What we do
STI’s primary offering is SurSITE®, a reinsurance processing system that
helps an insurance or reinsurance organization to efficiently manage complex reinsurance
contract combinations throughout the entire reinsurance contract workflow, from
assumed and ceded to retroceded business. It automates calculations and generates
technical accounting transactions for premiums, commissions, and claims based on
events and transactions at the original policy level, and thereafter accurately
allocates each individual transaction to the invoked treaty contracts and participating
reinsurers; it also manages statements of account, reinsurance recovery notices,
and claim notifications. Some of the key benefits achieved by our solution include
1) lower operating expenses, 2) expediting reinsurance recoverables, 3) monetizing
assets, 4) redeploying human resources, and 5) improved regulatory compliance and
reporting.
In addition to the SurSITE® solution, STI offers its domain knowledge
and experience for selected professional services engagements. Please refer to the
previous web site destination "Strategic Business Solutions" for additional details.