DV MarIns
The ultimate Software Solution for the Marine Insurance Industry
The software provides policy administration in a single combined package that offers:
– full support, from the start to the final financial agreement,
– integrated accounting management and monitoring,
– supervision of claims.
KEY FEATURES
Multicompany Support
Distinct roles & users
Traceability
User activity is recorded for easy tracking of modifications.
Business Entities
Each company may have its own distinct parameters.
Insurable Assets
Clear definition of the current state & history of each asset.
Work-Flow
Policy administration in stages from inception to finalization.
Documentation
For client, assured, insured or internal use.
Policy Types
Many different policy types, calculation methods, etc.
Accounting Module
Multi-currency, exchange rates, per company flexible chart of accounts, linkage to business entities, easy generation of financial transactions from contract info etc
Manage the Policy Flow
- Pending
- Debiting
- Control
- Finalization
- Customer requirements are collected and analyzed
- Offers from various markets are collected and compared
- Offers are submitted to customers for approval
- The most advantageous combination is selected
- Official documents are collected from insurers
- System calculations are cross-checked against the insurer calculations
- Installments are calculated and checked
- Official documents are issued in electronic format
- Temporary account movements are generated in the policy currency and the local (or base) currency
- The movements are then checked for consistency
- If the movements are in good order, the policy is finalized and locked
- No further modifications are allowed
- Temporary account movements are finalized
- A unique entry number is issued to organize the generated account movements into a logical group
Manage the Accounting Flow
– Track receivables
– Collect receivables
– Pay insurers
– Pay third parties
FEATURES SUMMARY
Multicompany Support: The software allows multiple companies per organization with distinct roles, users, etc. Multiple companies can be open at the same time. This makes it easier for small groups of users to work in different companies at the same time.
Traceability & Audit Trails: User activity is recorded to allow easy tracking of modifications.
Business Entities: Clear definition of the insurance business environment. Each company may have its own distinct parameters depending on its sector of activity.
Insurable Assets: Clear definition of the current state of each asset as well as the history of any modifications made during its lifetime.
Policy Types: Many different policy types, calculation methods, etc.
Work-Flow: The application provides policy administration in stages from inception to finalization. With the termination of each stage, the policy is forwarded to the next stage. User groups working on specific stages are only presented with policies specific to each stage, allowing segregation of duties and work specialization.
Documentation: Documentation for client, assured, insured or internal use. Documents may be related to data export, contracts, accounting, management information system.
Accounting Module: The accounting module includes multi-currency, exchange rates, per company flexible chart of accounts, linkage to business entities, easy generation of financial transactions from contract information, ledgers and reports, possibility to export financial transactions to external accounting software, etc.
Organization: The software allows multiple companies per organization with distinct roles, users, etc.
Customization: Each company can have its own distinct parameters depending on the sector of activity (assets, types of contracts, endorsements, claims, etc.)
Market: Definition of the insurance business entities including the assets of the company.
Policy flow: Pending à Debiting à Control à Finalization
Claims: registration of incidents, addition of evidence, list of reinsured risks, calculation of profit/loss.
Accounting: transaction parameters, accounts, currency, ledgers, reporting, export e.tc.