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Policy Administration Solutions, Inc.

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New York, NY
Policy Administration Solutions, Inc.

Policy Administration Solutions is your insurance and technology expert. Each product can be configured to run your business end to end.
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Designed for today's challenging insurance marketplace, our automation solutions can streamline your business processes and give you a competitive advantage. Founded in 1996, Policy Administration Solutions specializes in state-of-the-art automation solutions for insurance carriers, sureties and large Managing General Agents (MGAs). Our mission is simple: to provide the technology your organizatio

n needs to achieve its goals more efficiently and cost-effectively. PAS core software products are designed to meet the precise needs of the Property and Casualty Insurance industry. At PAS, we pride ourselves on our culture of honesty and integrity. Our extensive technology and business experience in the insurance industry makes us unique. Working collaboratively, our team of skilled specialists applies solid planning and superior ex*****on to every automation project.

11/11/2024

Happy Veteran's Day! 🎖️

Today, we at Policy Administration Solutions salute the brave men and women who have served our nation. Your sacrifice, dedication, and courage inspire us all. 🙏

To all veterans: Thank you for your service. We honor you today and every day. 🫡

10/11/2024

🕯️ As Yom Kippur 2024 approaches, we at Policy Administration Solutions pause to reflect on the importance of forgiveness, renewal, and personal growth. 🙏

On this Day of Atonement, we wish our Jewish colleagues, clients, and friends an easy fast and a meaningful observance. May this time of introspection bring peace and clarity to all. 🕊️

09/24/2024

Discover how Policy Administration Solutions is revolutionizing the insurance industry with AI-powered automation. Our suite of products - pasCarrier.Net, pasClaims.Net, pasBilling.Net, and pasExecutive.Net - streamlines operations for insurance carriers, sureties, and MGAs.

Introducing Policy Administration Solutions:
Where AI meets insurance efficiency

Watch the entertaining video below to learn how to boost efficiency, reduce costs, and enhance customer satisfaction. Visit www.pasolutions.com for more information.

09/11/2024

Today, we stand together in solidarity, reflecting on our shared strength and the enduring spirit that defines us as a nation. Let us use this day to recommit ourselves to building a future of peace, understanding, and mutual respect. 🙏🕊️

08/09/2024

🚨 The CrowdStrike-Microsoft Incident: A Wake-Up Call for Cyber Insurance

🚨As a leading provider of insurance software solutions, Policy Administration Solutions is closely monitoring the fallout from the recent CrowdStrike-Microsoft outage. 💻🔥 This unprecedented event has sent shockwaves through the cybersecurity and insurance industries, highlighting critical vulnerabilities and the far-reaching impact of single points of failure.

Key takeaways for the insurance sector:
1️⃣ Liability Landscape: The incident raises complex questions about liability. With Delta Air Lines seeking $500 million in damages, we're witnessing a potential shift in how liability is determined in tech-related outages. ⚖️💼
2️⃣ Policy Implications: This event will likely trigger claims across multiple insurance lines, including business interruption, contingent business interruption, network restoration, and even D&O coverage. 📊📝
3️⃣ Cyber Insurance Evolution: The estimated $5.4 billion in losses for Fortune 500 companies underscores the need for more comprehensive cyber insurance solutions. Current policies may only cover 10-20% of these losses. 💰🛡️
4️⃣ Risk Assessment: Insurers must reevaluate how they assess and price cyber risks, considering the cascading effects of outages in interconnected systems. 🔍📈
5️⃣ Regulatory Impact: With new SEC rules requiring prompt disclosure of material cybersecurity incidents, insurers need to help clients navigate these reporting obligations. 📢🏛️

As we move forward, it's clear that the insurance industry must adapt. At Policy Administration Solutions, we're committed to developing innovative software solutions that help insurers and businesses better understand, quantify, and mitigate cyber risks in this evolving landscape. 🚀💡

The CrowdStrike-Microsoft incident isn't just a wake-up call—it's a catalyst for change in how we approach cyber insurance. Are you prepared for the next global cyber event? 🌐🛠️

📣 Don't wait for the next cyber crisis to hit! Schedule a free consultation with our experts today to assess your cyber insurance needs and explore our cutting-edge solutions. Click the link in our bio to book your appointment now! https://www.pasolutions.com/contact👆

Click here to read more from this insightful article from a cybersecurity expert: https://lnkd.in/eGftEv6w

https://www.govtech.com/blogs/lohrmann-on-cybersecurity/legal-financial-and-insurance-implications-of-the-crowdstrike-microsoft-incident

07/24/2024

Policy Administration Solutions is excited to announce major enhancements to our flagship insurance carrier software, pasCarrier.Net, specifically boosting our offerings in the highly regulated areas of Contract Surety and Workers Compensation.

