 Motor Motor is a software package for motor insurers, designed to take the best modern technology and combine it with the latest rating and servicing techniques. Motor caters for the following different vehicle classes: - Private Vehicles
- Commercial Vehicles
- Motor Cycles
- Motor Traders
- Public & Private Hire
- Company Fleets
It is designed to be multi-category, multi-vehicle and multi-driver which services both fleet and non-fleet business, on a scheme or non-scheme basis. Including automatic "per car" rating in any combination. Motor, is designed to run on open platforms, as an on-line real-time system for data capture, update and reporting. It is intended to reduce paper handling in the office to a minimum. System Overview Motor is composed of a series of integrated modules, which can be combined together to deliver a comprehensive motor insurance system and minimise paper flow within the office. Quotations:- An on-line real-time input, editing and auto-rating system, with the ability to transfer data between a Provisional and Final Policy. Multiple vehicles can be rated and quoted for within Motor by the traditional fleet method. In addition, Motor has the flexibility to quote a Multiple Vehicle policy, rated on a per vehicle basis: multiple driver per Car, with multiple cover type. Each vehicle is rated individually and the total premium is calculated from those figures. The individual vehicle ratings that relate to any given policy, are displayed per vehicle with five vehicles per screen. This shows any applicable loadings or discounts together with the cover provided e.g. private use, commercial, comprehensive, Third Party, etc. Each vehicle within a policy is able to be subject to its own loading, discount, NCB, etc. We believe that the ability to handle Multiple Vehicle policies in this manner makes our system unique, combining the maximum of flexibility with the minimum of human intervention.
New Business:- The New Business facility provides the ability to create, amend and enquire on records. Each vehicle is automatically rated by the system. The user may amend individual entries on the rating screen, and for some vehicle and rate codes, the user may even enter a basic loading. Motor captures on the master record all the necessary data relating to risk and rating, which is used to update the other files in real-time, e.g. ledgers, statistics, DTI. The system automatically produces certificates, policy schedules and brokers' debit notes. Renewals:- Motor has both automatic and manual renewal facilities, with automatic risk rating and the production of renewal notices, schedules, certificates and Brokers' debit notes.
Policy Alterations, Adjustments and Endorsements: The system caters for alterations covering any period within the overall policy period. When a relevant field in a policy record is altered, Motor automatically: - Calculates the adjustment and revised premiums
- Raises the Debit/Credit note
- Produces the required documentation e.g. changed wordings, endorsements
- Updates the Brokers' ledger, statistics etc.
Events can be presented to Motor out of sequence. Motor will make the amendments, adjusting the history records and making all the necessary adjustments to the policy records to reflect the correct sequence of events. During this process Motor also calculates the A.Ps or R.Ps. Temporary Cover Notes:- Motor includes a Temporary Cover Note Control system to enable clients to keep track of cover note books supplied to Brokers. It records cover note numbers issued so they can be monitored and traced in order to reduce or eliminate possible misuse. Reports are produced for cover notes which are out of sequence, missing, or not returned. Claims:- The claims servicing facility is comprehensive from the initial creation of a claim, through to payments, receipts and adjustments to reserves. Not only is a full on-line claims history enquiry provided to assist the monitoring and tracking of claims, but in addition, it is possible to see the policy and its history "as at" any given date. Motor's claims system produces memos, standard letters and claims cheques. Brokers Ledgers:- Transactions are automatically generated from the policy file and posted to individual Brokers' accounts. Motor also provides ledger transfer, on-line reconciliation, aged debt analysis and direct debiting. Cash System:- Motor provides a full cash and banking system with on-line enquiries and computer cheque printing. Cash listings are produced by bank, for current and deposit accounts. Diary and Message System:- A full diary and message system is built into Motor. It can be operated on a stand alone basis, or activated from within input screens, e.g. the claims screen. The system can automatically trigger a message should a given set of circumstances arise. Alternatively one department may manually wish to notify another of a significant event, e.g. the Claims Departments notifying Underwriting of the receipt of a large claim. Reinsurance:- With our experience in supplying systems to the Reinsurance Industry, it is possible to include modules to handle both the Reinsurance cessions and claims recovery.
Table Files: Motor is driven by easily created and amended user-defined tables.
Audit Trail: Motor records every movement which has taken place on a per policy basis, which could be viewed on-line. Enquiries and Reports:- On-Line Policy Enquiries - Within each sub-system the user may enquire on the database searching for individual policies or claims, using the Insured's Surname, Vehicle Registration Number or Driver's Surname (or any combination of these). Motor will display the details of any policy as at any given date. The system in effect rolls-back the data, so that all screens accurately reflect the true picture as at that date. If no special date is requested, and an enquiry is made via the claims module, the data will be presented as at the Date of Loss; if an enquiry is made from elsewhere in the system, the data is presented as at the date of enquiry. The policy screen on all enquiries shows the premium, claims and claims outstanding figures. |
