Insurance Solutions

nsure eCover, a fully-integrated application, generates motor and non-motor (P&C) cover notes online based on parameters set in underwriting guidelines. All interactions with customers are fully documented and all involved parties are working in a centralized paperless environment. It provides all functions necessary to fully automate administration of a policy throughout its life cycle, including:

Automatic, instant calculation of premiums and discounts (negotiation able). (Negotiable) Future and back dated adjustments (back of renewal), cancellation, lapsing and reinstatement with all necessary cash-flow calculations, on-line or batch printing of documents, collection of premiums, matching of payments, etc.

  • Handling of cover notes.
  • Handling all communication with relevant third parties.
  • Exception-based workflow management.
  • Instant issuance of eCover note without any errors.
  • Underwriting Guidelines.
    • Issuance of cover note strictly according to underwriting guidelines.
    • Periodical changes in underwriting guidelines with changing market conditions.
    • Control on risk acceptance.
    • Control of non-insurable risk coverage and risks falling beyond acceptance limits.
  • Instant premium quote.
    • Error free risk assessment and premium calculation.
    • Can convert or modify existing quote.
    • Avoids spending time in monitoring and administering guidelines.
    • Easy to arrange for reinsurance.
  • Report generation.
    • MIS reports.
    • Agent performance report.
    • Outstanding amount due from agents.
    • Commission due to agent.
  • Online eCover note generation.
  • Easy to quote premium instantly without any errors.
  • Client Profile creation.
  • Conversion of premium quotes to cover notes at client convenience.
  • Underwriting guidelines for quick and convenient verification of risks proposed for insurance.
  • Refer risks option for risks beyond acceptance limits.
  • Renewal notice generation and auto reminders.
  • Generation of performance appraisal reports and MIS reports.
  • Conversion of data from motor module to non-motor module and vice versa to generate cover note.
  • e-payment: Remittance by agents and insured to insurer.