Premium Module

Outline

The Premium Module controls the processing functions of facultative and treaty insurance and reinsurance broking.

Facultative Insurance

The module handles placements with multiple carriers, including scheduled payments and premium payment warranty (PPW). Premium processing automates the issuance of cover notes, slips, invoices and credit notes for new, additional and refund premium. It updates the general ledger, accounts receivable and premium records. The premium records are the basis for automated claims distribution.

Treaty Insurance

The system handles proportional and excess of loss treaties. It generates technical accounts for each treaty and accumulates statistical information.

Key Features

o Premium transaction entry
o Automated issuance of invoices, debit and credit notes
o Premium cover query
o Summary of business processed
o Gross profit per business report
o Bordereau of facultative premium per facility and carrier
o Bordereau of uncollected premium
o Treaty technical accounts
o Renewal lists
o Premium Payment Warranty report

Client/Server architecture
Graphical User Interface
Integrates with MPT's Multi-Currency Accounting System (MCAS)
Support for most databases and networking protocols
Windows - Windows NT - UNIX - OS/2 - AS/400
Multiple languages