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s2 U/w (1st Submission (minimal info/notes/terms); ((b) Duplicate…
s2 U/w
1st Submission (minimal info/notes/terms);
b) Duplicate Submission validation of submissions/quotes/policies; with option to continue or not.
c) Submission Maintenance (screen):
top-half enter/modify details, notes, terms.
bottom-half ("grid") submissions entered/modified
a) Convert submission to quote or a treaty,
to be taken up into one or more quotes
3rd Quote/Treaty Maintenance for comprehensive quote and treaty information.
Overview
Standard info
(business classifications, the business partner details, amounts such as sum insured, estimated premium, deductions, dates and signing information),
Expected premium details, reinsurance attachments, links to other related quotes/treaties in the program, associated assets, class specific details, any limits/excesses
Other e..g diary, claims (not on quotes) and statistics.
a) If the eio_option for ‘FullFormQuote’ is set to ‘Y’, this function will also be used for recording quotes of a treaty or quotes. (All references to ‘treaty’ will therefore apply equally to quotes, unless otherwise specified).
b)
upper-screen = business classifications, sum insured, and signing information;
lower-screen Tabs = dates, accounting information, attached reinsurance protecting the treaty, and additional functions.
(NOTE Once Treaty saved it will not be possible to update the Treaty reference).
c) If validation check(s) fail the user will either be offered
(i) ‘Save as an incomplete Treaty’ (i.e. only the data items passing the validation where the minimum is the data required to generate the Treaty Ref, or
(ii) message detailing where the validation has failed with cursor resting on the first failed field
d) a Treaty (but not a Quote) is deemed complete when the mandatory Treaty details have been entered and passed validation via the reference tables used.
e) a Quote is always saved as incomplete, even if all of the mandatory details are provided.
f) Worksheet entry is mandatory after a treaty is saved, (if configured after ‘Confirm Policy’ or ‘Close Policy’ modes.
(A Quote is always saved as incomplete so no worksheet entry)
g) Deductions Maintenance to the treaty can apply to a) Profit Commission, b) Expenses or c) another defined deduction and the percentage.
(Sliding scale commission and Loss Corridor are 'information only').
h) Premiums Maintenance for entry of expected premiums for a treaty;
with separate premiums amounts per different currency and qualifier
i) Treaty Ceded Contract Link Maintenance processes both proportional and risk excess contracts:
a) to be attached to the treaty from the Available Ceded Contracts frame;
b) existing treaty linked ceded contracts to use/amend from Selected Ceded Contracts frame.
2nd Quote/Treaty Query to
retrieve/view/change/copy
renew
add sections/declarations/attachments.
Convert (take up) quote into a treaty
Including Treaty Aggregation details for specific exposure information on perils and geographic areas..
Premium Rate Calculation interface to a third party rating tool (the GildedQRS rating tool is used).
Contract Header
maintenance of linked treaties, quotes and submissions i.e. add new treaties, quotes and submissions, copy, renew, modify and endorse treaties, copy and add quote versions, take up submissions/quotes and renew treaties into submissions/quotes.
query to retrieve contract headers also view or change the contract header details and to add diary entries, notes and attachments.