Data Vera
Data Vera for binder management is a comprehensive solution developed by CATEX to address the challenges insurers and brokers face with disparate data sources. It unifies data storage and management, ensuring consistent access and reporting across all lines of business. Key features include the ingestion and normalization of bordereaux data, allowing for the efficient processing of large files without complex templates. The platform's automation and learning capabilities enable it to adapt over time, applying data corrections automatically on future uploads, thereby streamlining operations. It also offers robust inward and outward program management, facilitating the aggregation of policy and claims data at the program or facility level, and supports various reinsurance configurations such as treaty, facultative, and proportional. Additionally, the accounting module can populate a general ledger tailored to organizational needs, offering features like levy and tax accounting.
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TAI
TAI (Tindall Associates, Inc.) specializes in reinsurance administration software and services, offering an all-in-one life reinsurance solution that connects life insurers and reinsurers globally. Their platform eliminates manual workarounds, paper treaties, and homegrown systems, streamlining reinsurance operations. With over 30 years of experience, TAI supports more than 100 active client software installations worldwide, processing $10 trillion USD of ceded risk on behalf of clients. Notably, over 90% of the top-ceded insurers in North America utilize TAI's software for their life reinsurance administration. TAI launched TAI Insights, an intuitive reinsurance analytics toolset powered by Comotion. This tool enables clients to monitor overall and individual treaty performance, assess client and policyholder concentration risks, and align their reinsurance programs with corporate risk appetites through customizable dashboards.
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Moody's Analytics AXIS
Moody’s Analytics AXIS actuarial system is a powerful modeling solution, used by insurers, reinsurers, and consultants for actuarial analysis of life insurance and annuity business. The AXIS actuarial system emphasizes performance, ease of implementation, flexibility, robustness, scalability, and transparency at lower cost of use. It delivers the flexibility to deploy large-scale computing power through an advanced cloud-based delivery platform or installed software. A flexible vendor-maintained actuarial system handles multiple applications such as reserving, asset and liability management (ALM), pricing, financial modeling, capital calculations, hedging, and financial frameworks. Project future monthly cash flows from starting liabilities and invested assets, for up to 100 years. Evaluate blocks of business using deterministic or stochastic projections of profitability and movements in surplus; evaluate the impact of reinsurance or changes in premiums and other plan values.
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Verisk Sequel
Verisk Specialty Business Solutions (formerly Sequel), has been a leading industry software specialist for over 25 years, delivering impactful, reliable solutions that provide end-to-end management of all insurance and reinsurance business. As a result, our clients are able to grow and better manage their business through greater efficiency, flexibility, and data governance. With powerful, flexible software and responsive services, we see the way to drive success. We're pleased to announce a significant new offshore renewable energy module within our exposure management system, Impact. This latest enhancement leverages the comprehensive worldwide offshore wind farms dataset curated by the research arm of Clarksons, the world's biggest shipping services provider. Our modern, powerful, and integrated suite of software provides full end-to-end management of all insurance and reinsurance businesses so that our clients get a clearer vision to grow and manage their businesses.
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