OverviewData WarehousePolicy AdministrationClaims AdministrationInsurance AccountingMember Portal

Risk360°/Policy Administration automates the entire new business and renewal underwriting and policy administration functions of your pool, including the following key functional capabilities:

  • Maintain complete history of exposures, coverages and premium for each policy.
  • Fully automated rating with override capability for special exceptions.
  • Production of declaration sheets and schedules.
  • Automatic creation of invoices and credit memos through the Risk360°/Insurance Accounting module.
  • Issue and track certificates of insurance.
  • On-line underwriting notes.
  • Fully automated calculation of ceded premium.
  • Browser-based user interface for simple maintenance and short learning curve.
  • Supports all Property, Casualty and Workers Compensation coverages including:
    • Property
    • Auto Liability
    • Crime
    • General Liability
    • Boiler & Machinery
    • Garagekeepers Liability
    • Business Interruption
    • Public Officials Liability
    • Inland Marine
    • Law Enforcement Liability
    • Auto Physical Damage
    • Excess Liability


Risk360°/Policy Administration is designed from the ground up to conform to the unique information technology needs of each pool through the Customization Through ConfigurationTM feature. This module has a very large set of parameters, some of which include:

  • Coverages and sub-coverages that are being sold and their options for deductible, limit etc.
  • Exposures used to calculate premium.
  • Exposures that are scheduled vs. reported in aggregate.
  • Data elements to be captured for each type of scheduled exposure.
  • Rating formulas, rates and rate modifying factors for each combination of rating
    classification and coverage.
  • Pool underwriting rules and policies.

Key Benefits

  • Creates substantial operational efficiency so that a large volume of membership
    servic ing activity can be performed by a relatively small staff.
  • Data is consistent, accurate, and detailed for both internal and external management reporting using Risk360°/Data Warehouse.
  • Lifetime cost of ownership is significantly reduced by Customization Through ConfigurationTM and web browser based design.

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