Reinsurance

The reinsurance system is integrated with the product setup and the claims system, enabling the handling of all reinsurance types, including:

• Facultative; Proportional and Non-proportional.
• Treaty; Proportional and Non-proportional.

The reinsurance system has ultimate flexibility for setting up premium calculations and claim cover, including:

• Multiple reinsurance programs which can cover one risk or multiple risks
• Reinsurance programs can be covered by multiple contracts
• Each contract can cover multiple blocks, i.e. limited both vertically and horizontally
• Contracts can be with multiple reinsurers and can cover multiple reinsurance programs
• The reinsurance premium calculation can be integrated with the policy premium calculation and calculated in real time
• Reinsurance premium can be pushed to the policy premium calculation to form the basis for the policy premium, or it can be pulled from the premium calculation and be based on the policy premium
• The reinsurance system is also an ideal vehicle for agents and brokers undertaking full policy administration to manage insurer premium and claims exposure