Robust Contract Processing
Capable of Processing Complex Contract Types
PRS can administrate a wide variety of multifaceted contract types for both treaty and facultative agreements for non-proportional and proportional business, including all of the following:
QS & VQS
Surplus
Catastrophe
Facultative
Stop Loss
Loss Corridors
Aggregate Limit
XOL
The Prevail Advantage
State-of-the-Art, Web-Based Technology
Improve user experience and system performance while streamlining business processes with PRS. Designed to easily integrate with existing systems such as policy, premium, and claim data sources, PRS provides an easily accessible and secure reinsurance data repository.
Fast, Powerful, Efficient
Exhaustive Processing that is Flexible and Auditable
PRS's comprehensive calculation engine manages multiple processes utilizing user-defined statistical and classification codes, business criteria, and contract attachment rules. Audit trails are used to verify and track many types of transactions, including contract and financial accounting transactions.
Automatic contract attachment
Automatic premium and loss calculations
Automated cession adjustments and audit trail
PRS System Overview
Contract Admin
Quickly setup new and renew contract terms & conditions, define cession attributes and inurring relationships, and maintains contract lifecycle.
Premium Processing
Automatically generates all types of premium transactions, including installments, adjustments, and deductions in multiple currencies.
Reporting
Standard real-time operational and analytical reporting. Schedule F management, reports, and outputs.
Cash Management
Cash Settlement, Disbursements, Receipts, Collateral, Partial Payments, Invoice and Billing
Contract Types
Manages multi-organizational internal and external strutures and relationships, including pooling arrangements.
Claims Processing
Automatically generates all paid and reserve claims transactions for per risk, occurrence, and other covers type.
Best-In-Class Solutions
Prevail Reinsurance Solution is a proven and tested technology platform for every type of carrier. Available as hosted or on-premise install, Prevail offers best-in-class solutions for your specific needs.
2000
Year Founded
100+
Combined Years of Experience
PRS
Flagship Product
Please contact us for more information
At Prevail, we believe that a key to success in our engagements is our ability to understand the goals and expectations of our customers.
