INSURANCE PREMIUM MODULE

An available System module provides the ability to track Insurance premium detail.  All classes of marine insurance premium rating are available including:

 

  • Hull & Machinery rate % on Insured Value.

 

  • Hull Interest and War Risk rate % on Insured Amount.

 

  • P&I Club premium per GT.  Includes estimated and Actual Supplementary Call.

 

  • Loss of Hire premium per day.

 

  • Flat Premium per Vessel.

 

  • Premium per Policy.
     

KEY FEATURES
 

  • Rates can be assigned per Vessel or Groups of Vessels.

 

  • Different rates per Underwriter or Market.

 

  • Adjustable rate for value changes automates adjustment calculations.

 

  • Additional and return premiums tracked.

 

  • Pro rata and annual premium reporting on a Policy or vessel by vessel basis.

 

  • Loss ratio reporting module included.