Capterra Glossary
Life Insurance Policy Administration Systems
Life Insurance Policy Administration Systems are software that can be used to manage new or existing insurance policies and services. They allow administrators of policies to maintain their clients' records and have easy access to this information.
What Small and Midsize Businesses Need to Know About Life Insurance Policy Administration Systems
SMBs interact with insurance policy administration systems whenever they update a policy for an employee or the company or pull information like costs and features to create new policies.
Related Terms
- Compound Annual Growth Rate (CAGR)
- Financial Planning and Analysis (FP&A)
- Selling General and Administrative (SG&A) Expenses
- Hedge Fund
- Gateway
- Record to Report (R2R)
- ROIT (Return on Information Technology)
- Chief Revenue Officer (CRO)
- SAC (Subscriber Acquisition Cost)
- ROE (Return on Equity)
- Tokenization
- Net Present Value
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling