The size and complexity of recoveries, as well as regulatory requirements, make automating reinsurance a necessity for insurance carriers.
Sapiens ReinsurancePro is an efficient reinsurance administration system, supporting all types of reinsurance processing, regardless of volume, in one comprehensive and powerful reinsurance system. The system produces Schedule F automatically.
Our solution enables insurance companies to manage and automate the underwriting and administration of reinsurance, including treaty and facultative, ceded, assumed and retroceded reinsurance. ReinsurancePro works directly with the primary policy and claims processing systems to perform the automated identification and calculation of cessions. It also supports interfacing with general ledger, annual statement and other systems. This reduces manual work and operator error, and eliminates duplicate entries.
ReinsurancePro empowers insurers of all sizes to manage their entire range of reinsurance contracts and activities for all lines of business, including rich accounting functionality and reporting capabilities. By incorporating fully automated customized functions, with built-in automation of contracts, calculations and processes, ReinsurancePro provides flexible and full financial control of the reinsurance processes. This includes support for all auditing requirements and statutory compliance.
Insurers of all sizes worldwide use ReinsurancePro. Options include deploying on-premise, or in a cloud-hosted environment.