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KIT simplifies the underwriting process without compromising on any underwriting detail.
- Records all client information, including payment methods and banking
details
- Records all policy and cover information, including:
- Inception, endorsements, renewals, cancellations, reinstatements, NTU
- Risk groupings, policy sections, risk / cover items
- Sums insured, EML/MPL, risk exposures, premium rates and fixed premiums
- Risk descriptions, classifications and other info relevant to underwriting
basis
- Commission and fee structures
- Policy notes
- Additional policy documentation
- Supports backdated endorsements and cancellations
- Supports multiple product types and different policy frequencies, eg.
monthly, bi-monthly, quarterly, annual, once off or custom anniversary
- Produces customised client specific policy schedules
- Generates debit notes, credit notes and other policy
documentation
- Full support for multi-lingual document generation
- Supports quotations, which can be instantly converted to policies on
acceptance
- Caters for ad-hoc extensions or limitations
- Supports flexible automatic rating based on user-definable rules
- Premium calculation schedules
KIT has a generic product configuration architecture. We are therefore able to create, configure and customise corporate and commercial products according to your needs.
Variants of the following products are currently configured:
- Multimark III
- Assets All Risks
- Engineering (CAR,PAR,EAR, Machinery breakdown / LOP)
- Bonds & Guarantees
- Marine
- WCA
- Aviation
- Personal lines
- Professional Indemnity
- All specialised products such as Funeral Benefits, Farmers, Hunters
and Travel Insurance
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