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| The GLOBAL XLPro Excess of Loss - Premium Adjustment Management (PAM) module enables inward premium and risk data to be collected and presented to the outward excess of loss contracts. Premium and risk data are automatically attached to contracts according to the year of account and statistical coding |
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Key features include:- Premium maintenance including capture of all inward premium with extensive statistical analysis. Premium can be captured in various forms as defined by the client including settled, written, earned.
- Multiple premium adjustment calculation methods can be defined.
- Automated calculation run:
- Processing of all premium data against all adjustable X/L contracts.
- Calculation of total adjusted premium.
- Calculation of commission/deductions and profit commission including deficit clause.
- Audit trail of calculation of adjusted premium by risk for both internal and external use when required by reinsurers.
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