Limit table

Bungy jumping also requires you to know where the limits are

THE LIMIT TABLE
Buildings, business equipment, goods, business losses.
If an insurance package consists of several insurable interests in the same location, it is advisable to establish a schedule for each interest under which no excess of your company's insurable capacity will be exceeded. It is essential that you set clear limits on your ability to provide security in good time.

MULTIPLE LOCATIONS
Amsterdam industrial estate, Amsterdam city centre, Leerdam, Rotterdam
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.

Therefore, our software provides a register in which every insurer can clearly record, for every insurance product, per interest, where the limits are and to what extent applications fall within or outside the underwriting 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.