STP (Straight-Through Processing)
A plain-English definition from the DeployIT insurance technology glossary.
In short: Issuing a policy with zero manual intervention: clean proposals pass rules and issue instantly. Well-configured health journeys reach about 85% STP.
Related terms
- Quote-to-Issue
- The end-to-end journey from premium quotation to policy issuance.
- Tele-MER
- Tele Medical Examination Report.
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.