Introduction Many wrap-up administration service providers have developed custom, in-house technology systems to facilitate key portions of controlled insurance program (CIP) administration. Today, while these proprietary solutions may still meet basic needs, they tend to consume money, time and effort that could be put to better use elsewhere. This white paper explains why an in-house,
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How today’s wrap-up administration technology increases effectiveness and value Most wrap-up administrators acknowledge the importance of technology in business operations. The majority of large administrators use platforms developed in-house. The limitations of such traditional, first-generation systems can cause difficulties. These include unnecessary administrative burdens, lengthy response times, inflexibility, messy data exports and other problems. Smaller
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