Marine Insurance Management Module

Open cover, CoI generation, cargo, transit, project cargo, survey management — for the marine insurance specialists who deal with B/Ls, LCs, and incoterms every day. AI-powered document extraction makes CoI generation a 60-second job.

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8+
Marine Products
60s
CoI Generation
AI
B/L & Invoice Extraction
Multi
Currency Support

Marine insurance is a specialist business with generalist software

Most insurance broker platforms in India treat marine as an afterthought — a generic "cargo" form with no concept of open cover, no automated CoI generation, no understanding of incoterms, no Bill of Lading parsing. Marine brokers end up using a mix of Excel, manual emails to insurers, and a CoI generator from each insurer's portal — different login for each.

InsureFlow's Marine Insurance Management module is built specifically for marine specialists. Open cover tracking, instant CoI generation under the cover, AI extraction from B/L and invoice documents, survey management, and IRDAI-compliant claim workflow — all unified.

Open Cover Master & CoI Generation

Most marine business runs under annual open covers with insurers. Your client ships goods throughout the year, and each shipment gets a CoI declared against the open cover. Under InsureFlow this is a 60-second workflow.

  • Open cover master with insurer, validity, sum insured, premium rate
  • Cargo categories, voyage types, conveyance types pre-configured
  • Auto-calculate premium per shipment as % of invoice value
  • CoI generated with broker branding — PDF download in seconds
  • Auto-declared to insurer via API where supported
  • Real-time utilisation tracking against open cover limit
🚢 OPEN COVER · MEHTA EXPORTS
InsurerICICI Lombard
Validity01-Apr-26 to 31-Mar-27
Rate0.18% on invoice value
UTILISATION (this year)
₹4.2 Cr declared₹10 Cr limit
🛒 47 CoIs issued this year · 312 days remaining

AI Document Extraction

Customer emails you the commercial invoice and packing list for tomorrow's shipment. Traditionally you type all the data into the CoI form. With InsureFlow AI, you drag-and-drop the documents and the form auto-fills.

  • Bill of Lading — shipper, consignee, port of loading/discharge, vessel name
  • Commercial Invoice — value, currency, cargo description, incoterms
  • Packing List — quantity, weight, packaging type
  • Letter of Credit — beneficiary, advising bank, expiry, terms
  • Multi-currency value conversion using daily forex rates
  • Validation against open cover terms before CoI issuance
Business Impact: CoI generation time drops from 8–15 minutes to under 60 seconds. Data entry errors approach zero. Volume handled per executive doubles.
📄 INVOICE_MEHTA_PO29384.PDF · AI EXTRACTED
Document Type: Commercial Invoice
Shipper: Mehta Exports Pvt Ltd
Consignee: Global Imports LLC, Dubai
Cargo: Polished granite slabs · 18 MT
Invoice Value: USD 47,500 = ₹39,52,250
Incoterm: CIF Jebel Ali
Vessel: MV Pacific Glory
POL: Mundra, IN
POD: Jebel Ali, UAE
✓ All fields extracted with 98% confidence
Survey Management & Claim Workflow

Marine claims are surveyor-driven and document-intensive. The module handles every step from intimation to recovery.

Surveyor Panel
Empanelled surveyors per port. Auto-appoint based on geography, specialisation, availability.
📋
Survey Reports
Surveyor report intake, photo documentation, damage assessment, salvage valuation.
⚖️
Recovery
Subrogation tracking — recovery claims against carriers, ports, third parties.
Marine insurance questions
What marine products are supported?
Open Cover (annual marine policy), Specific Voyage, Inland Transit, Project Cargo, Sales Turnover Policy, Sellers Interest, Buyers Interest, Marine Hull (limited). Both import and export shipments covered.
How fast can CoI be generated?
Under an open cover, a Certificate of Insurance (CoI) is generated in under 60 seconds. Customer uploads commercial invoice and packing list, AI extracts shipment details, system calculates premium against open cover terms, CoI is issued instantly with PDF download.
How does AI document extraction help?
AI reads Bill of Lading, Commercial Invoice, Packing List, and Letter of Credit documents — extracts shipper, consignee, cargo description, value, port of origin, port of destination, and incoterms automatically. This eliminates 95% of manual data entry for CoI generation.
What about claim management for marine?
Marine claim workflow includes survey appointment with empanelled surveyors, survey report intake, salvage handling, and recovery from carriers. Each step is tracked with IRDAI TAT compliance and document management.