Policy Administration System (PAS)

A Policy Administration System (PAS) is a platform that manages and automates core processes across the insurance policy lifecycle. It covers quoting, issuance, policy servicing, renewal, and termination, helping insurers streamline workflows and run operations with less manual work.

Example

An insurance company may use a PAS to automate quote generation for prospective customers. When a customer applies for a policy, the PAS uses predefined rules and calculations to determine the right premium based on the customer's risk profile. The system can also support policy issuance, manage policy changes and renewals, and handle cancellations, which improves operational efficiency and customer service.

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