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What’s new: spoofed position filtering, enhanced exposure extraction and more

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Insurwave Team
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Contents

Summary

Check out our latest releases:

  • Expansion of standard zones for enhanced reporting
  • Enhanced exposure extract to include policy terms​
  • Spoofed position filtering
  • Quote generation enhancements

Expansion of standard zones for enhanced reporting

Streamline your exposure reports

In response to your feedback we expanded the list of standard zones on the Risk Map to now include countries, US states and blast radius zones around airports. 

As a result of these changes users can now:

  • Search and select between overlapping zones with ease
  • View all countries and US states, which are now visible at any magnification level by default, and extract exposure details.

Blast Zone and Us States Zones

Enhanced exposure extraction

Capture and download policy terms alongside live TIV

We have now expanded our exposure export feature to include policy terms. As part of our focus to capture and export terms in a more structured way, users can also amend the policy terms at any point throughout the policy with changes automatically reflected in the export.

Please note, this update is currently available only to our users with aviation portfolios.

Exposure Extraction

Filter your spoofed positions

Spoofed positions are now removed automatically from the risk map

The recent increase in geopolitical upheaval has resulted in a number of occurrences of vessel spoofing (false positions received from location data providers) impacting many marine insurance companies and vessel operators’ day-to-day administrative responsibilities.

To combat this issue, we created a tolerance-based logic solution based on the speed of the tracked vessels, ensuring that any vessel that travels beyond the speed of 70 KM/H is flagged as a spoofed position and automatically removed from the Risk Map.

However, for those users wanting to analyse spoofed positions, the summary of these positions is available on request including SSI details, timestamps, positions and IMO numbers. 

Spoofed position filtering

Quote generation enhancements

Delete, edit and manage your quotes with clarity

To help our clients manage multiple quotes effectively, we have made a number of changes to the way you add, edit or delete quotes on the voyage platform. 

Our ‘generate voyage’ button has now been moved to the top of the table for ease of access, alongside new status options for war quotes: ‘New’ Accepted’ and ‘Not Taken Up’. 

Similarly, users can now delete their own quotes in one click, with a pop-up confirmation to protect against any accidental actions. 

Quote Status Update

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