Bordereaux/Program Management

Support the ingesting, cleansing, normalizing, and processing of bordereaux or any other type of data interchange. This solution can be leveraged for both incoming and outgoing data, supporting an insurance entity’s entire ecosystem. Specific features to support the processing of insurance data such as:

  • Risk/Premium/Cash/Claims relationships
  • Cash reconciliation
  • Claims TPA management – including claim top-off
  • Transaction management
  • Re-rate/Validation
  • Configurable rules geared towards common insurance related functions
  • Integrations – a framework to accelerate system integration
  • Artificial Intelligence (AI) support

Binder/Contract 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 MGU/MGA limits and underwriting thresholds for the issuance of policies and then use those thresholds to build data validation business rules, creating audit points when the thresholds are exceeded.

Aggregation limits can be monitored as transactions are processed. These aggregate values include:

  • Gross premium
  • Net premium
  • Total acquisition expenses
  • Cash receipts
  • Current total claim reserves
  • Total claim payments

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