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Contract with Apex Reinsurance for Rellm: AI-Powered Enterprise Reinsurance Solution

Terms

  1. Parties Involved: This contract (“Agreement”) is entered into between Insurellm, Inc. (“Provider”) and Apex Reinsurance (“Client”) on this [Date].

  2. Scope of Services: Provider agrees to deliver the Rellm solution, which includes AI-driven analytics, seamless integrations, risk assessment modules, customizable dashboards, regulatory compliance tools, and client and broker portals as described in the product summary.

  3. Payment Terms: Client shall pay the Provider the sum of $10,000 per month for the duration of this agreement. Payments are due on the first day of each month and will be processed via electronic funds transfer.

  4. Contract Duration: This Agreement shall commence on [Start Date] and shall remain in effect for a period of twelve (12) months unless terminated earlier in accordance with the terms set forth herein.

Renewal

  1. Automatic Renewal: This Agreement will automatically renew for successive one-year terms unless either party provides a written notice of intent to terminate at least thirty (30) days prior to the expiration of the current term.

  2. Renewal Pricing: Upon renewal, the pricing may be subject to adjustment by the Provider. The Provider will give a minimum of sixty (60) days’ notice of any changes in pricing.

Features

  1. AI-Driven Analytics: The Rellm platform will utilize AI algorithms to provide predictive insights into risk exposures, allowing the Client to make informed decisions with real-time data analysis.

  2. Seamless Integrations: The architecture of Rellm allows for easy integration with existing systems used by the Client, including policy management and claims processing.

  3. Customizable Dashboard: The dashboard will be tailored to display metrics specific to the Client's operational needs, enhancing productivity and facilitating more efficient data access.

  4. Regulatory Compliance: The solution will include compliance tracking features to assist the Client in maintaining adherence to relevant regulations.

  5. Dedicated Client Portal: A portal for the Client will facilitate real-time communication and document sharing, ensuring seamless collaboration throughout the partnership.

Support

  1. Technical Support: Provider shall offer dedicated technical support to the Client via phone, email, and a ticketing system during business hours (Monday to Friday, 9 AM to 5 PM EST).

  2. Training and Onboarding: Provider will deliver comprehensive onboarding training for up to ten (10) members of the Client's staff to ensure effective use of the Rellm solution.

  3. Updates and Maintenance: Provider is responsible for providing updates to the Rellm platform to improve functionality and security, at no additional cost to the Client.

  4. Escalation Protocol: Issues that cannot be resolved at the first level of support will be escalated to the senior support team, ensuring that critical concerns are addressed promptly.


Acceptance of Terms: By signing below, both parties agree to the Terms, Renewal, Features, and Support outlined in this Agreement.

Insurellm, Inc.


Authorized Signature
Date: ___________________

Apex Reinsurance


Authorized Signature
Date: ___________________