With the evolution of the smartphone, coupled with a reliable and economic mobile wireless network, insurance professionals are now in a position to reap the benefits of interactive applications that are literally available in the palm of their hand!
LMI Group's range of mobile applications are presented to you under the LMi Mobile banner. With the advent of the iPhone and the Apps Store, our first release under the LMi Mobile range focussed on the iPhone. However, with the latest smartphones now entering the market with their own apps, LMI Group is also developing apps for these smartphones, and has just recently released LMi MobileUnder-insuranceCalculator for Blackberry devices.
LMi MobileUnder-insuranceCalculator
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The world's first mobile under-insurance calculator was launched in March 2010, and is the first of a suite of mobile tools, including other calculators, research tools and training materials. LMI Group is pleased to provide this first application, the LMi MobileUnder-insuranceCalculator, with our compliments.
While many Insureds believe they have no exposure until their Sum Insured or Limit of Liability is exhausted, this of course is not the case due to the Average or Co-insurance provision found in most property and business interruption policies. Under-insurance is a huge problem worldwide. Any saving in premium costs is far outweighed by the uninsured losses that have to be carried by a business, even after a partial loss.
The LMi MobileUnder-insuranceCalculator has been designed to enable the insurance adviser to quickly demonstrate to their client the uninsured portion of any size loss. The system defaults to a Sum Insured or Limit of Liability of $1,000,000 with a Value at Risk of $2,000,000 and a loss of $250,000. All these figures, including the Co-insurance/Average percentage, can easily be changed by the adviser using this application.
To install your copy of the LMi MobileUnder-insuranceCalculator, please click on the appropriate link below. Please note that with certain apps, the appropriate download will be determined by the operating system in use on your mobile device.
- iPhone
- All operating systems
Please note, while this app is for the iPhone, we are currently developing an app for the iPad.
- Blackberry (online version)
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As additional smartphone versions and new apps are released, links will be added to this page for your convenience. We recommend bookmarking this page for future visits.