Streamline the way you manage insurance
Having a complete picture of your overall insurance program is key to having the optimal insurance cover and expenditure. With Ventiv, you get total access to your entire portfolio of policies, for all lines of business, from global to local, in one system.
Ventiv's policy and program management modules significantly reduces your administrative burden by keeping all your policies in one place. The system also:
Ventiv eliminates the time and effort needed to see your entire insurance policy program. Reports show you what risks are insured, all participating insurers and co-insurers and where any policies overlap. Quickly spot gaps and overlaps in cover and instantly see information about all your insurance policies and understand how they contribute to your overall insurance policy landscape.
At the click of a button, Ventiv delivers information about each policy as well as your aggregate program. You configure the Ventiv modules and reports to show what you want, such as limits, deductibles, effective dates, conditions, variations, sub-limits, premiums, brokerage, insurer panel and more.
You’ll accurately evaluate the performance of all your policy programs. Monitoring the loss ratios and identifying poor performing areas with the ability to follow up with targeted loss control programs. Keeping an eye on the erosion of your aggregates and policy limits in real-time. Ventiv empowers you to make the right management decisions and reserving for potential losses.
When done manually, managing certificates of insurance is almost invariably a time-consuming task. What’s more, it can be quite complex to comply with the regulatory requirements around insurance contracts and the display of certificates. By contrast, the typical Ventiv user slashes the time needed taken from request for a certificate to issuance by 90 percent.
Ventiv gives you the power to automate and streamline the management of incoming certificates of insurance. Define custom insurance requirements based on the type of vendor or contract. Track each vendor’s compliance with those requirements. And set up automated email reminders to vendors, business units and your organization’s insurance department whenever a certificate is past due or out of compliance.