3.6 KiB
Contract with EverGuard Insurance for Rellm: AI-Powered Enterprise Reinsurance Solution
Contract Number: IG-2023-EG
Effective Date: January 1, 2024
Expiration Date: December 31, 2026
Terms
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Parties: This agreement is made between Insurellm, located at 123 Innovation Drive, Tech City, USA, and EverGuard Insurance, located at 456 Safety Lane, Protectville, USA.
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Product Description: This contract pertains to the use of the Rellm platform, an AI-powered enterprise reinsurance solution provided by Insurellm. EverGuard Insurance will implement Rellm to enhance its reinsurance operations.
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Payment Terms: EverGuard Insurance agrees to pay Insurellm a monthly fee of $10,000 for the duration of this contract, covering the Professional Plan features of Rellm, which includes all advanced integrations and priority customer support.
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Usage Rights: EverGuard Insurance is granted a non-exclusive, non-transferable license to access and use Rellm for the duration of this contract. Unauthorized sharing or distribution is strictly prohibited.
Renewal
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Automatic Renewal: This contract will automatically renew for successive one-year terms unless either party provides written notice of termination at least 60 days prior to the expiration date.
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Price Adjustment: In the event of a renewal, Insurellm reserves the right to adjust the monthly fee based on market conditions and the value of services offered, with a minimum notice of 30 days.
Features
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Core Functionality: Rellm provides EverGuard Insurance with advanced AI-driven analytics, seamless integrations, and a comprehensive risk assessment module designed to optimize risk management.
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Customizable Dashboard: Users at EverGuard Insurance will have access to a customizable dashboard that allows them to tailor their experience based on their specific operational metrics.
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Compliance Tools: The built-in regulatory compliance tools will ensure that EverGuard Insurance meets industry standards while managing its reinsurance practices.
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Client Portal Access: EverGuard Insurance will have access to both client and broker portals, enhancing communication and collaboration with its partners.
Support
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Customer Support: Insurellm will provide EverGuard Insurance with 24/7 customer support, including live chat, email, and phone assistance for any technical issues or inquiries regarding Rellm.
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Training Services: Insurellm will provide initial training for EverGuard Insurance staff to ensure proper utilization of Rellm features. Additional training sessions can be scheduled upon request at an agreed fee.
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Updates and Upgrades: EverGuard Insurance will receive all platform updates and upgrades at no additional cost during the contract term, including enhancements outlined in Insurellm’s 2025-2026 roadmap.
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Feedback Mechanisms: EverGuard Insurance is encouraged to provide feedback regarding Rellm’s functionalities and any desired features, which will be considered for future updates.
Signatures
For Insurellm: __________________________
Name: John Smith
Title: Chief Operating Officer
Date: _________________
For EverGuard Insurance: __________________________
Name: Sarah Johnson
Title: Chief Executive Officer
Date: _________________
This contract seeks to foster a strong partnership between Insurellm and EverGuard Insurance, leveraging Rellm to innovate and enhance reinsurance capabilities while ensuring mutual growth and compliance in the ever-evolving insurance landscape.