Compas provides a facilitation tool for connecting the ship manager with brokers and underwriters, and helps obtaining competitive rates for H&M and P&I coverage, while notifying and processing claims settlements, alerting on payments due and insurance policy renewals.
It helps calculate the insurance exposure and tracking of covered classes by reputable underwriters for better control on your operating budget.
The application also generates and archives accurate insurance papers, call payment and call budgeting, and processes claims and receivables.
With growing exposure of piracy, terrorism and IMO (MLC) requirements on seafarer protection and repatriation, Compas provides an intelligent and useful tool for managing a wide range of insurance exposure arising from running a commercial shipping operation.
These exposures may include:
- Protection & Idemnity
- Hull and machinery