Insurance › Core Insurance (Policy & Billing) › Policy Administration System (PAS)

Penn River

Cloud-native policy administration platform for life and annuities insurers with accelerated product delivery

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Overview

Penn River CoreFlow is a modern policy administration system designed specifically for life and annuities carriers handling complex cash value products. The platform emphasizes sustainable speed to market through certified product deliveries, automated testing, and no-code upgrades. Founded by industry experts with experience developing market-leading L&A processing solutions, the company focuses on reducing implementation complexity and lowering total cost of ownership.

Penn River ProductHub is an integrated solution that streamlines product development by connecting information across eApps, product rules, testing, and reinsurance sources. The platform promises up to 30% reduction in time to market and up to 25% cost savings in product development by eliminating redundancies across disparate systems. The company offers iterative partnerships, product modeling and validation certification, and guaranteed successful migrations.

Key Features

+ Cloud-native architecture for L&A policy administration
+ ProductHub connecting eApps, rules, testing, and reinsurance systems
+ Certified product delivery with validation certification
+ Automated testing for fast, repeatable migrations
+ No-code upgrades and product rollouts
+ Indexed Universal Life (IUL) product support

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