Creating a Policy

The policy issuance process represents the main Core Policy Admin functionality through which the insurance contracts are generated within the core system, laying the basis for other Core Policy Admin flows. From a business perspective, this functionality involves an end-to-end process that starts from the generation of an initial Policy through a specific endpoint, is updated through an update endpoint and then reaches the InForce status, according to the period of validity.

The policy issuance endpoint brings business value to the Core Policy Admin component by creating a connection between the core system and various external systems - such as websites, apps and other digital channels that you use in order to reach out to customers. Thus, once the integration with another system that sends in customer data is obtained, the policy is generated in the system according to the received information.

Within this endpoint, a policy generation object is structured to collect the necessary policy related information through the integration with an external system. Following the request made, the response body issues into the system the new data specific to the policy, in addition to those obtained during the data collection from a given external system.

For more details go to the Policy Generation API page.