TransACT is a set of powerful policy administration extensions for Duck Creek's Server.
Our solution provides out-of-the-box rule and workflow support for new business, such as: Bind, Book, Issue, Cancel, Cancel-Pending, Endorse, Final Audit, Information, Non-Renew, Reinstate, Reissue, Renew, Renewal Change, Rescind Cancel-Pending, Rescind Endorse, Rescind Non-Renew, Revise, Revised Final Audit, Rewrite and Void Final Audit.
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Features & Benefits
- Easy customization to meet company's specific rules and workflow needs
- Custom transaction definitions to support specific processing needs
- Reconciliation of out-of-sequence endorsements, final audit automation, process batch renewal process and future endorsement scheduling
- Data feeds to billing, data warehouses and other downstream systems
- Agents with binding authority only when risks meet specific requirements
- Approval creation and declination limits for individual underwriters
- Auditors with a customized work environment
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