BINDERS

Fields	Description
Turn on multiple layers	Turn on/ off the layers of the product premium.
Unique Market Reference	The unique reference allocated to the binding authority contract by the Lloyd’s market. Must be provided and unique.
From Date To Date	Effective date of the binder. Display as dd/mm/yyyy - dd/mm/yyyy
Carrier: Select Carrier Carrier Name Carrier Address Carrier Postcode Carrier City	Capturing the insurer’s: name, address, postcode, city. If users select an existing carrier, the fields are auto-prefilled with the carrier’s information which have been setup in Carrier list. Users can edit the information and it’s only reflected in Binder list, the original carrier isn’t affected. The “Select carrier” function is optional. Users can input their own set of carrier info. The input doesn’t create any new record in Carrier list.
Line of Business	Dropdown list incl. all predefined items, e.g. Motor/Property/Personal Accident.
Section No.	The number of the section from the binding authority contract which authorizes this class of business to be written.
Commission (%)	Capturing the maximum commission percentage that the coverholder can receive as stated in the agreement.
Broker Commission (%)	Capturing commission percentage that being deducted for brokerage.

Layers of binders definition

For some specific products, the sum insured must be split into different layers. Each layer can have different commissions and carriers. After turning on the layers, the binder fields will be different

The new form is opened when you add a new layer to the binder. You can add up to 5 layers per binder.

Fields

Description

Carrier:

Select Carrier
Carrier Name
Carrier Address
Carrier Postcode
Carrier City

Capturing the insurer’s: name, address, postcode, city.

If users select an existing carrier, the fields are auto-prefilled with the carrier’s information which have been setup in Carrier list. Users can edit the information and it’s only reflected in Binder list, the original carrier isn’t affected.

The “Select carrier” function is optional. Users can input their own set of carrier info. The input doesn’t create any new record in Carrier list.

Commission (%)

Capturing the maximum commission percentage that the coverholder can receive as stated in the agreement.

Limit to (amount)

The maximum sum insured one layer can contain. If the product sum insured is larger than the limitation of the layer, then the exceed will be contained in the next layer.

Add a new layer

Open the Product Settings page
Create a new binder or Edit a current binder
Turn on the option multiple layers as in the image below
Click on the + button on the Layer section
Fill in all the fields in the form. You can choose the current carrier on the Select Carrier field, or fill in new carrier information on all the fields. Note! The limit to value must be different than the current layers' value.
After finishing the form, click on the Save button the create your new layer

Edit a layer

Open the Product Settings page
Create a new binder or Edit a current binder
Click on the edit (pencil) button on the layer that you want to change. Note! The limit to value must be different than the current layers' value.
Change the information on the form
After finishing the form, click on the Save button the update your layer

Remove a new layer

Open the Product Settings page
Create a new binder or Edit a current binder
Click on the remove button on the layer that you want to remove
Click on the Yes button to confirm your action
Remove the layer successfully

CARRIERS

Actions on Binders/Carriers

Actions

Description

Clicking this button opens the Edit popup for a particular record. Users can make amendment to any fields.

Clicking this button to trigger the record deletion. Once confirmed, the record is deleted.

Binders:

Carriers:

INSURANCE COMPANIES

The insurance companies tab is the place where you can define your customers' previous insurers. You can see all your predefined insurance companies.

You can read more about how to use the insurance company when creating a quote How to send a termination letter?

If you can’t see the insurer, click on the Search & Filter button, enter the name or email of the insurer, and click on the Search button to conduct a search. You can input the full name, of a word in the insurer’s name.