Policy Administration System (PAS)
The core carrier software managing the policy lifecycle — issuance, endorsements, renewals, billing. The carrier-side counterpart to an agency's AMS.
FAQs
- What's the difference between a PAS and an AMS?
- A PAS is the carrier's core system managing the policy lifecycle from the risk-bearer's side; an AMS is the agency's system for managing its book and client relationships.
- Why is replacing a PAS difficult?
- It's central to all carrier operations and deeply integrated, so migration is among the largest, riskiest, most expensive technology projects a carrier undertakes.
Related Terms
Agency Management System (AMS)
The core software system an insurance agency runs on — managing policies, clients, documents, commissions, and workflows.
Endorsement
A formal amendment to an insurance policy that changes its terms — adding, removing, or modifying coverage — during the policy period. Also called a rider.
MGA (Managing General Agent)
An MGA is a specialized intermediary with delegated underwriting authority from carriers — it can underwrite, bind, and sometimes handle claims for specific.
