Prevail Reinsurance Solution

Prevail Reinsurance Solution

Prevail Reinsurance Solution

Comprehensive Reinsurance Administration and Processing—Engineered for Efficiency and Precision

Comprehensive Reinsurance Administration and Processing—Engineered for Efficiency and Precision

Designed and Developed by Insurance Experts

Designed and Developed by Insurance Experts

Designed and Developed by Insurance Experts

Designed and Developed by Insurance Experts

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

QS & VQS

Surplus

Surplus

Catastrophe

Catastrophe

Facultative

Facultative

Stop Loss

Stop Loss

Loss Corridors

Loss Corridors

Aggregate Limit

Aggregate Limit

XOL

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 contract attachment

Automatic contract attachment

Automatic contract attachment

Automatic premium and loss calculations

Automatic premium and loss calculations

Automatic premium and loss calculations

Automatic premium and loss calculations

Automated cession adjustments and audit trail

Automated cession adjustments and audit trail

Automated cession adjustments and audit trail

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.

Contract Admin

Quickly setup new and renew contract terms & conditions, define cession attributes and inurring relationships, and maintains contract lifecycle.

Contract Admin

Quickly setup new and renew contract terms & conditions, define cession attributes and inurring relationships, and maintains contract lifecycle.

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.

Premium Processing

Automatically generates all types of premium transactions, including installments, adjustments, and deductions in multiple currencies.

Premium Processing

Automatically generates all types of premium transactions, including installments, adjustments, and deductions in multiple currencies.

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.

Reporting

Standard real-time operational and analytical reporting. Schedule F management, reports, and outputs.

Reporting

Standard real-time operational and analytical reporting. Schedule F management, reports, and outputs.

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

Cash Management

Cash Settlement, Disbursements, Receipts, Collateral, Partial Payments, Invoice and Billing

Cash Management

Cash Settlement, Disbursements, Receipts, Collateral, Partial Payments, Invoice and Billing

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.

Contract Types

Manages multi-organizational internal and external strutures and relationships, including pooling arrangements.

Contract Types

Manages multi-organizational internal and external strutures and relationships, including pooling arrangements.

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.

Claims Processing

Automatically generates all paid and reserve claims transactions for per risk, occurrence, and other covers type.

Claims Processing

Automatically generates all paid and reserve claims transactions for per risk, occurrence, and other covers type.

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.


© 2024 Prevail Consulting, Inc. All Rights Reserved.

© 2024 Prevail Consulting, Inc. All Rights Reserved.

© 2024 Prevail Consulting, Inc. All Rights Reserved.

© 2024 Prevail Consulting, Inc. All Rights Reserved.