OPEN MARINE - P&I CLUBS AND MARINE INSURERS

Inward Premium and Credit Control

Premiums
Net or Gross premium rates are calculated using client specific formulae that can be created and held in the rating tables. These are assigned to Class/Year of account.

Underwriters are able to make further recorded adjustments to the rates.

Depending upon market and policy type premium closings are; generated by policy input and endorsement (AP and RP), manually entered individually, as part of a treaty or as instalments.