Premium Accounting and Reporting Series

Reduce the Pain of Bureau Reporting

For some insurers, bureau reporting is still a painful necessity. But you can regain the hours spent on that task with our Premium Accounting & Reporting Series (PARS), which supports bureau statistical calls for ISO, NAII, and AAIS.

The days of reading and interpreting bureau statistical codes are gone. PARS is the collection point for all premium, loss and financial data. We strategically developed PARS to accept insurance data, not codes. PARS receives and edits the information from the policy and claims systems for management, financial and bureau reporting. The process of deriving statistical codes that the bureau requires is done through a powerful table-driven engine.

Because information is derived, PARS can use and manipulate the information it receives for management reports. Management Reporting has several dozen industry-standard reports pre-packaged. The Daily Edit feature allows data entry corrections and manual stat entry for manually rated policies.

PARS minimizes bureau maintenance in policy and claims system and provides more detailed information than standard statistical systems. In addition, you need fewer programming changes for bureau updates because PARS is highly table driven.

Highlights

• Flexible premium release methods
• Daily and monthly (1/24ths) earning methods
• Wide variety of management reports
• Data interface to Management Information System
• Error correction facility
• Agency production reporting

If you would like to ease the pain of bureau reporting, contact us today to learn more about PARS.