Binder Management
An easily extendable set of screens and data that allows complete flexibility in the definition of the binder and rules to be consumed within the monthly data processing and validation.
Users may enter limits and underwriting thresholds by which an MGU/MGA is bound for the issuance of policies and then use those thresholds to build data validation business rules, which create audit points when the thresholds are exceeded.
Aggregation limits can be monitored as transactions are processed through IDM. These aggregate values include:
- Gross Premium
- Net Premium
- Total Acquisition Expenses
- Cash Receipts
- Current Total Claim Reserves
- Total Claim Payments
