Sigma Encore's Policy module allows risk managers to record and manage policy information for in-force and historical contracts. Risk management departments that preside over a large portfolio of policies or a diverse self-insured retention program will benefit greatly. Reliance on brokers and carriers for policy information is reduced as well as the need to handle and reference original paper contracts.

The Policy module allows risk analysts to quickly generate reports concerning pending policy expirations, premium cost trending and payment schedules, coverage, and broker and carrier contact information. Reporting on the exhaustion of coverage limits is made easy with seamless integration of your claim data. The ability to attach and view imaged documents for quick reference of policy forms and endorsements becomes an invaluable aid in coverage research, a task to which risk managers devote a considerable amount of time.

Policy module features and benefits include:

• Policy characteristics similar to standard insurance declaration page
• Primary policy with reference to respective excess and related policies
• Allowing for retro policy programs including loss pick value
• Layer description including position in the layer, limit ranges, percent of expenses covered
• Policy specific deductible, SIR threshold and value share limits
• Setting limits, deductibles and retentions per claim, occurrence and aggregate
• Breakdown of the costs of a policy and a premium payment schedule
• Seamless integration of claim detail and related financial values
• File attachment allowing for link to any related set of electronic documents