Elixir – Reinsurance Solution: One source for Ceded and Assumed Reinsurance Management

Whether you need a point solution for a specific reinsurance business function, reinsurance support for a new product launch or a bridge between legacy systems for inception to date processing of recoveries, Elixir's reinsurance solution can help.

In this one system, Elixir provides reinsurance administrative functions from contract definition through claims, accounting, and cash year-to-end statutory reporting. Elixir processes all types of reinsurance; ceded, assumed, retroceded, treaty, facultative, proportional, and non-proportional.

Elixir Reinsurance can handle the placement of premiums and losses with reinsurers, and the

tracking of receivables and payables. It helps deliver accounting, credit control, and production of management and regulatory reports. Elixir Reinsurance can operate as a stand-alone solution or integrate with existing policy administration and underwriting solutions.

The SOA bases Open Architecture of Elixir Reinsurance enables you to cope with external changes in regulations, globalization, mergers and acquisitions.

Improve accuracy, eliminating missed recoverables
Identify previously undiscovered collectibles
Track and report reinsurance claim detail
Automate identification and calculation of cessions
Integrate with policy, claims, regulatory, and financial solutions to streamline your entire administrative process
Help determine better retention levels
Enable analysis of contract profitability
Provide performance data required to negotiate more favorable renewals
Streamline overall operations & data flow
Increase management control (better reporting/reports)
Improve overall cash management
Promote business growth with fast, quality service to reinsurers
Enhance response time to industry challenges

To know more on how Elixir Re-insurance solution can help your company, Contact Us at 1-800-249-9540. Today!