You've heard stories about companies throughout the USA coming
up with 'found money' through better Reinsurance management,
but how can you get a part of that action?
Undetected reinsurance recoverables and improperly ceded
premiums have led to astonishing losses for some insurers—millions
of dollars in some cases. If profit is your goal, proactive
reinsurance administration should be a top priority.
Fiserv Reinsurance Solutions:
Fiserv Reinsurance Solutions fully automate the administration
of your reinsurance agreements to enhance your overall efficiency,
accuracy and profitability. They are available via a typical
software license, application outsourcing to a Fiserv data
center, or end-to-end business process outsourcing.
Improve accuracy, eliminating missed recoverables
Identify previously undiscovered collectibles
Track and report reinsurance claim detail
Automate identification an calculation of cessions
Integrate with policy, claims, regulatory, and financial
solutions to streamline your entire administrative process
Help determine better retention levels
Enable analysis of contract profitability
Provide performance data required to negotiate more favorable
renewals
Streamline overall operations & data flow
Increase management control (better reporting/reports)
Improve overall cash management
Promote business growth with fast, quality service to
reinsurers
Enhance response time to industry challenges
Proven Solutions
Fiserv offers two reinsurance solutions to address the diverse
technical and business needs of this market space. Between
the two solutions, we support nearly 100 clients.
FRS - Freedom
Reinsurance System is a client/server solution that
administers ceded business, and employs a SQL, Sybase or
Oracle database.
URS - Universal
Reinsurance System utilizes a Java user interface via
a conventional browser and employs a DB/2 or UDB database
to administer both ceded and assumed transactions of unlimited
volume.
Skilled Fiserv professionals can help you determine which
solution best suits your organization’s unique technical
and business requirements.
Call 800-943-2851 or email solutions@fiserv.com
today for more information on an in-house or hosted reinsurance
solution that lets you keep the profits you’ve worked
so hard to earn.
