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Oceanwide’s Genoa Marine Insurance Management solution is a web-based collaborative platform uniting all parties involved in the issuance and management of marine insurance policies for all marine insurance lines on a secure network.
Genoa utilizes a common framework and database, yet allows for substantial customization of both the GUI (Graphic User Interface) and underlying functionality for individual licensees. Customized modifications may also be developed and incorporated into the application for specific licensees. Through improved service and increased data transparency, Genoa licensees generate more business and solidify customer relationships.
The ASP Advantage
Captivate Clients
Reduce Risk
Automate Administration
Stay Flexible
The ASP Advantage
• Reduce overall IT costs by more than 30%
• Customize and implement up to 75% faster than traditional client-server technologies
• Offer system upgrades and maintenance simultaneously to every user through their desktop without the need for any internal IT resources
• Deploy an ideal WAN solution for global business without the need for expensive infrastructure
Captivate Clients
Enhance your service offering and attract new clients by delivering a host of value-added services and collaborative capabilities through your own branded website while reducing your customer service costs.
Offer 24/7 global access to policy information for all assureds through a standard web browser as well as the following:
• Instant issuance of negotiable electronic certificates of insurance
• Automatic rating and processing of declarations
• Faster, more efficient claims resolution with real-time status updates and flexible self-service reporting tools
• Ability to generate and present invoices automatically with on-line payment processing
• Seamless integration with client’s logistics or accounting systems
Reduce Risk
Take a proactive approach by anticipating risks, their impact and spread by providing access to standardized data across the enterprise with customizable real-time reporting tools for detailed risk analysis, aggregate exposure assessment and profit/loss reporting.
• Proactively anticipate and manage exposure with access to standardized data through flexible real-time reporting tools
• Track all quotes, policies, premium, and claims with a detailed audit trail of all changes
• Provide real-time alerts on warehouse and vessel aggregates for facultative reinsurance
• Manage your entire policy base across the enterprise
Automate Administration
Free up internal resources, reduce processing times and costs, and improve profitability and efficiency organization wide.
• Eliminate redundant data entry through a web-accessible centralized database
• Guarantee compliance with policy and regulatory restrictions to avoid disputes and/or fines
• Calculate and invoice premium accurately and automatically, including war, TRIA terrorism and steamer additionals for all types of shipments
• Collaborate easily with all parties to gather information to bind risks or build claims files
• Validate data instantly and automatically through a seamless connection to external industry standard databases
• Automate and standardize the generation of policy manuscript and endorsement documentation
• Streamline the premium booking process and prevent costly errors
Stay Flexible
The Genoa platform helps you respond quickly and nimbly, to any requirement.
• Regular functionality upgrades and enhancements offer increasing value and ensure compliance with evolving regulatory and statutory requirements across all geographic areas of operation
• Extended data fields allow users to customize data elements to any form without programming
• Comprehensive functionality supports all types of policies, rating algorithms and billing methods
• Built-in interfaces integrate seamlessly with internal and external logistics, claims and accounting systems
• Inherent localization functionality offers support for operations in multiple currencies and languages
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