PAS (Policy Administration System)
A plain-English definition from the DeployIT insurance technology glossary.
In short: An insurer's core system of record for policies: issuance, endorsements, billing and lifecycle events. Distribution platforms integrate with, rather than replace, the PAS.
Related terms
- DMS (Distribution Management System)
- Software insurers use to onboard, enable and monitor distribution partners and channels.
- Unified Insurance API
- A single API abstraction over many insurer integrations, normalizing quotes, proposals, issuance and servicing.
See this concept working in software
DeployIT puts quoting, issuance, renewals, claims and commissions on one platform built for Indian insurance distribution.