Click here to read the full article: https://www.linkedin.com/pulse/policy-administration-solutions-enhances-contract-peter-pantelides-1ynje/?trackingId=cknkfTKyQ2GQtfZ6RQk7Ng%3D%3D

07/04/2024

Wishing a joyous and safe Fourth of July to all our valued clients and dedicated employees at Policy Administration Solutions! 🎆🎆

🇺🇸 May the day be filled with celebration and reflection on the freedoms we cherish. 🎉

07/02/2024

🌟 Transform Your Reinsurance Operations with pasRE.Net! 🌟

🚀 Are you ready to revolutionize your reinsurance management? Introducing pasRE.Net by Policy Administration Solutions Inc. – your end-to-end reinsurance automation solution!

🔍 Why Choose pasRE.Net?

Complete Integration: Seamlessly integrates with your current system or as part of a complete insurance solution.

Real-Time Data: Provides real-time data for increased efficiency and flexibility.

Comprehensive Management: Manages reinsurers, brokers, treaties, premiums, losses, and more!

Automated Notifications: Alerts you when reserve changes approach layer limits.

Versatile Contract Management: Handles all types of contracts including facultative, treaty, quota share, surplus, excess, and more.

👨‍💼 Key Features Include:

Reinsurer and Broker Management

Treaty Management

Reinsurance Program Definition

Premium and Loss Analysis

Reporting

Application of Cash

Schedule F Generation

📈 Boost Efficiency: No more manual data transfers! All integrations are in real-time, keeping you updated with every change as it happens.

🔗 Discover more about how pasRE.Net can transform your reinsurance operations. Visit our website today!

👉 Find Out More: https://www.pasolutions.com/pasrenet

📧 [email protected]

06/11/2024

Policy Administration Solutions is excited to announce groundbreaking enhancements and a major upgrade to pasCarrier.Net: A Game-Changer for Workers Compensation!

These updates are designed to specifically bolster the Worker's Compensation line of business, a sector known for its complexity, stringent regulations, and specialized needs ⚙️.

What's New? Our latest enhancements introduce a suite of powerful features to comprehensively manage Worker's Compensation, including Integration with NCCI and Independent States: Ensuring compliance and up-to-date practices across jurisdictions ️. Comprehensive Coverage Options: Including Worker's Compensation and Volunteer Firefighter Benefits Law (VFBL), with seamless linking capabilities in determining the premium discount. Full Policy Lifecycle Management: From Submission, Quote, Policy, Rating & Issuance to Audits, ensuring a smooth operation ✅. Advanced Reporting: WCPOLS, WCSTAT, Proof of Coverage, First notice of injury, and subsequent notice of injury

Why pasCarrier.Net? In the challenging world of Workers' Compensation, having a tool that not only navigates but excels in managing the intricacies of this line is invaluable. pasCarrier.Net is designed to streamline processes ⏩, ensure regulatory compliance ☑️, and enhance operational efficiency, making it an indispensable asset for insurers.

With these enhancements, pasCarrier.Net sets a new standard for managing Worker's Compensation, offering unparalleled support for insurers to navigate the complexities of this specialized field.

Stay ahead in the highly regulated and specialized field of Workers' Compensation with pasCarrier.Net. For more information on how these enhancements can transform your operations, visit our website: https://lnkd.in/gaUXZ449

05/24/2024

🌟 Happy Memorial Day from Policy Administration Solutions! 🌟

As we enjoy this beautiful day, let's take a moment to remember and honor the brave souls who have served and sacrificed for our freedom.

Their courage and dedication continue to inspire us every day. Today, we reflect on their immense contributions and express our deepest gratitude. 🌹 Stay safe, and enjoy the day with your loved ones! 💙

05/21/2024

Policy Administration Solutions is Excited to Announce Enhancements to pasCarrier.Net: Elevating Contract Surety

Policy Administration Solutions is thrilled to announce significant enhancements to our flagship insurance carrier software, pasCarrier.Net, that specifically enhances our offerings in the highly specialized, regulated areas of Contract Surety.

