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Flood Insurance à la CarteWould you like to be able to determine a property's location online and verify this with the NFIP electronically? How about downloading NFIP policy forms while your client is sitting in front of your desk? Wish you could search for claims figures or access rates without having to wait for someone else to "get back to you" with the correct information? All of these services are available now or will be available before the end of 2006 through services developed by the NFIP's NextGen project.Progress Report One of NextGen's newest developments this year is shifting the Transaction Record Reporting and Processing (TRRP) Plan data reporting from a monthly to a daily submission. TRRP is the process of collecting and consolidating all of the policy and claim information from the WYO companies, checking its quality, and producing reports for FEMA to track and administer the NFIP. The à la Carte Approach Because all NextGen "à la carte" services are optional, independent agents, WYO companies, and vendors can choose to use just the tools that best fit their needs. For example, a WYO company may prefer to use its own claims system for processing losses but opt to use NextGen's Flood Rating Engine Environment (FREE) rating system for underwriting its NFIP business. Watermark will review all new modules--or à la carte offerings--as they become available. |
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Last updated on December 1, 2006
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