Expert Insured, London Market AMS
Policy and market administration for London workflows. Expert Insured (EI) helps teams orchestrate DA operations, capture the fields required by MRC v3/CDR, support placement administration compatible with PPL processes, generate DDM-ready bordereaux and manage premium processing with audit evidence, with open APIs.
Built for London Workflows
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MRC v3 → CDR: capture MRC v3 fields and map to CDR elements, with validation rules to keep inputs consistent.
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PPL processes: support for placement administration compatible with PPL workflows (pack completeness checks, versioning, change logs). We do not claim a product integration unless contracted.
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Bordereaux & reporting: risk/premium/claims bordereaux with QC, maker-checker and versioning; scheduled distribution designed to keep timetables on track.
Agency management system for MGAs, Wholesalers and Delegated Carriers and policy management system.
Who It Serves
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Coverholders: submission intake → MRC packs → bind/issuance; endorsements and EPIs/COIs; bordereaux on schedule.
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Managing agents: cleaner data into CDR; exception dashboards; premium-ops controls and evidence packs.
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Brokers: placement administration compatible with PPL processes; pack QC and versioning; MI for cycle times and rework.
Core Capabilities
Delegated Authority (DA)
- Binder and authority management with referral paths.
- Submission intake, appetite gating and clearance.
- Bind/issuance; endorsements; cancellations/reinstatements.
MRC v3 & CDR
- Pack assembly and field capture.
- Validation rules (required/format/list/range) with exception queues.
- Export files for downstream processing.
Bordereaux & Reporting
- Risk · premium · claims bordereaux with versioning.
- Maker-checker sign-off; distribution lists and timetables.
- DDM-ready outputs; SFTP/API delivery is available after security approval.
Premium Processing
- Cash allocation; IBA/trust reconciliations.
- Producer/commission statements.
- Exception handling with activity/audit logs.
Controls & Accuracy
- Role-based access and SSO; activity and change logs.
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Accuracy target: ≥99% on sampled critical fields once steady state is reached.
Footnote: KPIs are typical targets. Final SLAs are set during discovery based on volume, mix and systems. Selectsys executes under your authority; underwriting and pricing decisions remain with you.
Integrations & Hosting
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Open APIs and file gateways (SFTP/API) for batch or near-real-time exchange with PAS/AMS/CRM and data stores.
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Regional hosting options (UK/EU/US) with GDPR/UK DPA & IDTA support.
Typical Outcomes (after bedding-in)
- Shorter placement/servicing cycle times versus your baseline.
- Fewer bordereaux exceptions; reporting on schedule.
- Cleaner premium processing under maker-checker controls.
FAQ's
Connected Across the Insurance Lifecycle
Selectsys operates as a connected insurance infrastructure. Each component supports a different part of the policy lifecycle while remaining fully connected inside one operating system.
- RQB : Rate, Quote, Bind workflows supporting API, Excel, ISO, and AAIS driven rating sources.
- Expert Insured : Full policy lifecycle management including issuance, endorsements, renewals, and servicing governance.
- Premium Accounting: Insurance native accounting handling agency bill, direct bill, trust reconciliation, bordereaux, and premium finance workflows.
- CoverPay : Installment billing and payment collection infrastructure allowing you to control your own merchant account without third party billing vendors.
- Insurance BPO: Embedded operational execution across submissions, underwriting support, endorsements, renewals, accounting assistance, and policy servicing.
Each capability can operate independently, or connect with the others as the operation requires.