Product Benefits
The GENOA system offers substantial advantages and value-added features to all parties involved in the insurance process.
For the Shipper
- Save time preparing certificates and bordereau declarations
- Simplifies generation of insurance reports
- Offers vastly improved risk management capabilities
- Simplifies claims initiation and tracking
- Better information and lower administrative costs result in greater accuracy and lower premium rates
For the Broker
- Eliminates need to verify premium calculations and to verify compliance with policy
- Eliminates re-keying of data
- Saves time and cost in preparing and mailing invoices as well as payment processing
- Simplifies the management of accounts receivable
- Collaboration tools simplify the management of special-case shipments
- Comprehensive follow-up reminder system adds enhanced organization to broker operations
For the Underwriter
- Offers a standardized database of detailed shipment and storage information for analysis without the need to re-key data
- Built-in analysis tools offer real-time risk management capability
- Premium rating becomes more precise and more competitive without adding undue complexity
- Exception-based risk and claims notification tools provide pro-active re-insurance initiatives
- Policy compliance engine eliminates errors, providing protection against fraud and identifying special-case situations that require follow-up
- Claims management is faster, more simple and less costly