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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.

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Built for London Workflows

  • MRC v3 → CDR: capture MRC v3 fields and map to CDR elements, with validation rules to keep inputs consistent.
  • 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.
  • 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

  • Coverholders: submission intake → MRC packs → bind/issuance; endorsements and EPIs/COIs; bordereaux on schedule.
  • Managing agents: cleaner data into CDR; exception dashboards; premium-ops controls and evidence packs.
  • 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.
  • 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

  • Open APIs and file gateways (SFTP/API) for batch or near-real-time exchange with PAS/AMS/CRM and data stores.
  • 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

Yes. EI captures MRC fields and maps to CDR elements with validation and exception queues.
We support placement administration compatible with PPL processes, which reduces rework and improves pack completeness. We do not claim a product integration unless contracted.
EI produces DDM-ready files; SFTP/API delivery is available after security approval.

How This Module Connects to the Full Insurance Lifecycle

Selectsys operates as a unified five module insurance infrastructure. Each component supports a different part of the policy lifecycle while remaining fully connected inside one operating system.

  • RQB — Rate, Quote, Bind infrastructure supporting API, Excel, ISO, and AAIS driven rating engines.
  • 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 module can operate independently, but maximum efficiency is achieved when deployed together as a single lifecycle system.