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| The GLOBAL XLPro Outwards Reinsurance System is a comprehensive, technologically advanced solution designed specifically to manage the entire outwards reinsurance process. The keys to success in outwards reinsurance include optimising returns, minimising costs, maximising cash flows, whilst ensuring a sound audit trail and fulfilment of management and regulatory requirements. As the requirements have become more complex, it is increasingly difficult to achieve these objectives without a system specifically designed to capture the contract rules and methods to drive the process through to completion. |
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GLOBAL XLPro manages the entire outwards reinsurance process. This includes excess of loss claim recovery management, excess of loss premium adjustment management, proportional account management, statistics, document production and credit control. Developed entirely in Microsoft technology, GLOBAL XLPro provides single or multi user capability and integrates easily with inwards systems as well as other third party systems.
Unlike most other solutions, GLOBAL XLPro captures all of the rules and methods that apply for each individual contract. Once these are in place, the outwards reinsurance system is safeguarded, documented and auditable. The operational modules will review ALL of the claim, premium and risk data against EVERY contract using the pre-defined rules and ALL possible recoveries and costs will be identified automatically.
The key GLOBAL XLPro modules are:- Contract Maintenance.
- Excess of Loss - Claim Recovery Management.
- Excess of Loss - Premium Adjustment Management.
- Excess of Loss - IBNR Forecast.
- Statistics.
- Proportional Management.
- Credit Control.
Depending on requirements these can be implemented individually or as an integrated solution. XLPro incorporates all the benefits of the Total Objects GLOBAL architecture. |
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