Quotations and contracts Create marine insurance quotations and contracts with ease

At the heart of the application lies the quotation phase and subsequent contract creation. The system provides a clear overview of all active contracts and their current statuses.

Feature overview

Create quotations

Selection fields of a new quotation before contract creation

The quotation phase precedes every contract creation. Here, the essential data required for each contract is entered, including:

HM - Hull & Machinery etc.
LOH - Loss of hire
WR - War Risk
CL - Charterer`s Liability
PI - Protection & Indemnity
and more

Add objects

Example of a recording of ship and object data

Manage ship lists per contract
Enter detailed information
Export lists as Excel files
Allow different durations than the main contract

Securities

Example of an overview of insurance participations (collateral)

Define the leading underwriter
Provide all contact details
Allocate shares
Specify who handles the insurance tax
Indicate shares not brokered
Export the list as a Word document

Joint-/co-insured

Detailed overview of the insured persons per object with "Export" button

Add multiple insured parties per object
Enter a secondary billing recipient
Export the list as an Excel table

Markets and market mix

Detailed overview and calculation of market shares per object

Add multiple markets
Input details such as insurance sum, rate, discount, commission, co-broker commission, deductible, tax rate, and tax country
Automatically calculate the market mix based on shares
Export premiums for each market and the market mix as Excel files

Final calculation

Recording of the installations as well as calculation of the premiums

Create multiple instalments
Choose between two calculation methods: pro rata or divided
Automatically calculate closings for clients, underwriters, and brokers
Export data as Excel files

Placing slip / cover note generator

Overview of a generated cover note with reference to various attachments

Enter data once for all purposes
Select specific conditions for each market
Frequently used clauses can be saved and linked to contracts
Export documents as Word files

Endorsements

Presentation of the recorded contract changes

Automatically log changes to existing contracts
Generate endorsements for the placing slip or cover note from logs
Download as Word files

Contract renewal

Input mask showing the renewal of contracts for the following year

Renew existing contracts for the next year
Copy all entered data from the old contract into the new quotation