VANTAGE-ONE
Cut time to market with flexible administration.
VANTAGE-ONE® is a comprehensive solution that provides flexibility in administering life insurance and annuity products for the qualified and non-qualified markets. In today’s competitive environment, VANTAGE-ONE gives you the speed and agility you need to respond quickly to market changes while maintaining quality service.
VANTAGE-ONE can provide an immediate impact on your company’s bottom line by supporting increased revenue while reducing operating expenses.
- Time to Market — New product sales drive increased revenue and profitability. Whether your company is a product innovator or a quick follower, VANTAGE-ONE supports sales efforts by helping to define and implement new insurance products before the marketplace changes again.
- Total Cost of Ownership — VANTAGE-ONE provides all the functionality without the large overhead. VANTAGE-ONE also requires fewer staff hours to maintain and operate. Reduced maintenance costs result in lower operating expenses and greater profitability.
Gain Insight with Business Analytics
CSC's policy administration systems include Business Analytics, our best-in-class business intelligence and reporting software with interactive dashboards. Business Analytics helps you unlock complex data from multiple systems and use it to predict changes, track key metrics, and make better-informed decisions.
Products and Markets
Financial services companies are increasingly under pressure to provide cost-effective administrative support while still providing innovative products and excellent service. The VANTAGE-ONE system meets these needs.
VANTAGE-ONE supports both group processing for annuity products, including 401(k) and 403(b) product lines and group universal life business. In addition, extensive support is provided for all types of individual lines of business.
- Annuity Products — Fixed Annuities, Variable Annuities, Deferred Annuities, Equity-Indexed Annuities, Unbundled Annuities, Market Value Adjusted Annuities, Tax Sheltered Annuities, Roth IRA, SIMPLE/SEP IRAs, Standard IRAs, Guaranteed Investment Contracts
- Universal Life Products — Universal Life, Variable Universal Life, Survivorship UL and VUL
- Term and Whole Life Products — Level and Decreasing Term, Participating and Non-Participating Whole Life
- Riders and Benefits — Guaranteed Death Benefit Riders, Term Insurance Riders, Children’s Term, Family Term, Waiver of Premium/COI, Accidental Death Benefit, Guaranteed Insurability, Cost of Living Adjustment, Accelerated Benefit Rider, Mix-and-Match Benefit Support
All group, policy and transaction-level processing is controlled by business rules established for each plan of insurance using the VANTAGE-ONE Product Wizard. This tool allows new plans to be created easily, either through cloning an existing plan (with limited changes) or by importing large sets of rates and values from an external source such as a spreadsheet developed by the actuarial department.
Variable Products
The strength of VANTAGE-ONE's variable processing is its ability to easily handle a virtually unlimited number of investment funds, dollar-cost averaging, portfolio rebalancing, scheduled withdrawals and asset allocation.
Markets
VANTAGE-ONE supports all of the products that are marketed to the fastest-growing segments of the U.S. insurance market.
- Qualified and Non-Qualified, Individual or Group — VANTAGE-ONE supports products sold in the non-qualified markets, such as individual deferred annuities and term life, as well as qualified products like tax sheltered annuities, IRAs and deferred compensation. VANTAGE-ONE supports both individual contracts and group annuity/401(k) products.
- Proprietary or Wrapped Products — VANTAGE-ONE supports insurance and annuity products marketed through bank and broker/dealer distribution channels.
Architecture and Technology
With its relational database architecture and standardized XML-capable interfaces, VANTAGE-ONE can integrate easily with both upstream and downstream systems. The VANTAGE-ONE System is ACORD-compliant and platform-independent.
