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- Marine Insurance System
- Process
- Policy preparation
Policy preparation
A marine policy starts with an insurer organization and a known policyholder. The Insurance Coordinator enters the subject, dates and premium, assigns an owner and attaches coverage lines. The current revision is the unit of review. Changes made after submission need a clear new review path so the underwriter decides on the terms that will be issued.
Step by step
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Identify assured Insurance Coordinator
Insurance Coordinator selects the policyholder and checks the owning organization and eligibility note.
- Identifies the insurer and assured
- Updates Organizations, Policyholders
-
Prepare policy Insurance Coordinator
Insurance Coordinator records the policy number, subject, owner, effective date and premium while the policy is Draft.
- Establishes case identity and owner
- Updates Policies, Team members
-
Define coverage Insurance Coordinator
Insurance Coordinator adds hull or cargo lines with limits, deductibles, exclusions and dates as needed for the case.
- Associates reviewed terms with policy revision
- Updates Policy coverages, Policies
-
Submit policy review Insurance Coordinator
Insurance Coordinator sends the current policy revision to under review with supporting attachments for the Authorized Underwriter.
- Makes current revision ready for decision
- Updates Policies, Record attachments
Who does what
Roles and permissions- Insurance Coordinator
- Prepares and submits.
- Authorized Underwriter
- Receives the reviewed case.
- App Administrator
- Maintains organizations and policyholders.
- Auditor
- Can inspect authorized records.
Set up Marine Insurance System your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.