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Genoa’s Policy Management module allows users to build, manage and execute policies worldwide. The system allows standardization and centralized control over policy documentation and facilitates client/partner collaboration for submission management. All changes to the policy are automatically logged for review and through online collaboration, multi-party policy confirmation speeds release.
Functionality includes:
• Policy information management (policy holder, approved conveyances, insured interests, named storage locations, premium rates, limits, allowable currencies, country restrictions, billing info., insuring conditions, related war policy rates and conditions and valuation).
• Review and reporting options for stored policy information changes.
• Generation and issuance of all policy documentation including quote letter, policy manuscript and endorsements.
• Policy lifecycle customizable workflows.
• Policy submissions and issuances are fast tracked with customizable entry screens.
• Sophisticated rating engine with user-friendly interface.
• Re-calculation of premiums for full endorsement and renewal management when backdating.
• Incorporated into client extranets and B2B websites and other web-based systems with minimal effort.
• Documentation available to all stakeholders 24/7.
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