A comprehensive, functionally rich, flexible and user-friendly solution for all your Reinsurance Administration Needs
Spreading the risk is a fundamental principle of insurance. Therefore, insurers spreading their risk through re-insurance is a fundamental process for any insurance company. Many insurers still use the legacy systems to manage their reinsurance business.
The Contemi Reinsurance System is a fully-fledged web-based solution for reinsurance, which helps reinsurers and brokers manage agreements overview, claims handling and other complex reinsurance processes while improving data quality, compliance, and operational efficiencies.
Business processes and operational support from reinsurance calculations and processes dramatically improve operational effectiveness and efficiency
Handling of complex multi-contract agreements with multiple layers and aggregates within or across contracts
View the financial information at all levels of an agreement
User interface organised to allow you to drill down and view the type of information you need fast
Reduced complexity and dependency on few key individuals in the Reinsurance department
Highly scalable and secured
Integrated with Claims Management for handling of claims
Seamless integration with other Contemi core components, incorporating single sign on
Distribution of premium, commissions and cost in line with the shareholding of each party
Distribution of premium and commission per layer according to the share held by each stakeholder
Distribution of Claims according to split between brokers and stakeholders
Automatic claim distribution between layers as well as manual distribution (for complex agreements)
Multi-broker layers, with multiple stakeholder / securities on each level
Reference either a policy or a set of covers (interests) on contract level
Clean and intuitive User Interface with ability to handle very large values