Equinox: Difference between revisions
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# Online Quotes | # Online Quotes | ||
# Online Applications | # Online Applications | ||
# Complete Underwriting Virtual Back Office (VBO) | # Complete Underwriting Virtual Back Office (VBO) | ||
# Electronic and printed document management and distribution (dec pages, billings, EOB, etc.) | # Electronic and printed document management and distribution (dec pages, billings, EOB, etc.) | ||
# Real time policy Issuance | # Real time policy Issuance | ||
# Real time policy maintenance (endorsements, renewals, etc.) | # Real time policy maintenance (endorsements, renewals, etc.) | ||
# Premium collection (mortgage company and insured paper check collection, electronic payments (ach, credit card, wire.), etc.) | # Premium collection (mortgage company and insured paper check collection, electronic payments (ach, credit card, wire.), etc.) | ||
# Full Claims processing VBO, including reporting/FNOL, Adjuster assignment, Reserve setting and adjustments, and reporting. | # Full Claims processing VBO, including reporting/FNOL, Adjuster assignment, Reserve setting and adjustments, and reporting. | ||
# Automated outgoing payments (policy refunds, claims payments, adjuster payments) | # Automated outgoing payments (policy refunds, claims payments, adjuster payments) | ||
# Operational and financial reporting (written premium reports, accounts receivable reports, claims payments and reserve reports, claims outstanding, policy and premiums in force, etc.) | # Operational and financial reporting (written premium reports, accounts receivable reports, claims payments and reserve reports, claims outstanding, policy and premiums in force, etc.) | ||
Revision as of 15:35, 9 December 2024
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This page is a rough draft and will need more work before it's finalized. |
Equinox Overview
Equinox (EQ) is a P&C and Flood insurance policy and claims management system. All policy lifecycle functions are performed on one fully integrated, cloud-based platform. The platform supports both agency and consumer direct sales/service models.
Key Integrated Processes
- Online Quotes
- Online Applications
- Complete Underwriting Virtual Back Office (VBO)
- Electronic and printed document management and distribution (dec pages, billings, EOB, etc.)
- Real time policy Issuance
- Real time policy maintenance (endorsements, renewals, etc.)
- Premium collection (mortgage company and insured paper check collection, electronic payments (ach, credit card, wire.), etc.)
- Full Claims processing VBO, including reporting/FNOL, Adjuster assignment, Reserve setting and adjustments, and reporting.
- Automated outgoing payments (policy refunds, claims payments, adjuster payments)
- Operational and financial reporting (written premium reports, accounts receivable reports, claims payments and reserve reports, claims outstanding, policy and premiums in force, etc.)
Flood Insurance
- Create NFIP Application
- Make Policy Changes
- Equinox Policy Documents
- Make Payments
- Submit FNOL
- Cancel NFIP Policy
- Policy Screen