DMS (Distribution Management System)
A plain-English definition from the DeployIT insurance technology glossary.
In short: Software insurers use to onboard, enable and monitor distribution partners and channels.
Related terms
- PAS (Policy Administration System)
- An insurer's core system of record for policies: issuance, endorsements, billing and lifecycle events.
- POSP (Point of Sales Person)
- An individual authorized to sell pre-underwritten insurance products after 15 hours of training and certification under IRDAI rules.
See it in practice
See this concept working in software
DeployIT puts quoting, issuance, renewals, claims and commissions on one platform built for Indian insurance distribution.