P&C Bordereaux Management Services
Overview
A unique, powerful and functionally rich P&C bordereaux management solution, integrated to a transactional system of record, that supports management and audit of individual premium, policy or risk level records, claim and cash data. Data can be ingested from a combination of bordereaux import, and direct user interface: configuration, mapping, and manipulation of both the importation of the (source) data and full configuration of the system of record (target) data. Includes ability to manage Binding Authority as well as Claims Authority referrals. Full Claim Top-Off and Cash-Call management. Support for Brokers, Carriers, Coverholders, MGAs, MGUs, and Reinsurers.
Key Features
- Template Creation and Translation” toolset that enables automated data cleansing, import, and mapping;
- An intuitive “drag and drop” rules engine to allow business rules validation of data received from multiple MGAs, MGUs, or TPAs;
- A set of services that can be deployed as:
- a completely stand-alone system (with direct integration to enterprise systems (e.g. General Ledger);
- or as an integrated component of an existing policy administration environment;
- An integrated configurable reporting service to allow users to analyze risk/claims data
- Agnostic Data Base – data stored on OWIT or existing Sirius System for downstream reporting
- Cloud/SaaS fully hosted service
For Brokers/MGU's/TPA's the ability to automate and unify the extract of data from disparate systems;
Functionality that allows for multiple and varied bordereaux output formats;
The ability to configure comprehensive transaction reports based on selected criteria;
The Electronic transmition to a carrier or reinsurer for processing;
Key Benefits
- With OWIT Global's Cloud-based Bordereaux Services the process can now be completed much easier and quicker, and with a higher degree of data accuracy and quality;
- Highly efficient and streamlined process for data importation and transformation - from multiple MGAs, MGUs or TPAs;
- Less time to market
- Less initial and long term cost