Understanding the complexity and the need for meticulous regulatory compliance in these lines, pasCarrier.Net now integrates advanced features to streamline and optimize operations, including: Issuing Quotes: Simplifying the process to provide quick, accurate quotes. Bid, Payment, Performance and Payment & Performance Bonds: Offering seamless management and issuance capabilities.

All Bond Type: Facilitating easy issuance and management.

Project Close Out: Streamlining the process to efficiently conclude projects.

Invoicing: Enhancing the billing process for better efficiency and accuracy.

Bonding Program: Ability to manage capacity from reinsurers to the company and from the company to the contractors.

These enhancements underscore our commitment to providing solutions that not only meet but exceed the needs of this challenging sector. By leveraging pasCarrier.Net, businesses in the Surety area can now enjoy a more streamlined, efficient, and compliant operation.

Stay ahead of the curve with pasCarrier.Net, where innovation meets the intricacies of specialized insurance lines.

For more details, visit our website and contact our team today: https://lnkd.in/g63ZJzba

05/03/2024

🌷✨ Happy Greek Orthodox Easter! 🐣🕊️

From all of us at Policy Administration Solutions, we extend our warmest wishes to you and your loved ones as we celebrate this season of renewal and hope.

To our esteemed clients, your continued trust is the very foundation of our success, and we are grateful for our partnership. May this Easter bring joy, health, and prosperity to all.

Χριστός Ανέστη! (Christos Anesti!) - Christ is Risen!

🐇🌸

04/22/2024

Happy Passover from Policy Administration Solutions! 🌟

As we step into the season of Passover, we at Policy Administration Solutions want to extend our warmest wishes to all who are celebrating. May this time of reflection and tradition bring you joy, peace, and renewal.

From our family to yours, Chag Pesach Sameach!

04/09/2024

🚀 Introducing pasExecutive.Net - Your Insurance Data Warehouse Software Solution!

ℹ️ Looking for a comprehensive data warehouse solution tailored for your insurance business needs?

Look no further! pasExecutive.Net offers detailed data management, downstream reporting, and calculation automation, allowing you to make informed decisions confidently.

🔹 Flexible solution supporting traditional and program business models
🔹 Real-time, online operation for up-to-date information
🔹 Standalone or integrated usage with other PAS software solutions
🔹 User-friendly interfaces for quick reporting and data retrieval

Explore pasExecutive.Net today to streamline your insurance operations and drive efficiency.

Learn more: https://www.pasolutions.com/pasexecutivenet

03/31/2024

Happy Easter! Warmest wishes from our family to yours!
🙌🙏🐰🐣🌼

03/20/2024

Introducing a New Functionality to our pasClaims.Net product!

Policy Administration Solutions’ pasClaims.Net Announces Enhanced Capabilities for Streamlined Claims Processing

We are excited to announce new enhancements to pasClaims.Net, designed to streamline the claims processing experience for both adjusters and supervisors.

Effortless Integration: Our system now seamlessly connects with external vendors for pharmacy, medical payments and medical review expenses payments, ensuring faster reimbursements for all parties involved.

Scheduled Payments: Newly implemented scheduled indemnity payments eliminate manual tasks and expedite the delivery of benefits to your policyholders.

Deeper Visibility: Gain valuable insights with our powerful new ad-hoc reporting functionality, allowing you to generate custom reports tailored to your specific needs.

Streamlined Reporting: We have added a comprehensive suite of new standard reports, providing instant access to key claims data for improved decision-making.

pasClaims.Net is committed to continuous innovation to optimize the claims processing. Let us help you achieve operational excellence in claims management!

Read the latest about the product on our website: https://www.pasolutions.com/pasClaims.Net

03/04/2024

Stay ahead of the curve in the Property Casualty insurance industry with our latest blog post on predictions and challenges for 2024. Discover the trends shaping the future and how technology solutions can drive success.

Click here to read the blog: https://www.pasolutions.com/blog/predictions-and-challenges-in-property-casualty

🚀

Address

New York, NY
10010

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

http://www.pasolutions.com/

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Videos

Discover how Policy Administration Solutions is revolutionizing the insurance industry with AI-powered automation. Our suite of products - pasCarrier.Net, pasClaims.Net, pasBilling.Net, and pasExecutive.Net - streamlines operations for insurance carriers, sureties, and MGAs. Introducing Policy Administration Solutions: Where AI meets insurance efficiency Watch the entertaining video below to learn how to boost efficiency, reduce costs, and enhance customer satisfaction. Visit www.pasolutions.com for more information. #InsuranceTech #PolicyAdministration #AIinInsurance