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Reserves and Loss Financials

When you need to do more than suggest a number W5 reserves management gives you reserve and payment tracking and reporting.

Reserves and Payments, complete with transaction history.

  • Record coverage limit, coinsurance, valuation type, etc.
  • Record financial transactions in multiple currencies such as set/adjust: reserve, payment, recovery, set/adjust: deductible, apply deductible.
  • Control pure loss, expenses by type (adjusting, legal, etc.) as a whole and by coverage and by claimant/insured and by property.
  • Enforce financial rules.
  • Define reserve methodologies to accommodate strict or loose enforcement for different client requirements.
  • Produce reserve worksheets complete with financial audit trail.
  • Monitor aggregates.
  • Issue payment requests and write checks.
 

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