<img src="https://secure.leadforensics.com/85060.png" alt="" style="display:none;">
Expect more from renewals technology

Navigate your way through the Ventiv renewals roadmap to identify what you should expect from a new generation of automated renewals tools.

Learn more →

Get blog updates

Receive great blog updates once a week in your inbox.

Medical Professional Liability

Ventiv Policy for Medical Professional Liability (MPL) delivers operational savings when administering claims made or occurrence-based insurance coverage. Designed for hospitals, healthcare corporations, clinics, surgery centers, and individual providers, Ventiv Policy for MPL increases premium volume while reducing processing time.

The Ventiv Policy for MPL advantage

The healthcare industry faces numerous challenges, including rising costs and strict data-protection standards. Ventiv Policy for MPL provides an intuitive, user-friendly platform that enhances organizational efficiency and ensures data privacy.

Ventiv Policy for MPL empowers healthcare organizations to reduce time spent on renewals, automate rating and allotment, and manage all lines of business for all states. The Ventiv solution also tracks certificates; streamlines quoting and invoicing; and provides an easy-to-use interface for reporting, new business, endorsements, and more. Add it up, and Ventiv Policy for MPL simplifies time-consuming tasks, making them easier to perform and with improved accuracy.

Core Claims Administration

Improve access for insureds

It’s no longer just a nice feature to offer: Insureds simply expect access to comprehensive policy information and reporting. With the Ventiv Policy Insured/Agent Portal, policy processing is real-time, easy to access, and secure. Service representatives and underwriters benefit from fully configurable underwriting questionnaires, automated processing, and data integrity.

The Ventiv Policy Insured/Agent portal features include:

  • New business, renewal, and endorsement quotes and proposals
  • Management of all member and contact information
  • Management of deductibles and limits per line of coverage
  • Management and uploading of documents, including exposures
  • Access to reports—produce invoices, schedules, and certificates
  • Configurable proposal questionnaires
  • User inbox to view pending tasks and automated email notfications.

Integration and maximum service levels to agents and insureds

Ventiv Policy integrates with Ventiv Policy Portal, Ventiv Claims, and other in-house and third-party systems, providing a comprehensive single solution. Ventiv Policy for MPL seamlessly integrates with the Ventiv Policy Portal to offer a secure, self-service platform allowing real-time policy transactions via the web portal 24/7/365. 

Improved productivity and response times

For many insurers experiencing a significant rise in volume, legacy systems aren’t up to the task of maintaining the quality levels the insurer expects while also supporting customer-service standards. Ventiv Policy for MPL has helped organizations improve skilled-staff productivity by as much as 20 percent. Ventiv Policy for MPL also dramatically reduces the time needed to issue policy, often to under 30 days. Matched with instant-on analytics and reporting for complete visibility by executive teams, the Ventiv solution empowers organizations to sustain strong growth while also increasing insured satisfaction

MPL

Key features of Ventiv Policy for MPL

  • Seamless, accurate administration of MPL, HPL, GL and any other line of business
  • Provider management: Track demographic and credential data, specialty assignment, education history, and policy summary; assign the same provider as risks on one-to-many policies in a year without re-entering data
  • Track occurrences, claims made, nose and tail policies, shared or separate limits, and risk management courses.
  • Configurable underwriting, questions, rating, and rate packages
  • Policy quoting, renewal, and endorsement processing
  • Endorsements: allocation and endorsement schedules
  • Invoicing and agency management
  • Declarations, certificates, and loss ratios
  • Efficient content management including diary management, communication, process automation, and workflow tools

GET STARTED 

Experience Greater Clarity and Efficiency Now.

Our team can help your organization solve its risk, claims and safety management software needs.

CONTACT SALES >