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What is Sapiens ReinsurancePro?

Sapiens ReinsurancePro is a comprehensive solution designed to optimize the underwriting and management of various reinsurance types, such as treaty, facultative, ceded, assumed, and retroceded. It features robust accounting capabilities that guarantee compliance with auditing standards and legal requirements, complemented by automated billing that enables quick Schedule F generation with just one click. By seamlessly integrating with policy and claims management systems, the platform automates the identification and calculation of cessions, significantly enhancing operational productivity. The automation present in contracts, calculations, and processes provides thorough financial oversight while reducing the likelihood of claims leakage. With a strong emphasis on a cloud-first approach, ReinsurancePro offers flexible deployment options and a scalable infrastructure that can adeptly handle large volumes of data with both speed and reliability. Its rapid input/output capabilities, combined with efficient transaction processing, further improve the system's performance, making it an essential resource for reinsurance experts. Furthermore, the intuitive interface of the platform allows users to navigate its features with ease, ensuring they can fully leverage its offerings to their advantage. This combination of functionality and user-friendliness positions ReinsurancePro as a standout choice in the reinsurance technology landscape.

What is Prima XL?

Prima XL, which was formerly referred to as WebXL, is an advanced and intuitive cloud-based software tailored specifically for the reinsurance sector, allowing insurers, reinsurers, and brokers to effectively gather, centralize, and analyze pertinent data. This comprehensive platform diligently keeps track of every element of your reinsurance agreements, including treaties, facultative policies, claims, incidents, as well as financial and accounting information. Users find it easy to manage their policies, overseeing everything from underwriting tasks to renewals and adjustments. With flexibility at its core, Prima XL caters to global enterprises that deal with multiple currencies and comply with various GAAP standards. By unifying all reinsurance policies into a single system, it significantly improves data visibility and security while optimizing data management practices. Moreover, the software is capable of handling a diverse array of contracts such as treaties, facultative reinsurance, proportional and non-proportional agreements, excess loss, stop loss, and quota share arrangements, thereby ensuring comprehensive solutions for all reinsurance requirements. With powerful analytical capabilities, Prima XL not only facilitates informed decision-making but also allows organizations to respond swiftly to emerging market trends. This adaptability and robustness make Prima XL an essential tool for any business operating within the reinsurance landscape.

Media

Media

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

Sapiens

Date Founded

1982

Company Location

Israel

Company Website

sapiens.com/products/reinsurancepro-reinsurance-administration-automation-software/

Company Facts

Organization Name

Prima Solutions

Date Founded

2000

Company Location

France

Company Website

www.prima-solutions.com/en/products/prima-cloud-reinsurance-software/

Categories and Features

Categories and Features

Insurance Agency

Claims Management
Commission Management
Contact Management
Document Management
Insurance Rating
Life & Health
Policy Management
Property & Casualty
Quote Management

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