Strategic Functional Systems

Insurance Software Suite

Proportional (quota-par, treaty, facultative) and Non Proportional Contract Management per line of business (LOB) can be managed on yearly or quarterly base. Per coverage, per LOB or per product risk rules can be implemented easily.

Runoff and clean-cut provisions can be enabled. Sharing ratios can be calculated with adaption of risk or cumulative risk policies. Cumulative risk policies are grouped according to geographic risk addressing and line of businesses.

With these some features SFS Reinsurance Solutions can be adapted to every kind of insurance companies like auto, property, exporting and credit, body, health etc.

Benefits
  • Adaptive Risk Contract Manager which can keep and track many various risk sharing agreements with its special exceptions.
  • Multi-Lingual to support different user profiles especially useful for multinational insurance and treaty companies.
  • Multi-currency facility to provide sensitive multiple currency conversions to local currency.
  • Real-time or term based reinsurance distribution coupled with policy or claim transactions.
  • End to end EBPM driven processes loosely coupled with SFS Reinsurance Back Office. So insurance companies can implement its underwriting risk sharing rules between counterparts.
  • Adaptive agenda and contact center screens per each user/role.
  • Generic alert and warnings by mail/SMS/social media based on Information Rule Manager of reinsurance risks. Especially processes reminding of contract renewing, capacity usage exceeding etc.
  • Auto required document generation and tracking and delivery.
  • Adaptive Print Template Manager so each different new template requirement can be easily designed and deployed.
  • Auto dynamic print extraction per business case (like bulletin, voucher etc.)
  • Powerful integrator which is sending and taking information to another systems like Sun -GL, SAP-GL, governmental reinsurance observer systems. So transparency can be established on real time or on weekly/monthly/yearly terms.
  • Pre-underwriting and Post-underwriting authorizations with DOP (delegation of power)
  • Multi payment and collection facilities like (EFT, cash, cheque etc.)
  • Installment Manager and reminders.
  • Reconciliation facilities with treaty companies for payment/collection balancing.
  • Cumulation risk insertion or extraction manager to handle risks which are issued on related term like renewals, endorsements etc.
  • Event/risk/cumulation based Excess Of Loss Rule Manager can keep and automate different levels of excess pools with its sharing subratios after related claims occurrence.
  • Deposit premium adjustment provision on yearly/quarterly term bases.
  • Large-variety KPIs like treaty slips, treaty profitability, excess of loss pool capacity usage reports, premium adjustment reports etc.

Clients

Magdeburger Sigorta
Gulf (GIG) Sigorta
Quick Sigorta
Sompo Japan
Türk Nippon Sigorta
Cardif
HSBC
Liberty Sigorta
Ray Sigorta

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Related Products

Insurance Software Suite
Claim Management Center
Policy Management Center
Business Process Management (E-BPM) Center