The SurSite® Solution
- The SurSITE® Advantage
- Reinsurance Management
- Technical Accounting
- Contract Types
- Business Intelligence
- Solving Problems with SurSITE®
Increase Accuracy
Supports complex facultative and treaty contract scenarios, eliminating costly, difficult-to-detect human errors made in manually calculating premium and loss allocations
Save Time
Reduces time used for complex multi-contract reinsurance recoveries while increasing the accuracy of the underlying calculations.
Save Money
Reduces large administrative costs by extensively automating technical accounting methods to industry standards.
The SurSITE® Solution
The SurSITE® platform automates the byzantine reinsurance workflow process to produce reliable premium and loss allocations in every currency at the speed of NOW.
Product Overview
The SurSITE® solution was designed by industry "insiders" with extensive hands-on experience from both the insurance and reinsurance domains. Emphasis was on solving common problems associated with accurately managing complex proportional and non-proportional technical accounting methods throughout the entire reinsurance contract workflow from assumed and ceded to retroceded business. Insurance and reinsurance professionals are all familiar with the cumbersomeness in calculating “correct” premium and loss allocations in a surplus program with multiple units making up the aggregate reinsurance capacity.
Likewise, allocation of large losses to a combination of quota share, excess-of-loss and catastrophe excess-of-loss treaties in combination with facultative contracts on individual risks offers its own time consuming and error prone problems. Naturally, these troubles increase in complexity when multiple insurance subsidiaries of a single parent company are impacted by the same loss occurrence within an insurance group.