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Functional Overview
Underwriting
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Underwriting

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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