KIT allows you to take control of all financial data and transactions.

• Calculates and produces debit notes, policy ledgers and policy statements on a per policy basis
• Produces broker statements with full age analysis, either by policy or by invoice number
• Calculates commission due to brokers / agents and produces broker commission statements
• Allows for receipt and allocation of bulked or single payments from brokers/agents
• Includes automated or manual write-off functionality
• Maintains full ledgers on:
  
  
  • Policy premium
  • Broker commissions and fees
  • Administrative and policy fees
  • Treaty and facultative reinsurance premiums
  • Co-insurance premiums
  • Reinsurance commissions
  • Claim estimates, payments, recoveries and salvage
  • Reinsurance and Co-Insurance portion of claim ledgers
  • Third party ledgers such as service providers, legal firms, assessors etc.
  
  
• Calculates Unearned Premium Reserve levels and movements and IBNR fund contributions
• Supports premium collections via debit orders