Reinsurance

Reinsurance managers need to control their exposure in order to correctly design reinsurance programs. In addition, they must analyze the results of portfolios ceded to reinsurers, and calculate their own companies’ margins.

InsFocus BI’s reinsurance solutions are detailed below.

Exposure Monitoring Catastrophe-prone insurance portfolios usually define separate sums insured for catastrophe exposure. These sums have to be aggregated geographically to determine the top insured values per catastrophe zone and calculate the company’s PML. InsFocus BI enables the reporting of sums insured by coverage, zone and underwriting year, thereby helping reinsurance managers manage their exposure. The system employs a unique “snapshot” view enabling the company to measure the total exposed value at any given date. High-Value Risks Monitoring high-value target risks is essential for conducting risk control. The company needs to effectively locate and list their top insured values in order to adequately protect their capital. InsFocus BI supports policy and cover-level sums-insured queries, and then isolates the top values calculated. Cession Profitability Reinsurance managers want to control their cession margins – that is the difference between reinsurance commissions and agent commissions. These calculations are often complex, since both reinsurance cessions and reinsurance commissions can differ between policies and covers. The data model incorporated by InsFocus BI provides data granularity required to correctly conduct such analysis. Preparing Information One of the most tedious tasks for reinsurance managers is preparing information for reinsurance renewal negotiations. InsFocus BI facilitates preparation of information to reinsurers including the reporting of sums insured and other exposure by line, product and geographical area, as well as the presentation of long-tail claims development