Statement of Values Consumption (SOV)

SOV records can be viewed and processed through Distributed Data Workbench (DDW), where they can be re-validated and rated.  All records are accumulated based on rules, and multiple output bordereaux file formats are produced by DDW for external consumption.

Support for:

  • Locations
  • Add/delete endorsements
  • Underwriter referrals for all post-bind transactions
  • SOV upload and internal user support with override capabilities subject to authority levels
  • Policy issuance - population of policy data to the declarations page and all forms with variable text and automation for third-party data integrations to populate policy data to other systems

 

Ability to:

  • Manually enter submission data with up multiple locations
  • Tailor underwriting questions
  • Quote through multiple underwriting carrier rating algorithms using the OWIT Rating Solution
  • Support multiple sets of underwriting/rating/document permission data sets to support individual carrier program requirements
  • Generate a quote and/or binder document
  • Generate a bordereaux output dataset for bound policy transactions
  • Accept and process a rating request
  • Generate complex quote and binder documents matching carrier requirements

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