is used by life insurers, insurance brokers, advanced market providers, legacy business administrators, customer service teams, and policyholders managing routine policy activities.

What types of pricing plans does Andesa Policy Administration System offer?

Andesa Policy Administration System pricing is estimated to range from $250,000 to $3,000,000+ per year, depending on the insurer's size, policy volumes, selected functionalities, deployment scope, and customization requirements. You can request a personalized Andesa Policy Administration System cost quote for your business today.