An unrivalled combination of features and value for money

Websure Features

Websure provides all the features needed by underwriters, underwriting agencies and brokers with delegated authority.

These include:

  • Highly flexible rating tables
  • Multiple loadings and discounts
  • Clause wordings database
  • Calculates premiums and mid-term adjustments
  • Calculates overseas taxes
  • Handles wholesale and direct business
  • Produces all policy documentation
  • Document management with scanning
  • Diary
  • Bordereaux reporting
  • Management Statistics
  • Claims processing and reporting
  • Renewal processing
  • Integrated double-entry accounting
  • Cashbook, bank reconciliation
  • Cheque printing
  • Secure payment by on-line credit card
  • Automated direct debit processing
  • Built-in disaster recovery
  • Integration with Microsoft Office

Scheme Builder

Websure's Scheme Builder is unique in allowing users to configure their own insurance products without the need for programming skills. All the parameters needed to define the rating tables, discount structure and policy sections are stored in tables and can be changed by the scheme administrator whenever necessary.

Scheme Builder allows the user to specify:

  • Unlimited policy sections (e.g. Contents, Buildings, All Risks etc)
  • Up to 50 rating factors (e.g. age of insured, vehicle group etc)
  • Multiple discount and/or loading (e.g. No-Claims Bonus etc)
  • Unlimited insured items per policy (e.g. vehicles, insured persons etc)
  • Sums insured either per item or for list of specified “sub-items”
  • User-defined fields can be added per scheme.
  • Rates or premiums for each combination of rating factors.
  • Minimum and Maximum sums insured
  • Minimum premiums
  • Banded Rates
  • Commissions and fees for multiple intermediaries

Advanced features can be handled using “auto derives”. These use a scripting language to handle complex underwriting rules and are typically used to automate:

  • Referral rules
  • Automatic clause addition and deletion
  • Finance charges

With a combination of the standard Scheme Builder features and Auto-Derives, you can be confident that Websure will handle even the most complex insurance products.

Documents and Correspondence

Microsoft Word integration allows users to easily create the majority of standard letters and policy documentation.

In addition, Websure incorporates the award winning reporting tool “Report Builder” from Digital Metaphors. This provides a more powerful and flexible means of producing reports and policy documentation. It is typically used for documents such as schedules. Both types of report can be customised easily by the user.

A typical scheme would include the following policy documentation:

  • Quotations
  • Cover Notes
  • Certificates with schedule of insured items, clause wordings etc.
  • Endorsements
  • Debit Notes
  • Renewal invitations
  • Renewal certificates
  • Standard Letters

Report Builder reports can be output either to a printer or saved as a file in a variety of formats including Excel, PDF, HTML and Rich Text.

Document Management

Websure incorporates a powerful and very comprehensive document management system.

A copy of each policy document produced by Websure is automatically filed against the policy, claim etc. and can be reprinted at any time. In addition, documents created in Word, Excel (or for that matter any file) can be stored in the system attached to a particular policy. The documents are stored within the SQL Server database and are therefore replicated to all servers. Proposal forms, valuations and surveys can be scanned if required and stored against the policy.

Where a document needs to be modified, the system will automatically store all previous versions.

Microsoft Office Integration

Websure is closely integrated with Microsoft Word and Outlook. Template letters and insurance documents can be created easily by the user incorporating data from the policy, account or claim and mail-shots can be issued by letter or by email.

With just a few clicks, the user can send emails to policyholders, agents, insurers etc. and these are automatically stored in the Websure document management system against the appropriate policy, claim, account etc.

Emails received can be copied from Outlook into Websure's document management system where they will be automatically replicated to all offices.

Management Reporting

In addition to a comprehensive range of standard bordereaux and management reports, Websure allows you to create your own custom reports using a variety of reporting tools including:

  • Reportbuilder (our built-in report designer)
  • External MI tools such as Business Objects and Crystal Reports
  • Microsoft Reporting Services
  • Microsoft Excel Integration

A flexible “Report Views” feature allows you to create custom queries to retrieve a particular set of data for analysis using Excel and these queries can be saved for future use.

Claims Administration

Websure includes comprehensive claims recording and processing with integration to accounts for settlement issue and underwriter collection. Reports include standard settled and outstanding claims bordereaux, loss ratio reports and earned-to-incurred statistics.

Binding Authority Administration

Websure provides the controls needed to ensure that binding authorities are handled according to underwriting rules. Transactions are automatically assigned to the appropriate binder and year of account with appropriate commission levels. Scheme rules can be set up to ensure that rates and sums insured are within underwriting limits.

Premium and claims bordereaux can be printed for any period and can be customised to meet individual insurer requirements.

Insurers can monitor the activity of cover-holders without having to wait for month-end bordereaux, greatly reducing the risks associated with delegated underwriting authority. This can be particularly useful where the cover holder is overseas and would otherwise be difficult to monitor.

A live statistics screen shows the current performance of each binder including loss ratios on a month by month basis for each year of account.

Accounting

Websure includes a comprehensive multi-currency double-entry ledger with all the features needed for IBA accounting and also for recording general office expenses, assets and liabilities.

The system allows you to post to past and future periods (within limits that you decide) and all reports provide a snapshot of the accounting situation as-at a specified date, allowing month-end reports to be produced at any time without being affected by later transactions.

Features of the accounting system include:

  • Full transaction history including allocations
  • Cashbook and bank reconciliation
  • Cheque printing
  • Statements
  • Credit control letters and diary
  • Trial Balance
  • Aged Debt Report
  • Multi-currency
  • Currency revaluation
  • Automatic posting of foreign exchange gains and losses

Payments can be processed in a number of ways including on-line credit card transactions and automated monthly direct debit collection via BACS.