This menu-driven module is designed to support and maintain policy information and other data required to produce reserve and renewal reports, as well as cost control and other financial analyses.
calculation and maintenance of due, unearned, and earned premium balances
calculation and maintenance of coverage reserve values
calculation and maintenance of fixed retention values and expense values
reporting on experience and profit/loss at the coverage level
production of income statements for either insurance or administration values, for any given period of time
reporting on policies due for renewal, allowing renewal activity to take place before policy lapse
manual input of all financial information, if Sigma's ADMINISTRATOR modules which automatically produce the data are not already in use
automatic rundown of reserve values on policy termination