Prima XL
The cloud-based, powerful and intuitive Prima XL (formerly WebXL) is a reinsurance software that collects, centralizes, and analyzes all data for insurers, reinsurers, and brokers. Prima XL tracks all the information related to your reinsurance policies (treaties and facultative policies, claims, incidents, accounting data, technical data, auxiliary data, financial data, and more). You can manage all of your policies, from their underwriting to their switch and renewals. Prima XL is a flexible solution tailored to international organizations using multiple currencies and multiple GAAP requirements. With Prima XL, all of your reinsurance policies are in one place within the platform for greater visibility and security in your data processing. Prima XL handles all types of contracts, including treaties, facultative reinsurance, proportional and non-proportional contracts, excess loss, stop loss, quota share, and more.
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Prevail Reinsurance System (PRS)
Prevail Reinsurance System (PRS) is a comprehensive, automated reinsurance management solution. PRS provides robust off-the-shelf functionality, ease of implementation and adaptation to business changes. PRS contains the most advanced cession calculation engine and automated reinsurance processes in the marketplace.
PRS is designed to immediately help you gain efficiency in the administration of your reinsurance contracts. PRS will streamline premium and claim transaction processing, help the user to easily settle and monitor open balances, and increase the speed of data reporting responsibilities within your organization. The entire reinsurance process and data is maintained in a single secure system with easy access for everyone.
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Sapiens ReinsurancePro
Sapiens ReinsurancePro is a comprehensive platform designed to automate the underwriting and administration of reinsurance, encompassing treaty and facultative, ceded, assumed, and retroceded reinsurance. It offers robust accounting functionality, ensuring compliance with auditing and statutory requirements, and features automated billing with one-click Schedule F generation. The system seamlessly integrates with policy and claims solutions to automate the identification and calculation of cessions, enhancing operational efficiency. Built-in automation of contracts, calculations, and processes provides full financial control, reducing the risk of claims leakage. With a cloud-first approach, ReinsurancePro offers flexible deployment options and a scalable architecture capable of handling high volumes of data quickly and reliably. Its efficient I/O and fast transactional processing further optimize performance.
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Duck Creek Reinsurance
Duck Creek Reinsurance centralizes and automates all reinsurance processes, tracking information related to contracts, including treaties and facultative policies, claims, incidents, accounting data, technical data, auxiliary data, financial data, and more. This flexible solution manages contracts from underwriting to endorsements and renewals, supporting multiple currencies and GAAP requirements. By accurately calculating recoveries and rapidly creating reinsurance bills, it identifies all claims meant to be covered, ensuring that ceded or assumed reinsurance achieves its intended goals of risk management and capital availability. Digitally transforming reinsurance administration allows finance and risk management teams to leverage data strategically, making critical decisions regarding risk appetite and supporting contract negotiations. Automation, standardization, and data transparency replace labor-intensive tools like spreadsheets and outdated databases.
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