eUnderwriter
eunderwriter is the web based system which delegates underwriter authorities to the MGA(Managing General Agents) & Brokers in a controlled manner, It works as Underwriter but still the control will be in hand of Underwriters. It not only delegates business rules to MGA/Brokers on behalf of Underwriter but also provides opportunity to the Insurance Companies to delegate some of their low value but high quantity lines of businesses like Professional Indemnity, D&O etc. with very less involvement of Underwriters. Using eUnderwriter Underwriters can design any Insurance Products, can define the rating mechanism for each product & then implement business rules around each product. eUnderwriter is a multilingual application, it means there is no restriction to use this application for the English users only. All the underwriters throughout the Europe, UK & US can use it in their regional language. It supports multiple currencies as well. Main Features includes.
-
Can create any product for any line of business (Marine, Property, Liability, D&O, and Professional Indemnity).
- Can Define Rating engine for each products.
- Can define fixed premium engine for different products.
- Can define business rules for each product.
- Can authorise MGA/Brokers to use their Insurance Products to provide Quote/Policy on their behalf.
- Can define business rules for the MGA/Broker to handle the product & auto referral to Underwriters for certain business rules.
- Due to Multilingual functionality, system can be used in any regional language.
- Multiple currencies Support & IPT Calculations.
- Complete Control of Underwriters on the System to delegate their chosen authority to the MGA/Brokers.
- Separate interface for Underwriter & MGA/Broker with Administrative control to the Underwriters.