The Boost Policy Admin System: How We’re Different

As an insurance infrastructure-as-a-service partner, Boost provides more than just white-label insurance products: we also provide the technical infrastructure necessary to digitally offer those products on your website. 

The most important part of any insurance tech stack is the policy administration system (PAS), the system of record for every transaction related to an insurance policy. As part of Boost’s API platform, we deliver a state-of-the-art policy admin system (PAS) to support our products at every stage of their policies’ lifecycle.

What makes Boost’s PAS so special? Here are seven factors that set us apart.

1. Automated compliance for every state

One of the most complex parts of building a PAS is accounting for the differences between state insurance regulations. Insurance products must be approved by each individual state that you want to sell in, and each state has its own laws, regulations, and requirements regarding the sale of insurance. Depending on the state, you may need to account for changes in areas like:

  • Rates

  • Underwriting guidelines

  • Notification methods or timelines

  • Policy document content and formatting

  • Policy document delivery method

These parameters are built into Boost’s policy admin system. When a transaction takes place, the PAS will automatically apply the necessary rules for the customer’s specific state. This ensures that every transaction is compliant with relevant state regulations.

State regulations change, however, and today’s fully compliant is tomorrow’s out-of-date. To make sure our system keeps up, Boost has a team of in-house insurance law experts who carefully follow insurance regulatory developments in all fifty states, and provide guidance to the Boost technical team to ensure our PAS stays current. With Boost, you never have to worry about staying on top of state regulatory changes - we do it for you.

Kimberly Won