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What is Prevail Reinsurance System (PRS)?

The Prevail Reinsurance System (PRS) functions as a comprehensive and automated tool for the efficient management of reinsurance. Featuring robust out-of-the-box capabilities, PRS is straightforward to implement and can be easily customized to meet evolving business requirements. It includes the industry's most advanced cession calculation engine and automated workflows that significantly enhance reinsurance management. Aimed at increasing efficiency in the administration of reinsurance contracts, PRS streamlines the handling of premium and claim transactions, enabling users to seamlessly reconcile and monitor outstanding balances. Additionally, it hastens data reporting within your organization, guaranteeing that all reinsurance activities and information are securely stored in a single, user-friendly system. This centralized framework not only fosters better collaboration among teams but also amplifies overall productivity across various departments, ultimately leading to a more synchronized operational environment.

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a secure, centralized, and auditable framework that streamlines complex reinsurance workflows, reducing reliance on outdated spreadsheets and legacy systems.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.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Windows
Mac
On-Prem

Supported Platforms

SaaS

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard 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

Prevail Consulting, Inc.

Date Founded

2000

Company Location

United States

Company Website

www.prevailconsulting.com

Company Facts

Organization Name

FIS

Date Founded

1968

Company Location

United States

Company Website

www.fisglobal.com/products/fis-reinsurance-manager

Categories and Features

Reinsurance

Not specified

Categories and Features

Reinsurance

Not specified

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