'PolicyX018B page 003.02 Document 18/10/93Having defined all the programme-level data and created a policy record for each country, the user then accesses the individual policy records in order to tailor them to reflect local conditions. ...
The system has its own exhange rate tables, which hold weekly exchange rates for the last two years for around 180 currencies. When peril/cover and extension data is brought down from programme to policy the system will convert the limits from programme currency into the policy currency.
... Once policy data has been input to the satisfaction of the Controlling office underwriter, then the system will generate policy notifications for the Servicing offices. In the case of the system offices this notification takes the form of an electronic transfer of data between systems which takes place overnight. For non-system offices a standard document is automatically produced for faxing.'
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© Clare Tagg 2000