Word processing
Standard work or customisation?
Compiling and formatting policy documents is still a labour-intensive business when variable texts, optional clauses and descriptions have to be incorporated.
Real-Text
The policy system is also linked to Real-Text which is used to compile standardised or variable policy texts. Using carefully chosen words is good for your company's corporate image and can avoid unnecessary litigation.
Policy Formatters
Policy Formatters are part of the team that registers a product : they can themselves set up all the necessary to enable automated formatting. And if improvements are possible or adjustments are necessary, they do it themselves!
Drafting policy documents can seem like a simple task, unless there are special agreements to be recorded such as:
General provisions that refer to the relevant terms and conditions;
Please note the following.Special excess provisions;
mandatory clauses;
variable clauses;
facultative clauses;
"customisation"
"customisation"
descriptions that relate to one specific insured interest;
As a result, managing hundreds of thousands of policies is a bulky task that can hardly be managed in an automated way.
Team RealXS has found a very useful solution to this.
Enter a new clause
This makes it possible to enter e.g. a millennium clause once, so that all relevant policies are automatically provided with it. So that can now be sorted out in ten minutes of cutting and pasting!
Replacement Policy Document
In the event of changed continuation, a replacement Policy Document will be sent automatically, as it can then again be provided with digital signature by insurers.