The SurSITE® solution offers these important advantages to insurers and
reinsurers:
- Supports complex proportional and non-proportional facultative and treaty contract
scenarios, eliminating costly, difficult-to-detect human errors often made in manually
calculating premium and loss allocations.
- Reduces time used for complex multi-contract reinsurance recoveries while increasing
the accuracy of the underlying calculations.
- Improves cash flow, due to faster, more accurate recoveries.
- Reduces large administrative costs by extensively automating both proportional and
non-proportional technical accounting methods to industry standards.
- Improves statistical data for trend analysis and enhanced underwriting.
- Generates technical accounting summary invoices for easy integration into external
financial accounting systems of your choice.
- Supports almost any kind of reinsurance entity or organization, conforming to almost
any workflow requirements.
- Supports multiple languages, multiple currencies, multiple offices (or sites), multiple
users, multiple roles, and multiple business lines and multiple risk types within
business lines.
- Capable of generating almost any kind of required report, including insurance documentation,
managerial reporting, and regulatory reporting.
- Provides senior management with current financial, analytic, and operational information
on demand.