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What is PIPA.?

PIPA handles the administration of Insurance for multiple property Policies

PIPA is a program that specifically addresses the needs of Insurance Brokers who sell Property Insurance where there are multiple Policy Holders on a single Policy.

The Property Insurance Departments have to generate multiple invoices, multiple schedules and multiple copies of other documentation. Where there are a hundred plus Owners on a single policy this becomes a clerical mountain. On top of this Owners are changing as the properties are bought and sold, which in turn requires crediting and invoicing pro rata premiums. PIPA handles all of this.

What PIPA can do for you

Complete Accounting System.
Handles all insurance invoicing, schedules, MTA’s and documentation
Options at Policy level allow users to set PIPA up to handle insurance in a variety of ways
Fully customisable templates and database merge fields
Powerful letter writing function
Integrates with Microsoft Word and Excel
Changes of owner (property sales) are calculated pro-rata to the day
On a sale, PIPA will automatically calculate the pro rata premium invoice for the new Owner and credit the previous owner
PIPA will calculate and hold a quote within a policy for an individual owner to increase their Sum Insured, add/increase contents or landlords rent cover.
Fully editable Rates
Built in management reporting facilities
All invoices, letters and schedules produced are filed within the system
Events histories
Claims tracking

PIPA’s sister programs FactorWise & BlockWise

PIPA has sister programs called BlockWise & FactorWise which do all the Block Management accounting for Property Managers. Where a Broker is handling all the Block Buildings Insurance for a Property Management Company that use BlockWise/FactorWise then the clerical work is even further reduced. Leaving the Broker to arrange and enter the Insurance and trigger Renewals and MTAs.

All the insurance documentation can be printed at the Property Manager’s offices through the PIPA/BlockWise/FactorWise connection and the collection of money and sales transactions are all done at their end. FactorWise will send Changes of Owner (Sales) automatically each night so that the Insurance Broker will always have a note of all the current Owners’ names and addresses without having to enter them. They will not have to communicate with the Owners at all. Requests for additional insurance will come from the Property Manager and be entered into the Broker’s PIPA. The documentation that is derived from Renewals and MTAs will then be printed out at the Property Manager’s office under Insurance Broker control.

What affect will PIPA have on your business?

Block Building Insurance carries a heavy administrative burden. In most cases this gives rise to clerical mountains and periods of stressful activity at renewal times. PIPA goes a long way to removing these and making the job much easier. This makes possible considerably more profit and job satisfaction for the Property Departments of Insurance Brokers. The market is buoyant for Block Management Companies as a result of the recent boom in building. All these new properties and developments all have to be insured. This puts Insurance Brokers in a strong position but expansion in Property Insurance is only available for those Brokers that can cope with it.

What computer environment does PIPA need?

PIPA requires a Microsoft environment. Any PC running Windows will run PIPA. We recommend each PC has a minimum of 1 GB of RAM. PIPA can be run on a Peer-to-Peer Network for up to four PCs. For more than four PCs a Microsoft Network is recommended (SBS or MS Server). PIPA is running in Brokers with up to 85 networked PCs. A dedicated application server is required for these large systems.

P.I.P.A.