State-of-the-art, Web-based Technology
Automatic Contract Attachment and Calculation of Ceded Premiums and Losses
Capable of Processing Complex Contract Types: QS, VQS, Surplus, XOL, Annual Aggregate Deductible, Loss Corridors, Stop Loss, Catastrophe, Aggregate Limit, Facultative
User-defined Inuring Rules
User-defined Rules for Calculating Loss Adjustment Expenses Paid and Reserves
Automate the Retroactive Cession Adjustments with Audit Trail
Comprehensive Business Partner Administration supporting Multiple Locations and Contacts (Cedants, Reinsurers, Brokers, MGA’s, Insurers, Retrocessionaires, Underwriting Agencies, and more)
Support of Multiple Statutory Companies with Automated Intercompany Cession Functionality
Robust Online Schedule F Processing and Management
Comprehensive Statutory Management Reports and Inquiry including the ability to create ad-hoc reports and extractions to Excel and PDF
Collaterals Management and “Funds Held” Management
Aggregation by User Define Criteria for Underwriting Rules (Zones, Business Type, Territory)
Full or Partial Cash Application at multiple levels of detail with Balance “Drill-down” inquiry
Detailed capture, storage and viewing of all Transactional Data
Organizational Group and User-level Security
PRS Cession Web Service for XML exchanges of real-time-calculated ceded results for direct premiums and losses between PRS and external systems including Underwriting Rules verification
Support Tools: Document Management, Task Management, Email Management
At Prevail, we believe that a key to success in our engagements is our ability to understand the goals and expectations of our customers.