Binding Restriction Management demo
When a storm or fire approaches, binding stops in the right places within the hour; when it passes, moratoria are honored to the ZIP code. 1:14
What the demo shows
A catastrophe underwriting solution that suspends and lifts binding by county and ZIP code.
The manager lassos the counties under the forecast cone on a ZIP-code map; the selection snaps to the ZIP codes the watch covers, and a dry run shows the quotes it would stop and the agents it will tell before anything is applied. Six agents check scope, exposure, rules and moratoria; two people sign; every agent gets a notice for their own ZIP codes; after the storm every cancellation and nonrenewal notice is checked against state orders before it prints.
Transcript
- Binding Restriction Management suspends and lifts binding by county and ZIP code.
- When a watch goes up, many carriers simply stop binding statewide.
- At 11, a hurricane watch covers six counties.
- Dana lassos them under the cone.
- Before anything applies, the dry run shows 214 quotes stopped.
- Inland ZIP codes stay open.
- Statewide, over 1,000 would stop.
- Six agents check scope, exposure, binding rules, and moratoria.
- Marcus Coe signs. Binding stops 38 minutes after the advisory, 386 agents are told.
- Later, every non-renewal notice is checked against state moratoria before it mails.
- Binding suspended in exactly the zip codes the watch covers, and no whiter.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.