Move beyond spreadsheets and legacy systems and upgrade to a powerful and convenient cloud-delivered SaaS model. With robust functionality right out of the box and an intuitive, accessible interface, IDP Reinsurance Services–powered by CedeRight® enables carriers of all sizes to streamline their reinsurance processes.
Access Robust Data and Functionality
Built by reinsurance and technology experts, the combination of IDP and CedeRight® provides customers with a robust solution for reinsurance analytics and reporting. IDP Reinsurance offers cloud-based solutions that will streamline your operations.
- Extensive support for all forms of reinsurance, including excess of loss (aggregate and per occurrence), quota share/proportional, treaty and facultative, and integrates deductible and inuring logic.
- On demand reports, alerts and exceptions, KPI tracking and integrations with financial accounting and reporting systems (GL and Schedule F).
- Powerful automation for billing production and calculations for paid, case, and incurred
- Complete audit trail for all calculations, statements, bordereaux reports, cover letters, footnotes, and details with option for email integration.
- Real-time analysis and reconciliation of data, net exposures at any stage in the billing cycle, full policy and claim details review, historical data and alerts for sunset notices, errors, and exclusions.
- Rich repository of trading partner information, contracts, financial records to automate processes, calculate premium and loss cessions, and manage reinsurance treaties.
- Recovery support processes designed to restore workflow standards, work queues based on user-configured roles. Provides real time productivity reports.
Reduced Total Cost of Ownership
A true SaaS (software as a service) model results in rapid deployment times via the cloud and produces cost savings for carriers of all sizes.
No huge licensing fees
No maintenance and upgrade charges
Only one monthly fee
It’s time to excel beyond Excel. To learn more about automated reinsurance processing, contact us today.