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Genoa’s Hull and Liability modules offer brokers and underwriters a centralized online database to manage fleets of insured vessels, other equipment, client policies, related premiums, exposures and billing data.
Functionality includes:
• Maintain a database of vessels and/or other related equipment/items insured under Marine hull & liability policies and attach vessels to clients and policies
• Ability to pull in vessel details from industry databases with automatic notifications of vessel detail changes
• Supports all Blue Water, Brown Water Hull products as well as Marine Liability products
• Policy information management (policy holder, vessel details, values, limits, allowable currencies, billing information including installments, insuring conditions, related war policy rates and conditions and valuation).
• Review and reporting options for stored policy, vessel, client, premium, exposure and claims information.
• Generation and issuance of all policy documentation including quote letter, policy manuscript and endorsements
• Policy lifecycle workflows customizable by Hull or Liability product
• Policy submissions and issuances are fast tracked with customizable entry screens.
• Re-calculation of premiums for full endorsement and renewal management when backdating.
• Depletion of deposits and recalculation of installments based on fleet changes or vessel activity
• Automatic follow-up on installment premium payment
• Detailed analysis and reporting on insured fleet details
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