SICS/nt is the world’s foremost suite of applications for the reinsurance and international insurance markets.
Now used by over 45 percent of the global market on more than 7,000 workstations, SICS/nt provides a wealth of unique and proven functionality for:
Property and casualty reinsurance administration
Life and health reassurance administration
Large complex commercial, global risks administration
The automation of ceded reinsurance arrangements
Multi-GAAP international accounting
SICS/nt allows reinsurance companies to run the full range of administrative functions — underwriting, cession and claims handling, treaty administration, accounting and retention management — all on one global platform.
SICS/nt supports all types of organizations — large corporate companies, small start-ups and niche players. It delivers cost effective administration by running one integrated solution on a single unified database, with reduced processing costs.
SICS/nt can be delivered as a complete application or in modules for separate integration through Web services. Brochures
SICS/nt Overview SICS/nt supports all types of organizations — large corporations, small start-ups and niche players — by delivering cost-effective reinsurance administration. SICS/nt runs one integrated solution on a single unified database and dramatically improves risk management and analysis through its industry-leading reporting capabilities.
SICS/nt Provides Global Underwriting, Claims and Accounting in One Package SICS/nt P&C is the leading administration system for assumed professional reinsurance, providing full support for underwriting, claims, accounting, management and financial reporting, and cession/retrocession. Case Studies
Danish Re Enters Global Reinsurance Market and Lloyd's, with SICS/nt P&C Entering the key London market via a Lloyd’s syndicate meant newcomer Danish Re had to find an administration system that could cope with the demands of a growing global reinsurance business and comply with the strict self-regulatory requirements imposed by Lloyd's of London. It found the solution in CSC’s SICS/nt P&C.
Farmers Mutual Hail Chooses SICS/nt to Better Manage Its Multi-Million Dollar Reinsurance Business Farmers Mutual Hail wanted a system that offered improved information for reporting and increased speed in obtaining that information. FMH considered several potential systems but chose CSC’s SICS/nt because of its data storage capability, its platform which allows for easy integration with other applications, and its rich reporting functions.
PartnerRe Uses SICS/nt to Improve Operational Efficiency and Implement a Common Global Reinsurance System As a result of a major global expansion of its business through acquisition, reinsurance specialist PartnerRe needed to consolidate and optimize the administration of its worldwide reinsurance operations — moving to a single network, a common IT infrastructure, and one set of business applications and processes throughout the company.
Swiss Re Benefits from Enhanced Global Reporting and Achieves Significant Process Cost Savings In order to increase its position in the emerging Latin American, Asia Pacific and Eastern European markets, while maintaining its share of the highly competitive EU and US markets, Swiss Re needed to upgrade its aging systems, improve its reporting capability and reduce its administrative costs. Swiss Re now has the biggest installation of SICS/nt worldwide, with more than 700 users across all continents. For More Information For more information about reinsurance, contact us by phone or e-mail. Only CSC will use the information you provide.
