iBima

Policy administration fails quietly. Each product line has slightly different rating inputs, endorsement rules and renewal timing, so each one accumulates a workaround. The workaround becomes a spreadsheet that sits beside the system and is more current than the system. At that point the policy record is no longer the source of truth, and every downstream number — renewals due, premium written, exposure by class — has to be assembled by hand.

• 01 Product-line differences handled outside the system rather than modelled inside it
• 02 Endorsements applied without a clean history of what changed and when
• 03 Renewal cycles tracked separately from the policies they belong to
• 04 Reporting rebuilt manually because no single record could answer the question

A policy engine where product-line variation is a modelled difference rather than an exception. The record carries its own history, so an endorsement is a versioned change to a policy rather than an overwrite, and renewal arrives as a stage on the policy’s own timeline rather than a separate list somebody maintains.

• 01 Quotation and issuance with rating inputs modelled per product line
• 02 Endorsement handling that preserves what changed, when and by whom
• 03 Renewal handled as a lifecycle stage carrying its own notice generation
• 04 Broker, agent and direct surfaces reading and writing the same underlying book
• 05 Renewal and premium notices sent over local carriers, with confirmation of what landed

What the business can do that it could not before.