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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

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standardization, and enhanced data transparency eliminates the reliance on cumbersome tools such as spreadsheets and outdated databases, ultimately improving operational efficiency.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 

Screenshots View All

Screenshots View All

Integrations

Duck Creek Suite Yes 
FurtherAI Yes 

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

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Product Features

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