QuickAssure™ : Problem Solved

We know that cargo insurance is the most transaction intensive and complex line of insurance plagued with many manual and inefficient processes. That these inefficiencies translate directly into high administrative costs and unnecessary risk exposure. The QuickAssure™ solution eliminates many of these administrative tasks to significantly reduce these overheads, and provide intelligent risk management tools that allow for an unprecedented level of control over costs and risk exposure.

QuickAssure™ solves the following problems for you and your clients:

For the Broker

  • Labor-intensive process of verifying and declaring shipments.

  • Labor-intensive process of billing the client, collecting the premium, calculating and extracting the commission, and paying the underwriter.

  • Claims management is expensive and labor-intensive yet generates no direct income to the broker.

  • Little or no collaboration tools available to manage the policy, and all parties involved, from its inception to its execution.

  • Lack of timely information limits the speed of processing both bookings and claims, which translate to added (time) costs, and delayed commissions.

  • Errors due to multiple manual entries increases correction overhead.

  • Repeating and redundant manual tasks to accomplish daily tasks and complete legally required forms and documentation.

  • Difficulty in building, maintaining and running a system internally (complexity).

  • Competitive pressures drive down prices without decreasing costs.

For the Assured

  • Difficulty in manually filling out certificates and calculating premiums for every shipment

  • High administrative costs of collecting and compiling details of shipments to submit periodic declarations

  • Delay in settlement of claims

  • Excessive amount of paperwork is generated, collected, filed and archived for each transaction and claim

  • Delay in receiving shipment information from all internal locations to the person in charge of declaring the shipments to the insurance companies.

  • Difficulty of generating risk management reports to perform proper risk analysis

  • Under utilizing existing IT investments in ERP and accounting systems.

With QuickAssure™, managing your cargo insurance couldn't be easier...

 

 

Highlights:

  • Collaborate with your business partners

  • Create a powerful global presence

  • Claims settlement and Recovery

  • Control your risk exposure

  • Understand your business

  • Organized Policy Management

  • Anytime global access

  • Stay informed

  • Take control of your business

  • Grow your business

 

 

© 2003-2010, World Assurance Inc. All Rights Reserved.