NEW CANAAN, Conn., May 4 (SEND2PRESS NEWSWIRE) — Prevail Consulting, Inc., a leading
software and technology services provider for the property and casualty insurance
industry, today announced the launch of its Cession Web
Service. The Prevail Cession Web Service enables seamless integration of the Prevail
Reinsurance System Cession Engine with websites, enterprise portals, corporate intranets
and extranets, policy administration and loss
management applications and other interactive services. After receiving direct/assumed
premium and loss data, the Prevail Cession Web Service returns calculated risk-specific
ceded figures in real-time.
According to Nat Curiale, Executive Vice President of Prevail, “The Prevail Cession Web
Service provides a platform-independent link to instantly calculated ceded results.
Today, application interoperability is key to the cost-effective
introduction of new tools and efficiencies to insurance operations. Our technology
brings the power of the Prevail Reinsurance System right to the user’s desktop.”
The Prevail Cession Web Service is based on XML (eXtensible Markup Language), a document
mark-up language preferred by software developers because of the ease of transporting
data across different platforms and applications.
The Prevail Cession Web Service also incorporates Simple Object Access Protocol (SOAP),
an XML-based communication standard widely used in IT infrastructures.
The use of XML and SOAP enables the Prevail Cession Web Service to be “application
agnostic” and “platform independent.” That is, inward and ceded premium and loss data
can be incorporated into websites and networks regardless
of the platform those downstream services use.
The launch of the Prevail Cession Web Service is a further milestone in the company’s
strategy for making its Prevail Reinsurance System recognized in the industry as the
best in its class for robust functionality and quick
implementation of the most complex reinsurance programs and treaties. The Prevail
Reinsurance System contains robust functionality, with user-defined tables, rules-based
and utilizes standard Microsoft software.
Since 2000, Prevail has been providing reliable and innovative
technology services exclusively to the property and casualty insurance industry; it is
clearly recognized by its clients for business expertise, commitment, and
ability to deliver quality work products in a cost-effective manner, no matter how
complex the requirement.
In addition to its Reinsurance Solution, Prevail delivers Application
Development and Maintenance Support; Business Systems Analysis; Project Management
Consulting; Independent Quality Testing; Data Migration and Integration;
P&C Insurance System Assessment; and Business Process Outsourcing.
For more information, contact Ms. Pilar Hoyos at: 203-972-7449; or email: email@example.com. or the
web site: www.prevailconsulting.com.