FIS Reinsurance Manager 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a centralized, secure, and auditable framework that automates intricate reinsurance workflows, minimizing dependence on outdated spreadsheets and legacy platforms.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.
FIS Reinsurance Manager Alternatives
Macaw AMS
Macaw AMS can be used to sell Insurance. Macaw AMS can be used by brokers, MGAs or MGUs, Program Managers, and Lloyds Coverholders to automate their operations.
Macaw AMS was built with a customer-centric approach. It supports CRM, Sales and Underwriting. Customers, producers, and service providers can access self-service portals.
Macaw AMS has built-in Document Management and Task Management capabilities. It is equipped with adaptors that allow for integrated and in-flow services such as eSignature, Payments, OFAC checks, Mass Emailing, Computer Telephony, and Mass Emailing, using 3rd Party Services.
The data analytics part of Macaw AMS offers powerful data visualization with predefined dashboards, allowing users to easily upload datasets and view dynamic charts for clear, multi-dimensional insights. Interactive, real-time visualizations help uncover trends and insights, driving informed decision-making.
Macaw AMS is hosted on cloud and tested for cybersecurity. The database is relational, and the core components of the Java-based application are written in Java. Macaw AMS is capable of processing 500-1000 policies per day at its peak.
Macaw AMS is expected reduce per policy costs by 30%.
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Cloud Claims
APP Tech pioneered the incident-based approach to claims and risk management. Since 2003, we’ve delivered integrated technology solutions to hundreds of customers across North America — to improve claims-management efficiency and scalability, increase visibility, shorten response times, lower premiums, and prevent risk events.
Cloud Claims by APP Tech is a top-rated risk management and claims software solution. IMS is a purpose-built software solution for self-insureds, TPAs, and companies who want to track their claims and losses. It helps users manage the entire claim lifecycle, from the initial incident report to issuing payments and collections. It offers a variety of features that allow users to have complete control over their claims, as well as risk information. These include incident management and claims management, workgroup tools as well as reporting, insurance tracking, and many other features.
We’re proud of our 100 percent implementation-success rate and excellent customer-retention rate, a result of our commitment to understanding our clients’ needs and rolling out solutions that work for them.
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Sapiens ReinsurancePro
Sapiens ReinsurancePro is an all-encompassing platform tailored to streamline the underwriting and management of various forms of reinsurance, including treaty and facultative, as well as ceded, assumed, and retroceded types. This platform boasts strong accounting features that ensure adherence to auditing standards and statutory obligations, alongside automated billing that facilitates one-click Schedule F generation. By integrating seamlessly with policy and claims management systems, it automates the identification and computation of cessions, thus boosting operational efficiency. The automation embedded in contracts, calculations, and processes grants comprehensive financial oversight while minimizing the risk of claims leakage. Emphasizing a cloud-first strategy, ReinsurancePro presents adaptable deployment options and a scalable framework that can efficiently manage substantial data volumes with speed and reliability. Its rapid input/output capabilities and swift transaction processing further enhance the system's overall performance, making it a pivotal tool for reinsurance professionals. Additionally, the platform's user-friendly interface ensures that users can easily navigate its features and maximize its potential.
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Sapiens ReinsuranceMaster
Sapiens ReinsuranceMaster serves as an all-encompassing platform tailored for extensive and global reinsurance initiatives, delivering complete control over finances and adaptability for various business sectors. By automating intricate programs with customizable workflows and procedures, it guarantees adherence to auditing standards and statutory regulations, while accommodating operations in multiple countries and currencies. The system significantly improves financial precision with accurate premium calculations, enhanced claim recovery features, and meticulous process monitoring to mitigate financial losses. Integrated analytics provide a unified perspective on liabilities and risks, leveraging a rich data warehouse and crucial KPIs to facilitate strategic decision-making. Additionally, its integration features support standard connections to policy and claims management systems, seamless incorporation with document management tools, and comprehensive management of workflows and activities across different business functions, ensuring a streamlined operational experience. This holistic approach not only optimizes efficiency but also empowers organizations to navigate the complexities of the reinsurance landscape with confidence.
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Integrations
No Integrations at this time
Company Details
Company:
FIS
Year Founded:
1968
Headquarters:
United States
Website:
www.fisglobal.com/products/fis-reinsurance-manager
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Product Details
Platforms
Web-Based
Types of Training
Training Docs
Live Training (Online)
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Business Hours
Online Support
FIS Reinsurance Manager Features and Options
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