Reinsurance Admin 1.0
October 22nd, 2021
Reinsurance Admin helps keep reinsurance contract management processes under check. In time, a growing portfolio of reinsurance contracts increases also the struggle to keep up with the amount of contract related details that insurers need to manage. The reinsurance contracts that the insurer has to maintain might transition between different business statuses, they might have different start dates, depending on the insured products and end at different times. Plus, the need for reinsurance might change depending on the geographical area covered - increasing, at times. Going digital, in this case with Reinsurance Admin, makes it easier for you to be on track with all the changes of your reinsurance contracts portfolio and, also, to organize the updated information in an efficient manner.
This is part of the FintechOS 22 release. Please check the main release notes for more information.
There are two main types of reinsurance contracts that you can register with the Reinsurance Admin solution:
Proportional Reinsurance - for those reinsurance contracts meant to transfer only a proportion of the risk exposure to a reinsurance company.
Natural Catastrophes Excess-of-Loss Reinsurance - for those reinsurance contracts meant to cede a disproportional severity exposure (such as a natural catastrophe) to a reinsurance company.
For more information, see the Reinsurance Admin documentation.