Key Takeaways:
- Full and flexible control of reinsurance processes with built-in automation
- Query models for reinsurance program managers, analysis of business results and essential key performance indicators supporting the decision-making process
- Extensive multi-currency support and multi-language capabilities
- Superior business processes and operational support from automated reinsurance calculations and processes dramatically improve operational effectiveness and efficiency
- Accurate premium calculation and superior claim recovery functionality prevent financial leakage
- Comprehensive data repository with full audit trail capability provides tracking and follow-up of all information and processes, consolidated view of liabilities and risks, as well as comprehensive reporting to reduce risk
- Complete audit trail and detailed tracking of processes, user activities and financials ensure full compliance with up-to-date regulations
Reinsurance programs are extremely complex, with multiple covers and layers, and varying terms and conditions. Many insurers still lack the comprehensive reinsurance information management capabilities to enable them to cope with this complexity on a single platform. By incorporating fully automated functions adapted specifically for your business procedures, Sapiens Reinsurance solutions provide flexible and total financial control of your reinsurance processes, including complete support for all auditing requirements and statutory compliance.