The process allows the underwriters to enter the complete risk information in a series of screens presented in a simple, easy to understand tab format. Starting from gathering high level information, proceeding to the related coverages and deductibles for the selected lines of business, and finally to attaching the wordings, and any optional endorsements
Quick Quote
This process helps the underwriters to quickly record the issuance of a quote to the broker. The complete details can then be entered at a later stage once the quote is accepted and order received from the broker.
Automatic Rating
The system allows the underwriters to get automatic quotes based on the information entered. The system has a sophisticated rule-based rating engine that can be managed by a designated system administrator. The quote builder allows the administrator to add/change the rating rules and rates without the need for any re-programming. The underwriters have the option to override the premium generated by the quoting engine, which can then be tracked and reported through the custom MIS reports.
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