Insurance System Details
Reinsurance Sofware and Systems
INSIS supports the full reinsurance and coinsurance process in the Insurance Company. The system provides fully automatic administration of the entire reinsurance process regarding the proportional and non-proportional treaties. This process include automatic matching of policies to a RI clause(s), premium ceding, claim ceding, loss reserve ceding. Thus, INSIS provides a fully automatic administration of the entire outward reinsurance process, including facultative, fronting, and coinsurance arrangements.
- Treaty administration
- Proportional treaties (Quota share, Surplus);
- Non-proportional treaties (Risk excess of loss, Event/Working excess of loss, Stop loss);
- Facultative arrangements;
- Fronting and coinsurance arrangements;
- Automatic premium ceding
- Automatic indemnity ceding
- Automatic layer reinstatement
- Automatic treaty adjustment
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