| User Login |
|
|
|
|
|
|
| Company Information |
| Whether on-site, off-site or off-shore, Prevail Consulting helps all sizes of P&C
Insurance Companies solve their toughest technology challenges. Come see how we
can help you...
|
|
Read More
|
|
|
|
|
|
| Product Summary |
|
| Key Functionality |
|
|
| Key Features
|
|
Multi-Currency
|
|
|
Multi-Company Structure
|
|
|
All Types of Reinsurance
|
|
|
Unlimited Attachment Rules
|
|
|
Full Audit Trail
|
|
|
|
|
Back
|
|
|
|
|
|
|
|
|
|
| Automated Premium Cession and Retrocession (written premium or earned premium basis)
complemented with supporting functions:
|
|
|
|
Facultative Premium Processing
|
|
|
|
|
Minimum and Deposit Premium Module with Line of Business and Currency allocation
|
|
|
|
|
Direct, Assumed and Ceded Earned Premium Calculation using Accounting Earned and
Exposure Earned methods
|
|
|
|
|
Commission calculation and processing (Ceding, Override, Sliding Scale, Intermediary)
at the Participant level
|
|
|
|
|
Option to cede premium net of any combination of commission types
|
|
|
|
|
Calculation and tracking of Subject Premium
|
|
|
|
|
Portfolio Transfer Processing
|
|
|
|
|
|
|
|
|
|
|
Back
|
|
|
|
|
|
|
|
|
|
|
|
| Automated Loss Cession and Retrocession including:
|
|
|
|
|
Facultative Loss Processing
|
|
|
|
|
Treaty Per Risk, Per Occurrence or Per Claimant
|
|
|
|
|
Multiple Loss Attaching criteria
|
|
|
|
|
Stop Loss Processing
|
|
|
|
|
Calculation of Loss Adjustment Expenses Paid and Reserves as determined by flexible
User�defined Rules
|
|
|
|
|
Calculation and Tracking of Subject Loss
|
|
|
|
|
Aggregate Management
|
|
|
|
|
|
|
|
|
|
Back
|
|
|
|
|
|
|
|
|
|
|
|
| The following can be booked directly through predetermined common and user�defined
transaction codes:
|
|
|
|
|
IBNR Reserves and Losses
|
|
|
|
|
Unallocated Loss Adjustment Expenses
|
|
|
|
|
Deductible Recoveries
|
|
|
|
|
Reinstatement Premiums
|
|
|
|
|
Premium and Loss Adjustments
|
|
|
|
|
Underwriting Expenses
|
|
|
|
|
Estimated Transactions
|
|
|
|
|
Unlimited User�defined transaction types
|
|
|
|
|
|
|
|
|
|
Back
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creation of Receivable and Payable Balances expressed in Contract Settlement Currency
|
|
|
|
|
Management of Payment Requests and Disbursements
|
|
|
|
|
Administration of Receipts and Allocations, including Detail Check Information
|
|
|
|
|
Tracking of Foreign Exchange Gain or Loss when applying Cash
|
|
|
|
|
Void Functionality included for both Payments and Receipts
|
|
|
|
|
Cash Call Statements
|
|
|
|
|
Cash Application and Outstanding Balances by Multiple Search Criteria
|
|
|
|
|
Letter of Credit and Funds Held Management
|
|
|
|
|
Tracking of Unapplied Cash
|
|
|
|
|
Full or Partial Cash Application, including �Point In Time� Outstanding Balances
|
|
|
|
|
Cash Balances split by Premiums, Losses and Expenses available for GL Interfaces
|
|
|
|
|
Cash Balance �Drill�down� capability and inquiry
|
|
|
|
|
|
|
|
|
|
Back
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tracking of Submissions and Quotes, including automatic integration with Contract
Management
|
|
|
|
|
Manual Assumed Premiums Entry through a Statement of Account feature
|
|
|
|
|
Manual Assumed Losses and Reserves Entry, including Detailed Claim Information
|
|
|
|
|
Automatic Calculation of Point In Time Funds Withheld Balances
|
|
|
|
|
Automatic Calculation of Deposit Premium
|
|
|
|
|
Automatic Linkage of Ceded Business across Statutory Companies (where ceded to one
company is assumed by another)
|
|
|
|
|
|
|
|
|