Hi Dave - welcome to the Forum!!
Good to see you are re-using your long held OGI skills again - and I'm sure if you have any questions, there will be lots of answers to be found here. Any questions - fire away!
Started on Misys around 1990 in the SW London area and now with Kounis. Am back on Open GI after a 8 year gap !!
Its changed a bit with the open word etc so getting to grips with it and seem to have been handed the OpenGI management duties !!
So, we find ourselves in modern day unprecedented time. Governments around the world are applying strict sanctions against Russian companies and individuals and it's being made very clear that action will be taken if those sactions are ignored.
For most of us, this will not be an issue but what if you do have a sanctioned individual or company? Are you checking? Are you relying on Open GI Sanctions checking?
First of all, have you got Broker and Prospect Amendment completed under sanctions checking to review Commercial Risks? Using the Level 1 Contacts on a Commercial master frame will also Sanction check whoever or whatever you put in for review.
However, what about your personal lines clients? The client level is checked sure, but what about the contacts you've added?? Well, if you're not aware, be aware. They don't get checked. So, if you've corrected added a contact for a joint policyholder on a Home policy for example, just hope you've either got them insured in their own right somewhere or that they are not called Abramovich!
The point of Sanctions checking is that you have a record of the checks, in the event of something being highlighted. Open GI have gone to the trouble of making this work for the Commercial risks but not Personal Lines.
However, your User Group Committee have raised this issue and will continue to apply pressure until something is done.
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