Full risk details are captured from quotation to completed policy with claim and renewal history along with comprehensive financial details including, Policy Status, Transaction History, Claims History, Policy Financial Summary with historical policy performance.
Comprehensive statistical coding enables thorough underwriting risk analysis to be made.
The Management of (Re) Insured's, Cedants and Brokers is very flexible and provides an invaluable tool in the commutation process.
All policy data is available in the same place, either in the top half of the screen, or via one of the tabs on the bottom half of the screen. There are a number of standard tabs, and you can create your own tabs and fields where necessary.
Using Polygonal's documentation feature, you can create documents of various types and store them with the policy records.
Each policy has a summary screen giving totals by currency, plus an overall total in the main reporting currency for premium and claim (paid and outstanding) amounts. Each individual transaction included in the total can be viewed.
The system provides details of the financial results on an individual policy year or on a multi-year basis, enabling the complete underwriting history and profitability to be viewed, before or after reinsurance. As with most polygonal screens, many different details can be held within the various tabs presented on the screen.
Polygonal's comprehensive reinsurance suite covers all types of protection programs, facultative, treaty, proportional and non-proportional, outward protections. Management of treaty terms at participant level to assist in Principle-to-Principle accounting.
- Underwriting Including Reinsurance
- Claims
- Transactions
- Accounting
- Financial & Regulatory Reporting
- Document & Workflow Management
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