Policy Administration System

A policy administration system (PAS) is the core platform that manages the full policy lifecycle. Genasys policy administration handles new business quote-and-bind, mid-term adjustments, renewals, cancellations and document production, and holds a single record for every policy, customer and transaction.

It is built for insurers, MGAs and brokers, with no-code product building, dynamic rating, a configurable rules engine and automated workflows. Teams run products end to end without raising a development ticket for every change. Genasys is cloud-based, headquartered in London with offices in South Africa, and has served the insurance industry for nearly 30 years.

Yes. The no-code product builder lets you configure dynamic question sets, multi-tiered rating, document templates and compliance rules through drag-and-drop tools, with version control so every change is tracked and reversible. Rate changes and wording updates are made in-house rather than queued as development work.

The platform comes with 350+ pre-configured product templates as a starting point, so you build on proven structures rather than from a blank page. Hayes Parsons launched a new product in ten days using the builder, though more complex products will take longer.

The platform covers quote-and-bind, endorsements and mid-term adjustments, renewals, cancellations, reinstatements and document production. Workflows are configured to automate each step, enforce process adherence and remove manual touchpoints, with a full audit log against every transaction.

Renewals can be invited, re-rated and issued automatically based on your rules, and documents are generated from configurable templates in multiple languages and currencies. The same controls apply across policy administration, claims and billing, so the policy record stays connected to everything downstream.

Genasys is built for delegated authority. It manages capacity, binders and underwriting controls, and produces automated B2B data feeds and bordereaux, which removes the manual spreadsheet reporting that MGAs usually send to carriers.

Real-time eventing and 450+ documented API endpoints connect the platform to capacity providers, pricing engines and accounting systems. MGAs launch and scale products quickly while giving capacity providers the data and controls they need to monitor performance.

Because products are configured rather than custom-built, go-live is faster than legacy alternatives. Genasys deployed a foundational platform for Arma Karma in one week, King Price migrated from legacy technology in six weeks, and Hayes Parsons launched a product in ten days, though larger books naturally take longer.

Migration uses structured data import routines and reconciliation checks to keep records accurate. You can phase deployment by product, entity or distribution channel, which lets you move off legacy systems gradually without disrupting live operations.