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Description
The FIS Reinsurance Manager is an innovative reinsurance solution that operates independently of any specific source, aiming to boost both operational efficiency and transparency within the insurance sector. This system offers a centralized, secure, and auditable framework that automates intricate reinsurance workflows, minimizing dependence on outdated spreadsheets and legacy platforms. Among its notable features are automation for accounts payable and receivable, monitoring of open balances, and capabilities for standardized reporting. The platform effortlessly integrates with current policy and claims management systems, as well as general ledger solutions, making contract maintenance, billing, and thorough financial and statutory reporting more efficient. By centralizing and automating reinsurance tasks, the FIS Reinsurance Manager empowers insurers to navigate complex contracts with greater effectiveness, enhances accounting and claims oversight, and guarantees timely and precise reporting. Ultimately, this results in a more streamlined operational process for insurers, allowing them to focus on their core business objectives.
Description
RI-TOOL is a sophisticated multi-tenant SaaS solution designed specifically for reinsurance experts to effectively document, organize, and codify treaty clauses. Each clause is represented as a directed acyclic graph (DAG) of operands, allowing for the accurate and machine-readable formalization of intricate contractual logic that traditional spreadsheets fail to deliver. The platform facilitates the entire reinsurance process across nine specialized roles, including clause drafting by Junior underwriters, validation by Senior underwriters, actuarial formalization by Actuaries, exposure graph modeling by Risk Modelers, contract creation by Managers, and statement-of-account generation by both SOA Seniors and SOA Juniors. Each tenant is provided with a dedicated workspace that comes pre-equipped with a foundational library containing standard clauses, basic DAG graphs (akin to LEGO bricks), and SOA templates that address areas such as Profit Commission and Loss Participation. Additionally, the platform features a comprehensive glossary of 298 terms available in 14 different languages, including English, French, German, and Spanish, among others. Furthermore, all documents are securely stored utilizing AES-256-GCM encryption, ensuring the utmost protection of sensitive information. This robust framework not only streamlines the workflow but also enhances collaboration among reinsurance professionals.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$0
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
FIS
Founded
1968
Country
United States
Website
www.fisglobal.com/products/fis-reinsurance-manager
Vendor Details
Company Name
RI-TOOL
Founded
2026
Country
France
Website
ri-tool.com