OPEN MARINE - P&I CLUBS AND MARINE INSURERS

Open Marine Feature Summary

Open Marine is the insurance underwriting and administration system for the P&I and Marine insurance proving support for all marine classes in a single system solution.
Open Marine supports the full lifecycle of the insurance business process from new business acquisition; risk monitoring and administration; accounting; claims management; reinsurance; management information and renewal processing, enabling our customers to manage all aspect of their insurance and reinsurance activities.
Key Features :

• A flexible integrated rating engine is available supporting Underwriting adjustments
• Underwriting and rating are supported at fleet, policy group or individual vessel levels
• Includes inward and outward credit control
• Multiple section, layered/programme and package policies administration
• Ability to administer Binding authorities and lineslips
• Full multiple currency throughout with historical rates of exchange
• Supports coinsurance and 100% lines
• Includes multi-level claims authorization
• Seamless integration with document management, business intelligence and other 3rd party business tools to maximise the value of data held by your organisation
• On line reporting offers up to the minute management information, supporting ‘drill’ and ‘hot-key’ links to underlying data giving easy and quick cascading detailed analysis allowing better informed management decisions
• Integrated enquiry and reporting capabilities support ‘drill down’ and ‘hot-key’ links to underlying data giving easy and quick easy access to management information
• Incorporates a Document Production Module and can be seamlessly integrated with document management, business intelligence and other 3rd party business tools
• Integrated diary/ workflow module enables workflow management, increased efficiency and performance, and reduced costs