Internal & External Auditors

The SurSITE^® solution provides support for end-to-end audits across the entire solution spectrum allowing auditors to follow premium, reserves and loss recoveries from the original policy through ceded and assumed and ceded to retroceded business. It is possible for an auditor to create drill down reports to follow development of individual loss reserves and actual monetary transactions throughout the entire reinsurance contract workflow, e.g. identify what portion of a premium is allocated to brokerage, ceding commission, overrider and the net portion paid to the reinsurer. Likewise, allocation of loss recoveries associated with major claims can be followed through each reinsurance contract to the individual participating reinsurer. Thus, we encourage each client to engage its certified public accountants to participate in the client specific design of required audit views and drill down reports that best support the organization’s SOX 404 compliance requirements.

If a public accounting firm, your organization may want to consider an annual subscription of the SurSITE^® environment to execute and manage client-specific reinsurance audits and reviews. You can easily "test" all transactions associated with a single reinsurance contract or an entire reinsurance program. For an international accounting firm, one single installation can be deployed to serve and support the firm’s worldwide offices.

Call your SurSITE^® representative today to schedule a system review with focus on your insurance and reinsurance clients and related audit concerns and learn how the SurSITE^® solution may reduce your organization’s exposure if implemented and used by your current and future clientele. You’ll be glad you did.