Reinsurance

Reinsurance Tracking

FIMMAS Reinsurance administration activities for handling YRT, coinsured, modified coinsured, and self-administered reinsurance include:

  • Definition and maintenance of automatic and facultative reinsurance treaties.

  • Support for multiple reinsurers and treaties for a policy.

  • Definition and maintenance of premium rate tables and allowance tables.

  • Calculation of reinsurance premiums and allowances.

  • Calculation of reinsured net amount at risk.

  • Calculation of billing adjustments for policy changes and/or termination.

  • Billing of all self-administered policies by reinsurer and/or reinsurance treaty.

  • Capture and maintenance of reinsurance records that detail the contracts and amounts reinsured.

  • Capture of historical data that details transactions affecting reinsurance and reinsurance billing.

  • A complete audit trail.

  • A link to reserves for reserve credits.

  • No limit to the number of reinsurers on a policy.

  • Automatic processing of changes to retention. Revised retention limits can be entered and will immediately take effect for any new reinsurance cases. The system does not currently adjust reinsurance for existing cases when the retention limit is changed.

  • A variety of online inquiries and management reports.

  • Recapture capabilities

Since 1982, Management Data, Inc. has specialized in insurance administration software solutions.

Request Information or a Demo


APPX

IAI

2060 Oak Mountain Drive, Pelham, AL 35124

mkt@mgtdata.com

Tel. 205.378.1380

Fax. 205.378.1381