Ventiv Policy - 2026 Pricing, Features, Reviews & Alternatives

Reduce costs, improve service

Ventiv Policy automates labor-intensive underwriting processes, streamlines access to information, and delivers information to executives, underwriters, and agents/insured. It tracks all lines of business for all states, automates rating and allocation, quoting, renewals, endorsements, certificates, invoicing, reporting, policy issuance, and more.
An intuitive, responsive user experience renders on any device and provides single-click access to data and tools. The configurable user interface streamlines workflows by creating an across-the-board policy administration process from quote generation to new-policy issuance. Ventiv Policy records changes to existing policies.

Automate Policy Administration for Enhanced Efficiency-
Ventiv Policy automates administrative tasks, reduces data redundancy, and improves overall efficiency. Administrative tasks that took hours, days, or even weeks can now be accomplished in a fraction of the time, without sacrificing underwriting reliability or security.

Raise the Bar for Policyholder Services-
Using Ventiv Policy, organizations can coordinate new business, renewals, and mid-year changes among clients, members/agents, and carriers. A thoroughly integrated CRM platform manages member and agent outgoing electronic communications; the CRM also accommodates on-the-fly annotations after discussions with members.
Multi-quote summaries resolve open quotes when they are bound. Multi-quotes summaries also provide recommendation reporting via dashboards and other reporting functionality.
Invoices, forms, reports, and other attachments are all available through the Policy Portal. Organizations improve the accuracy of their consultations, pricing, and product placement by accessing deductible PA with three-and five-year claim analysis and premium at each layer and all other aspects of an insured’s risk profile.

Integrate risk factors into loss mitigation-
With the following information compiled in a single, easily-accessible portfolio, the appropriate underwriting assessments for loss mitigation are just a few clicks away.
- Asset/exposure value benchmarking
- Asset/peril mapping
- Concentration of risk
- Site visit and risk recommendations
- Loss-control questionnaires

Improve Pricing and Cost Accuracy-
A number of pricing configurations are available and include carrier-grade analysis of P/L, including:
- Calculation of insured values
- Premium burn based on incurred loss
- Probability of loss
- Year-over premium comparison renewal vs. policy
- LOC rate modeling during renewal
- Rate management via spreadsheet import
- Easy ad-hoc reporting
- Insured/Agent five-year loss ratio
- Three-to-four-point contact exposure value assessment to identify premium leakage

Streamline and Improve Risk Assessment-
To improve the accuracy of risk assessment in the underwriting process, Ventiv Policy provides access to:
- Underwriting-application risk scoring by LOC targeted for Q1 2023
- Loss control/compliance risk score
- Member participation score
- Rate assets based on zones, locations, and TIV based on overall program comparison

Improving Client Communication and New Business Development-
With Ventiv Policy, organizations can:
- Track key performance indicators (KPIs) to increase work efficiency, coordinate client retention through customer relationship management, and support additional sales.
- Concentrate proposals for additional products on those areas that will generate the most revenue with the lowest associated potential costs.
- Identify areas of improvement and potential policyholder pain points by drilling down into loss ratios per program and insured.

Empowered Policyholders with Ventiv Policy Portal-
The Policy Portal gives members and agents the option of administering—in real time and from any device—their policies for new business, renewals, and mid-year changes.