Benefits to Insurance & Reinsurance Organizations

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.