A reinsurance software solution enabling insurers and reinsurers to handle all reinsurance activities on a single platform with full financial control and auditing support.
Reinsurance programs can be extremely complex, with multiple covers and layers, and varying terms and conditions. Many organizations still lack the comprehensive reinsurance information management capabilities that would enable them to cope with the complexity via business functionality, provision of accurate and timely information, and support for compliance requirements and regulatory reporting. Claims leakage is another challenge, as too many insurance carriers are experiencing significant difficulty when trying to recover reinsurance claims. An effective reinsurance system must also optimize operational activities, including business accuracy – allocations and calculations – as well as provide improved efficiency and control.
Sapiens Reinsurance is a comprehensive business system, providing a superior solution for the above topics for both ceded reinsurance and assumed reinsurance.
“We were very impressed with all the different features that Sapiens had to offer,” says Lisa McCormack, director of the Corporate Reinsurance department at Tokio Marine.