Name

Policy Administration Solutions

Legal name

Policy Administration Solutions

Website

https://pasolutions.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Insurance Policy Administration Software

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

Keywords

• Insurance policy administration
• Claims management software
• Insurance billing automation
• Reinsurance management software
• Insurance rating engine

Headquarters

HQ city

Manhasset

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. SaaS Subscription - Policy Administration: Cloud-based software-as-a-service subscriptions for policy administration capabilities, including pasCarrier.Net and related policy lifecycle modules. Delivered as a hosted solution with real-time data access.
2. SaaS Subscription - Claims Management: Subscription-based access to pasClaims.Net claims automation platform with features including reserving, payment processing, fraud detection, and predictive analytics.
3. SaaS Subscription - Billing Solutions: Automated billing solutions including agency bill, direct bill, and commission calculations delivered as subscription services.
4. SaaS Subscription - Reinsurance Management: Reinsurance automation software (pasRe.Net) for managing ceded and assumed reinsurance, treaty contracts, and regulatory reporting.
5. Consulting Services: Implementation consulting services including project delivery, systems planning, testing, quality assurance, and business process improvement using proven methodology.
6. Outsourcing Services: Application maintenance, enhancement, and modification services including training, documentation, and methodology implementation.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Policy Administration Solutions (PAS) provides a modular SaaS insurance automation platform built on the .Net MVC architecture, deployed on Microsoft Azure, that automates the full property and casualty insurance lifecycle for insurance carriers, sureties, and large Managing General Agents (MGAs). The platform consists of eight integrated products covering policy administration, claims management, billing, rating, reinsurance, data warehousing, and agent/insured portals, delivered as a cloud-hosted subscription service with AI-powered predictive analytics and real-time processing.

Product overview

Policy Administration Solutions (PAS) offers a modular SaaS insurance software platform built on the .Net MVC architecture. The portfolio consists of eight integrated products covering the full insurance lifecycle: pasCarrier.Net (core policy administration system for submission clearance, quoting, rating, binding, endorsements, renewals, and cancellation), pasBilling.Net (automated billing for agency bill, direct bill, broker-bill, and MGA Payables), pasClaims.Net (end-to-end claims automation including reserving, payment, recoveries, fraud detection, and litigation management), pasRater.Net (real-time rating and underwriting engine with AI and predictive analytics), pasRE.Net (reinsurance automation covering treaty and facultative contracts, bordereaux, and Schedule F), pasExecutive.Net (data warehouse with reporting across management, underwriting, claims, finance, and regulatory categories), pasAgentPortal.Net (agent-facing portal for payments, dashboards, and policy/claim management), and pasInsuredPortal.Net (customer-facing portal for policy access, payments, and document printing). Products operate as fully integrated modules or as standalone solutions, running online in real-time.

Differentiator

Problem solved

Functional benefit

Brands

• pasCarrier.Net: Insurance carrier automation solution for policy administration, submission clearance, quoting, binding, endorsements, renewals, claims, and billing.
• pasBilling.Net
• pasClaims.Net
• pasRE.Net
• pasRater.Net
• pasExecutive.Net
• pasAgentPortal.Net
• pasInsuredPortal.Net

Products and services

• pasCarrier.Net End-to-end policy administration system for P&C insurance carriers that automates the entire policy lifecycle including submission clearance, intelligent client registration, quoting, binding, endorsements, renewals, cancellation, reinstatement, audits, and ERPs. Features AI-driven risk assessment, policy linking with cross-policy discount calculations, and a Headless API option for API-only rating deployments.
• pasBilling.Net Insurance billing automation solution managing the full billing cycle including agency bill, direct bill, broker-bill, and MGA Payables. Supports commission calculation, installment processing, collection management, invoice and statement creation, and check issuance, accepting payments via check, lockbox, ACH, credit card, and debit card. Features a Kendo React interface and connects to multiple policy administration platforms simultaneously.
• pasClaims.Net Insurance claims automation solution providing full claims lifecycle management from first notice of loss through settlement, including reserving, payment, recoveries, car repairs, litigation management, telematics, camera recording, notes, and diary. Features AI-powered claims summarization, predictive analytics for loss management, fraud detection, automated disbursement, and ad hoc reporting.
• pasRater.Net Insurance rating software providing a robust rating and underwriting engine with AI and predictive analytics for instantaneous calculations across any line of business. Supports multi-line, multi-state, multi-location ratings on a single policy, comparative rating across multiple carriers, bulk upload/download for testing new rating rules, and advanced displacement modeling for rate impact analysis.
• pasRE.Net Reinsurance automation solution supporting all aspects of the reinsurance process in one end-to-end system, including reinsurer and broker management, treaty management, reinsurance program definition, attachment definition, premium and loss analysis, bordereau reporting, cash application, and Schedule F generation. Manages facultative and treaty contracts including quota share, surplus, excess, clash, catastrophe, and facultative types.
• pasExecutive.Net Data warehouse solution that acquires, conforms, and stores insurance data with high level of detail for downstream reporting, calculation automation, and access across all functional areas. Supports traditional broker, direct marketing, and program business models with real-time data import configurable to hourly intervals, ad hoc and user-defined reporting across management, underwriting, claims, finance, accounting, actuarial, ISO, NCCI, and Yellow Book categories, and advanced online data mining and analytics tools.
• pasAgentPortal.Net Online agent management solution enabling insurance agents to manage quotes and policies, make agency and direct bill payments on behalf of insureds, view dashboards and reports, and manage relationships with companies and retail agents. Features real-time dashboards for policies, claims, and billing with functional and data-level security for workforce management.
• pasInsuredPortal.Net Customer-facing online portal providing insureds with secure access to policy information, previous quotes, payment history, and billing details. Enables secure online payments, viewing and reprinting of policy documents including ID cards, declarations pages, proof of coverage, and invoices, with real-time updates.
• PAS Consulting Services Consulting services delivered by a core team of insurance industry technology experts, expandable through alliances, using a proven methodology for delivering automation projects on time and within budget. Covers systems planning, testing, quality assurance, business process improvement, and full project delivery.
• PAS Outsourcing Services Outsourcing offerings including application maintenance, enhancement, and modification of existing installations, alongside training, documentation, institution of methodology and standards, systems planning, testing, quality assurance, and business process improvement.

