In one centralized management registry, set up your reinsurers, register treaties, and track cessions of treaty and facultative risks.
Your core policy management system should look beyond policies alone and account for the influence of important market partners, such as reinsurers. That’s why OneShield Software has included vital reinsurance handling capabilities that streamline the administration and management of reinsurance agreements since it was first launched into the marketplace.
We understand the important role that reinsurers play in the underwriting process and their role in the success of your business. With OneShield’s Reinsurance Cession Management functionality, you will have the business intelligence data and administrative tools needed to work more closely with third-party reinsurers to expedite and facilitate the policy lifecycle, as well as manage overall risk.
OneShield makes it simple to register and manage reinsurers and cede business. Users can grant treaty or facultative authority to the Reinsurer Partner, and also register agreements, handle proportional and non-proportional treaty and facultative agreements, and tracks cessions by agreement or by the reinsurer. Achieve an enterprise-wide overview of your relationships with reinsurance providers.
Simplifying your commission and billing processes, OneShield can also net out cession commissions, and issue reinsurance payments based on treaty descriptions and commission agreements.
At OneShield Software, we’re technology experts with deep roots in the insurance industry. Our comprehensive portfolio of business applications is tailored for insurance industry leaders looking to reduce expenses, improve efficiencies and optimize service delivery every step of the way.