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Pentacle Brings an "Out-of-the-Box" Solution to Insurance Data Capture

Computer with Gears - SF
December 04, 2018

Pentacle Data Solutions (Pentacle) has launched an "out-of-the-box" product that it said will benefit the captive insurance industry. Pentacle offers a comprehensive and practical solution for data capture, offering a platform to captive insurers and other insurance entities that want to graduate from using Microsoft Excel as the receptacle for their policy data.

The new product captures policy details, client information, and premium information, including insurance premium tax calculations and premium installment setup with midterm adjustments.

Denise M. Kelly, principal at Pentacle, said the platform delivers simple, one-click template generation for policies, invoices, renewal letters, cancellation letters, policy endorsements, and more.

The platform reaches beyond the norm by allowing Pentacle clients to upload their own custom templates for mapping data fields without being boxed in by Pentacle-defined data fields, according to Ms. Kelly. 

She continued, "Users can create and delegate tasks to colleagues, and the system's 'view log' feature enables an audit and compliance trail where every entry in the system can be seen easily and quickly."

The tedious job of rekeying data from outside sources is no longer a chore with Pentacle, according to Ms. Kelly, who said that data is easily imported and exported as a CSV file.   

Most importantly, said Ms. Kelly, Pentacle's out-of-the-box insurance platform grows with the user. Once a captive's data is maintained in one place with a high quality of integrity, the captive can grow its business with ease. 

For more information, contact Ms. Kelly by email or by phone at (802) 383–8827.

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