Insurance Product Configuration

By: Oceanwide  09-12-2011

  • Personalized product-specific application forms based on ACORD standard templates
  • Distinct underwriting and rating rules for each product & agent group
    • Trigger conditions based on multiple data elements
    • Referral rules & workflow for custom quotes
    • Insuring conditions based on clause library
    • Flat fees, rates, multipliers, minimums and rounding
    • Automatic currency conversion
    • Built-in tax calculations
  • Quote and Policy document templates designed using MS Word
  • Subscription policy support
  • Different broker commission rates by product, insurer and coverage

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