Ratings and Reviews 0 Ratings
Ratings and Reviews 0 Ratings
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What is FIS Reinsurance Manager?
The FIS Reinsurance Manager presents a cutting-edge solution for reinsurance that functions autonomously from any particular source, with the goal of enhancing both efficiency and transparency in the insurance industry. This innovative system provides a secure, centralized, and auditable framework that streamlines complex reinsurance workflows, reducing reliance on outdated spreadsheets and legacy systems. Key features include automation for accounts payable and receivable, oversight of open balances, and standardized reporting capabilities. Furthermore, the platform seamlessly integrates with existing policy and claims management systems, in addition to general ledger solutions, thus improving the efficiency of contract maintenance, billing, and comprehensive financial and statutory reporting. By consolidating and automating reinsurance processes, the FIS Reinsurance Manager enables insurers to manage intricate contracts more effectively, improves oversight of accounting and claims, and ensures accurate and timely reporting. This ultimately leads to a more refined operational workflow for insurers, allowing them to concentrate on achieving their primary business goals while fostering growth and adaptation in a competitive market. The system’s adaptability also positions insurers to respond quickly to regulatory changes and market demands.
What is Data Vera?
Data Vera, developed by CATEX, is a comprehensive binder management solution aimed at addressing the challenges faced by insurers and brokers utilizing disparate data sources. It seamlessly integrates data management and storage, ensuring uniform access and reporting capabilities across various business lines. Key features include the ingestion and normalization of bordereaux data, which allows for efficient management of large files without the complexity of traditional templates. Additionally, the platform incorporates automation and machine learning elements that enable it to adapt over time, providing automatic data corrections in subsequent uploads, thereby improving operational efficiency. The solution is also equipped with robust program management capabilities for both incoming and outgoing operations, facilitating the consolidation of policy and claims data at the program or facility level and supporting diverse reinsurance frameworks, including treaty, facultative, and proportional arrangements. Furthermore, its accounting module is tailored to produce a customized general ledger that aligns with the unique needs of each organization, offering features for levy and tax accounting, ensuring thorough financial oversight. With these advanced functionalities, Data Vera signifies a major step forward in the effective integration and management of data within the insurance sector, ultimately transforming how industry professionals handle their operational processes.
Integrations Supported
Additional information not provided
Integrations Supported
Additional information not provided
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
FIS
Date Founded
1968
Company Location
United States
Company Website
www.fisglobal.com/products/fis-reinsurance-manager
Company Facts
Organization Name
Catex
Date Founded
1994
Company Location
United States
Company Website
www.catex.com/data-vera-for-binder-management/