Leased Asset Insurance Program (LAIP) is a modular software application for managing the entire Insurance cycle of Leased equipment.

Our customers enjoy the following immediate benefits from the solution:

• Increased transparency in the premium calculation process
• Automatic Unified communications across multiple media for each lessee, financier and insurer
• Any action taken on any lease may be traced through its entire lifecycle from the person initiating the request to the final result
• Customer relationship monitoring improved
• Time to market for new financiers is enormously reduced through the flexibility of the parameter-based system
• Unattended execution allows for the performance of scheduled tasks thereby increasing productivity further
• Exposure to business metrics and trends provides greater understanding and knowledge-based decision making

With LAIP our customers can support multiple financiers, insurers and products, bulk import a large number of leases each with many assets, automatically generate policies and calculate premiums using highly parameterized calculations, automatically generate and deliver customized communication to users, financiers, insurers and insured parties.

These capabilities result in eliminating errors in the business processes, provide for timely and accurate communication with all parties and in increased productivity.

We believe LAIP is a unique software solution helping a medium sized Insurance company handling a large number of transactions in a manner similar to a large insurer.

Unlike other software developers, Gratex provides a whole range of supplementary services including IT infrastructure design, implementation and support, Internet security, Disaster Recovery design and DR site hosting and IP Telephony services. Our customers benefit from a single contact to our helpdesk for all their IT problems and needs.