Property and Casualty
Insurance
Technology and Business Expertise
Prevail Reinsurance
System
A Complete
Reinsurance Management Solution
for the Property & Casualty Insurance Industry
The Prevail Reinsurance System
Advantage
Asset Protection
Operating Cost Reduction
Audit of All Financial
Transactions
How will these advantages and
benefits be recognized:
Increased Recoverables
Control and Collection - automated and accurate calculation
of ceded losses
Enhanced Reinsurance Program
Management and Design - provides management with current
financial, analytical, and operational information to
monitor program effectiveness and enhance underwriting
policies and decision-making
Fast and Cost-effective
Implementation of New treaties and Revisions - meets
industry standard requirements for all treaty types and
accounting methods "out-of-the-box" with user-defined tables
Low Total Cost of Ownership
(TCO)
Single System to support
Ceded, Assumed and Retroceded Reinsurance
Tracking of all Financials to
Policy, Claim and Detail Attachment Level - assists with
compliance of Sarbanes-Oxley
Summary of Features and Functions
Ceded, Assumed and Retroceded
Business
Automatic attachment and
calculation of ceded premiums and losses
Multi-currency-based system
driven by currency conversion
Comprehensive business
partner administration, supporting multiple locations and
contracts (cedents, reinsurers, brokers, MGA's, insurers,
retrocessionaires, underwriting agencies, and more
Support of multiple statutory
companies
Management of reinsurance
pool, including automatic cession to pool participants
Importing of external premium
and loss data through staging, formatting and validation
Statutory and management
reports such as statement of account, loss notice,
bordereau, underwriting and financial analysis
System functionality tailored
by custom values and rules in reference tables
Dynamic definition of
business segments for profit center reporting and analysis
Security at User, Group and
Functional levels
Detailed storage and viewing
of all transactional data