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REINSURANCE DYNAMICS

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System Overview:

  • This is a fully featured reinsurance solution that covers both life reinsurance and general reinsurance.
  • It is locally developed, following our extensive experience in the insurance industry, right from the brokers,to underwriting, and now to reinsurance.
  • The most comprehensive system available and customizable to extend to your very specifications, Reinsurance
  • Dynamics handles more business, functional and system requirements than most other commercially available system.

This solution has the following capabilities:

  • Management of ceded and assumed/retroceded, pools, and affiliates in one system
  • Integrates reinsurance functions from contract definition through claims, accounting, and cash, to management and year end statutory reporting.
  • Supports multiple statutory companies and currencies
  • Automates the attachment, calculation and posting of premium loss cessions and retrocessions, including inter-company pooling.
  • Provides for automatic splitting by pool/ retrocessional participants
  • Identifies and calculates per risk, per occurrence, proportional and catastrophe loss recoveries.
  • Manages reinsurance claims with customized billing, first notice of loss and status request letters
  • Creates and manages receivable, payable and funds withheld sub-ledger balances.
  • Automatically generates premium deposit premiums.
  • Tracks and generates IBNR
  • Supports cash management including receipts, disbursements, unapplied cash, cash application and check details.
  • Facilitates statutory reporting
  • Manages Letters of Credit, funds held, trusts, and deposits.
  • Includes reporting functionality for accounting, claims, underwriting and actuarial.
  • Interfaces report writer data extracts with General Ledger and other systems.
  • Application security controls access to functions at the user level.
  • Ceded insurance Processing capabilities
  • Retroceeded/ Assumed Processing capabilities
  • Mortgage Administration capabilities: Reinsurance Dynamics comes with a fully featured mortgage administration system which integrates with premiums within the life reassurance module.


Technology Supported

  • Runs on Relational Database Management System MS SQL and Native Navision database.
  • Preferentially runs Microsoft server platform latter than 2000Server -Support XML and XHTML
  • Import and export data with MS Excel
  • Ability output report on MS word, Excel
  • Ability to email reports directly using MS outlook
  • Ability to integrate with light weight database and synchronize remotely VIA PDA