Cumulative risk mapped

SEVERAL LOCATIONS
Amsterdam industrial estate, Amsterdam city centre, Leerdam, Rotterdam
An engulfing fire can easily turn an entire industrial estate into ashes.
If an insurance package covers insurable interests at different addresses, it is advisable to consult a limit table based on postcode/house number.
Then on the basis of coordinates longitude/latitude.

Our software therefore provides a register in which each insurer can clearly show, for each insurance product, for each interest, where the limits are and to what extent applications fall within or outside the underwriting limits.
Assessing this is usually a task that specialised underwriters deal with.
They then apply for a "Special limit" from another (re)insurer. And so this can also be administratively
processed with RealXS Software. See page SPECIAL LIMITS

Every insurer knows where the limits are in terms of the amount of damage it can compensate.
It is then convenient if the Back Office checks with every application whether these limits are exceeded.

Other people, other limits
If an insurer has decided to issue a power of attorney to a GA, it is conceivable that this power of attorney will be assigned its own set of limits.
In other words : then it is convenient if the Proxy can show the insurer a report on the product, showing which limits it has applied in the Back Office for that product. That report is actually a hardcopy of the report on the product. It contains all the agreements made with the insurer.

Specialised Intermediary
RealXS Software allows the Intermediary to install insurance products operationally.
After installation, they can look for insurers willing to provide coverage.
This can be done 100% or through co-insurance.
Insurers willing to participate can immediately set their limits, if desired, by setting
a limit for each part of the policy.