Quantifiable outcome

• Policy turnaround reduced from 5-7 days to 24-48 hours
• +5 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core and major.

• MicrosoftcoreTechnology or IntegrationMicrosoft products provide foundational technology infrastructure for PAS solutions. Microsoft Azure cloud platform hosts the SaaS insurance software. Development uses Microsoft development framework and tools. Microsoft AI integration enables intelligent claims summarization and predictive analytics capabilities.
• OraclecoreTechnology or IntegrationOracle database products serve as primary database repository for PAS insurance solutions, providing enterprise-grade data management and reliability for policy, claims, and billing data.
• IBMcoreTechnology or IntegrationIBM technology products contribute to the stable, scalable infrastructure underlying PAS insurance software solutions, complementing Microsoft and Oracle components.
• Verisk (ISO)majorTechnology or IntegrationVerisk ISO products and data services integrated into PAS solutions for insurance industry statistical reporting, rate filing support, and regulatory compliance. Supports ISO and NCCI reporting requirements.

Scale indicators11 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Guidewire Software: Guidewire is the largest core insurance SaaS platform vendor, providing policy administration, underwriting, claims, and billing for P&C carriers worldwide. It is the most directly comparable peer to PAS, serving the same carrier and MGA customer segments with a similar enterprise platform footprint.
• Duck Creek Technologies: Duck Creek provides a cloud-native insurance core suite covering policy, billing, claims, and rating for P&C carriers. It competes head-to-head with PAS for modern P&C core system replacements, particularly with mid-market and large MGAs pursuing SaaS-first architectures.
• Insurity: Insurity delivers insurance core systems, analytics, and digital solutions for P&C carriers, MGAs, and reinsurers. It directly competes with PAS across policy administration, billing, and claims automation for property and casualty customers.
• Majesco: Majesco is a cloud-native insurance platform vendor offering policy, claims, billing, and analytics for P&C and L&A carriers. It overlaps directly with PAS on core P&C SaaS and the same MGA and carrier buyer segments.
• Sapiens International: Sapiens provides insurance software platforms for property/casualty, life, and reinsurance markets, including policy administration, billing, claims, and underwriting suites. Its P&C core suite directly competes with PAS for carrier modernization deals.

Emerging players

• EIS Group: EIS Group offers a cloud-native insurance core platform with policy, claims, billing, and customer engagement capabilities. It overlaps with PAS' end-to-end suite ambitions and targets similar large carriers and MGAs pursuing digital transformation.

Regional players

• Prima Solutions: Prima Solutions is a Paris-based insurance platform vendor for P&C and specialty lines carriers primarily across Europe. Its core platform scope (policy, claims, billing) is structurally comparable to PAS, although it does not directly compete in the US market.

Broad incumbents

• Accenture Insurance Industry Group: Accenture is the largest insurance technology consulting and systems integration provider, frequently delivering large carrier transformation programs alongside vendors like Guidewire and Duck Creek. It is a broader market participant whose insurance capabilities overlap with PAS' consulting and outsourcing services.
• Cognizant Insurance Practice: Cognizant provides large-scale IT services and systems integration for the insurance industry, including core system implementations and modernization programs. Its delivery footprint competes with PAS' consulting and outsourcing services for enterprise carrier engagements.
• DXC Technology Insurance Practice: DXC Technology is a major IT services provider with significant insurance industry presence, including legacy core system support and digital transformation work. It is a broad incumbent whose services portfolio overlaps with PAS' implementation, outsourcing, and modernization offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pa-solutions-inc/mycompany/?viewAsMember=true

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Policy Administration Solutions