Reinsurance automation software that provides insurers full financial control and flexibility over their entire reinsurance process.
A reinsurance software solution enabling insurers and reinsurers to handle all reinsurance activities on a single platform with full financial control and auditing support.
Accurate premium calculation and superior claim recovery functionality
All information is maintained in a single repository and managed at gross, reinsurance and net retention levels
Support for Solvency II Comprehensive data retrieval capabilities for online queries and reporting purposes, as well as full support for regulatory and Solvency II information
Complete audit and detailed tracking of processes, user activities and financials enabling full compliance with up-to-date regulations
Dramatically reduces manual processing and external calculations
Reinsurance program analysis and planning
London market support for LORS processing and reinsurance payments management
Fully- automated reinsurance calculations and processes
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Reinsurance Program
Premium — Reinsurance Allocation & Calculation
Claims — Reinsurance Allocation & Calculation
Manual Entries | Bulk Entries | Assumed | Adjustments
Accounting
Period Statements, Billing & Bordereaux
Current Accounts Management
P&L and Balance Sheet - GL Account Support
Workflow & Activities Management
Reinsurance Analytics
Information Repository / Statutory Reports
Full support for all types of reinsurance contracts – treaty & facultative, proportional & non proportional
Extensive and comprehensive automated processes for premium & claims allocation and calculation
All activities maintained in one easy-to-use browser based user interface; a standard look-and-feel for all user operations
Full support for multi-company organizations and reinsurance programs
Provides a variety of billing/accounting documents and bordereaux
Complete audit trail and tracking of each transaction and activity
Fully automated retroactive processing support for late placements and for mid-term changes in reinsurance contracts
Fully integrated workflow and activities management– covering all reinsurance activities and business processes
Integration with document management systems, enabling attachment of all document types – Word, Excel, email, PDF, etc.
All-inclusive financial accounting module for current accounts management, P&L and Balance Sheet figures, and comprehensive support for GL Accounts. LORS integration for reinsurance payments is fully supported
A detailed information repository providing numerous online queries, a full report suite, and all required information for regulatory reports and Solvency
Supports modern technology platforms and infrastructure – multi-platform model, which easily interfaces with external applications
Sapiens provides a comprehensive set of solutions to fully automate the insurance landscape.
The Reinsurance Analytics module features query models for reinsurance program managers, providing analysis of business results as well as essential key performance indicators (KPIs) supporting the decision-making process. The Analytics module contains the following business queries:
In addition to the reinsurance business analysis queries, an accounting module is also provided, enabling convenient presentation and analysis of all business results in numerous dimensions. The Analytics query models are based on a dedicated reinsurance Analytics multi-dimensional data model, providing great flexibility in presentation and analysis of business results.
Regional VP, Sales and Business Development
Principal Consultant / Reinsurance
