Terra launches policy administration system for workers’ compensation

Terra has introduced Terra Policy, a cloud-native policy administration system designed for the Workers’ Compensation market. The platform manages quoting, underwriting, billing, and renewals in one system, offering a faster and more flexible alternative to traditional policy platforms.

Built to replace legacy systems, Terra Policy combines automation, real-time integrations, and a user-friendly design. The company’s pay-after-go-live model allows insurers to start paying only once the system is fully operational.

The launch follows Terra’s recent rollout of its note summarization tool in Terra Claims and expands its product suite, which includes claims management, compliance, and benchmarking tools.