Reinsurance treaties can be configured within SS/G to automate the calculation of reinsurance premiums and the processing of the associated payments and reclaims.
Payments may be on an original terms or risk premium basis.
Notification and authority levels can be set for both new business applications and claims. The progress and checking of these actions can be controlled through the SS/G Work Manager.
A range of Self-Serve facilities are also available for reinsurers to interact with the provider for enquiry and authorisation purposes as appropriate.
Appropriate electronic data transfers can also be made available at trigger events e.g. at application and policy release. These transfers can be configured to include 'snap shots' of current risk levels and claims or details of movements within a given period.
The Reinsurance component is also supported by a comprehensive suite of management information.