Key features and benefits of GLOBAL XLPro:

• A multi-user solution, allowing secure access from different locations.
• Capture of all the rules pertaining to the outwards reinsurance contract:
  • Provides complete compliance for the administration process.
  • Audits/documents all processes and calculations.
  • Gross to net processing across all tiers of the reinsurance both proportional and non-proportional, facultative and treaty.
• Calculation/attachment rules for a contract can be varied by the use of clauses that mirror the clauses included in the contract wording, such as territory exclusion, interlock and various franchises.
• Aged debt reporting including bad debt calculation, commutations tracking, LORS interface.
• Comprehensive level of analysis maintained down to inward policy level for both recoveries and costs to provide powerful reporting facilities, and to simplify investigations and audits.
• Excess of Loss - IBNR Forecast module includes facilities for carrying out simulated recovery runs based on IBNR loaded claims.
• Easily integrated with upstream (inward) and downstream (general ledger and data warehouse) systems.
• Intuitive and easy to use software, which also includes a comprehensive user manual/help text and data dictionary.
• Fully supported by a team of industry-experienced professionals.

GLOBAL XLPro is developed using Microsoft technology throughout. This ensures that the product will continually benefit from all new software releases by Microsoft and therefore protect your software and systems investment. In addition, GLOBAL XLPro will continue to be enhanced as a result of product development and specific customer requirements.