Our software offers a comprehensive line of business coverage

Our software supports co-insurance with you as lead or participating insurer including the generation of postings according to the participation schedule.

The ability to handle taxes from any country enables the management of international insurance business. For example, if sites in different countries are insured, the insurance policy considers the applicable taxes of those countries.

A single policy can include multiple contracts from different lines of business. This allows shared data, such as business types of business operations or property details, to be used across the contract without duplication. This is particularly useful for bundling lines of business into a comprehensive package, such as commercial property insurance.

In broker business, agreements with large brokers can be documented in a structured manner in master agreements so that offers are checked against these regulations and the correct broker wording is set. An overview shows all contracts under a master agreement. In this way, mass business transactions can be captured and triggered on the selected individual policies under a master agreement.

Our software covers the entire underwriting process: from entering policy details, importing lists of risk objects, separately manageable risk questionnaires, entering limits and deductibles to checking previous claims, all functions for efficient underwriting are covered. You can use tariff table-based pricing or integrate your own external pricing service. Finally, the desired approval process can be set for submitting offers to the broker and approving the premium that is ultimately negotiated.

Our portfolio software ensures the audit-proof, two-dimensional historization of policies and, in the event of retroactive alterations, the subsequent endorsements already recorded can be re-applied automatically. Recorded business transactions can be corrected retrospectively and even the new business transaction. An annual statement with retrospectively reported values (such as the previous year’s turnover) is available.

Policies for which an automatic renewal has been agreed are automatically extended when the main due date arrives. Any agreed dynamization (e.g. an index-based increase in the sum insured) is taken into account. For a manual renewal, the underwriter can create an offer – also with different variants – and discuss it with the broker or policyholder. If necessary, a change can be made to a more recent product generation.

For the most important industry lines of business, such as property, engineering, marine/transport, liability and cyber, exemplary implementations including simple products are provided as sample content. This pre-defined content acts as a project accelerator and enables insurers to implement their own insurance products and processes more quickly.