Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Duck Creek Reinsurance streamlines and automates the entire reinsurance process by consolidating information associated with contracts, which encompasses treaties, facultative policies, claims, incidents, as well as various financial and technical data. This adaptable solution oversees contracts throughout their lifecycle, including underwriting, endorsements, and renewals, and accommodates multiple currencies and GAAP standards. By efficiently calculating recoveries and swiftly generating reinsurance invoices, it ensures that all claims eligible for coverage are accurately identified, thus fulfilling the objectives of both ceded and assumed reinsurance in terms of risk management and capital optimization. The digital transformation of reinsurance administration empowers finance and risk management teams to utilize data more effectively, facilitating crucial decisions about risk tolerance and enhancing contract discussions. Moreover, the shift towards automation, standardization, and enhanced data transparency eliminates the reliance on cumbersome tools such as spreadsheets and outdated databases, ultimately improving operational efficiency. In effect, this comprehensive approach not only simplifies processes but also fosters a more strategic alignment between risk management and financial objectives.
Description
VIPR represents an advanced ecosystem enhanced by artificial intelligence for program business, seamlessly linking every step from initial submission to final distribution. It streamlines the process for Managing General Underwriters (MGUs) and Program Administrators by facilitating quicker and more accurate data submissions, while also empowering brokers to oversee program relationships with full transparency. Insurers and reinsurers benefit from the ability to govern exposure and leverage AI-driven data insights instantly. The VIPR Portal functions as a secure digital interface that automates bordereaux submissions and ensures the delivery of high-quality data throughout the program business landscape. Meanwhile, VIPR Intrali specializes in validating and automating program data from diverse formats into a unified, compliant model, significantly minimizing reconciliation time and eradicating errors typically associated with manual processes. Furthermore, VIPR Intarga offers AI-powered, auditable workflows for the onboarding and due diligence of Program Administrators, ensuring compliance with regulatory standards from the outset. Finally, VIPR Data Cloud serves as a centralized, AI-compatible repository for bordereaux and transactional data, providing real-time insights and fostering informed decision-making across stakeholders. This integrated approach not only enhances efficiency but also strengthens the overall integrity of data management in program business.
API Access
Has API
No
API Access
Has API
No
Integrations
Duck Creek Suite
No
FurtherAI
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Duck Creek
Founded
2000
Country
United States
Website
www.duckcreek.com/product/reinsurance/
Vendor Details
Company Name
VIPR Solutions
Founded
2009
Country
United Kingdom
Website
www.viprsolutions.com/home-us