Hull & P&I Insurance Software
Oceanwide's Hull and P&I insurance software offers brokers and underwriters a centralized online database to manage fleets of insured vessels, other equipment, client policies, related premiums, exposures and billing data.
Highlights of Hull & P&I Software Solution
- It supports all policy types including all marine hull and liability products.
- Advanced insured fleet management capabilities.
- Custom workflow by hull and liability product.
- Diary items and e-mail remainders based on products-specific business rules.
Functionality of Hull & P&I Software Solution
- 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, allow able 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 products.
- 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.
- Multiple integration options available with internal accounting systems.
- Branded invoices generated for brokers and underwriters for selected policies and present line item details per fleet, vessel or client.
- Payments and invoices may be recorded against these invoices per line items or on complete invoices, payments and shipments.
- Supports Direct Bill and Agency Bill invoice methods.
Please contact us to find out about our Hull and P&I Insurance software.