Non-Life, priced and settled on one core
Every non-life line, from motor and property to liability and specialty, shares one product-definition framework, from product-driven quotation and automatic underwriting through to claims settlement, reinsurance and coinsurance.
RIFT for Non-Life
A single parametric framework covers every non-life line, individual, group and commercial, adapted by configuration.
Product lines
The non-life book, line by line: coverages, sub-modalities and the Portuguese and European regulatory frame, all on the one configurable core.
Motor
Portugal's largest non-life line: compulsory third-party, own damage and fleets.
- Compulsory MTPL with bodily and material limits, Green Card and CBU extension
- Own damage: collision, fire, theft, natural events and glass
- Complementary: 24h assistance, legal protection, occupants, replacement vehicle and GAP
- Fleet policies, telematics and UBI, bonus-malus (26 classes) and FGA
Property & Multi-risk
Home, commercial, industrial and condominium, with business interruption.
- Fire, natural events, water damage, storm and flood
- Electrical damage, glass, theft, vandalism and machinery breakdown
- Commercial and industrial: business interruption, stock and all-risks plant
- Condominium: shared parts and units, on a reconstruction-value basis
Personal Accident
Individual and group, across work, leisure, school and sport.
- Accidental death, permanent disability (IPP/IPT) and temporary incapacity
- Medical, hospital and rehabilitation expenses, fixed capital for fractures
- 24h, professional-only, risk-sport, child and senior modalities
- Group and compulsory schemes: school and federated sport
Marine & Transport
Cargo, marine and aviation hull, multimodal, on Institute Cargo Clauses.
- Cargo all-risks (ICC A/B/C), per-voyage or annual open cover
- Multimodal road, air and sea, temperature-controlled cargo
- Marine and aviation hull, shipowner and carrier liability
- War and strikes (SRCC), general average (York-Antwerp)
Liability
General, employer's, product, professional and D&O.
- General and operations, employer's, cross and product liability
- Professional: medical, legal, D&O, architects and engineers
- Claims-made and occurrence triggers, with tail cover
- Legal defence, out-of-court settlement and judicial-process handling
Engineering
Construction and erection all-risks, machinery and electronic equipment.
- Contractors' (CAR) and erection (EAR) all-risks, cross liability
- Material damage to works and post-completion maintenance period
- Machinery breakdown and electronic equipment (EEI), data reconstitution
- Business interruption following machinery breakdown
Credit & Surety
Trade credit, insolvency cover and guarantees.
- Trade credit: buyer insolvency and default, domestic and export
- Credit limits per debtor, with financial information and collections
- Surety: performance, advance-payment, tax and retention bonds
- Counter-guarantees, with credit-insurer reinsurance
Agriculture & Livestock
Crops, livestock and aquaculture under the SIPAC scheme.
- Crops: hail, frost, drought and flood, with parametric triggers
- Livestock and aquaculture: mortality, epidemic disease and sanitary culling
- SIPAC public-private co-insurance, with IFAP subsidy integration
- Parcel management by holding, IPMA weather data and GPP price tables
Cyber
Data breach, ransomware and business interruption, DORA-ready.
- Data breach (GDPR/DORA), ransomware and digital extortion
- Business interruption from attack, notification and crisis-management costs
- Third-party data liability and partial GDPR-fine cover
- 24/7 incident response, digital forensics and CNCS/ENISA reporting
Travel & Legal Protection
Travel assistance and legal expenses, personal and business.
- Overseas medical assistance, cancellation, baggage and travel liability
- Long-stay and expatriate travel cover
- Legal protection: labour and civil disputes, road-accident assistance
- Court costs and alternative dispute resolution
Assistance & Warranty
Extended warranty and 24h home assistance.
- Extended warranty for appliances, IT and devices
- Certified repair networks and irreparable-failure replacement
- 24h home assistance with a certified provider network
- App-based FNOL, SLA by urgency and a mission-tracking dashboard
Workers' Compensation
Compulsory cover on a collective policy with a payroll-variable premium.
- Compulsory cover on a collective policy, minimum 11x annual earnings
- Payroll-variable premium from the APS .eur file, with monthly SEPA billing
- Claims (PAT) with cash and in-kind benefits, cashless provider network
- Pension capitalisation via the FAT, IRS withholding and ASF/GEP reporting
Where RIFT is different for non-life
From first quotation to final settlement, with reinsurance in the same core.
Product-driven quotation and underwriting
Product-driven quotation and proposal, with new business governed by automatic underwriting rules at every stage.
Tarification and rating
Tarification rules, rating factors and pricing logic, with version and copy control and full audit trails.
Claims from FNOL to settlement
The full claims lifecycle, from First Notice of Loss through assessment, provisions and handling to closing, with fraud prevention and recoveries.
Reinsurance and coinsurance
Proportional and non-proportional treaties, facultative placement, and coinsurance at policy and claims level, in leader and non-leader roles.
Georeferencing
Georeference entities, events and field activities for smarter underwriting and fraud detection.
Renewals and endorsements
Renewals, amendments, invoicing and payment scheduling, driven by product and business rules.
Proof it holds up
What non-life carriers get, proven in production.
- Every non-life line on one product-definition framework
- Reinsurance and coinsurance settled in the same core as policy and claims
- Time-to-market for new products cut from weeks or months to hours
- Over 40% less manual work, proven in production at Una Seguros
Explore other segments
One platform, tuned to each book of business.
Life
Risk, protection and capitalisation on one framework, with actuarial provisioning built in.
ExploreHealth
Individual and group health, wired into the provider and convention network, with cashless and free-choice reimbursement from day one.
ExplorePensions
Pension funds from defined benefit to PEPP, run on one core: contributions, benefits, the AT fiscal chain and ASF reporting.
Explore
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