Brokers.....
- Create a Profile describing their business; allows underwriters
to decide which firms and underwriters to add to their broker Panel.
- Create risks to be placed, upload supporting documents; stored
in one location for retrieval by approved underwriters.
- Store risk information securely, create templates to avoid
re-keying for similar risks and renewals.
- Create 'Risk Panels' for individual placements; approved
underwriters are instantly identified based on matching
Risk with Panel underwriters'
risk preferences.
- Avoid version control errors; achieved because only up-to-date
Risk data and presentations are available to Risk Panel
members.
- Stimulate the competitive process; broker has full control over
the sharing of anonymous pricing (quote) information with Risk
Panel underwriters.
- Identify the optimal single or coinsurance placement structure;
'Optimisation' tool finds lowest premium or minimizes the
number of underwriters.
- 'Close Out' placement of a Risk by accepting single or coinsurance
quotes received. This creates a (non-binding) 'Pro Forma'
contract for acceptance by underwriters and for policy
document generation.
- Analyse their business activity and generate customised
reports using the 'Reports' tool.
Access event history for compliance or other purposes.
