Product Details

SICS administers reinsurance for all lines of business. It is scalable, highly configurable, and easily integrated with your other systems through a plethora of interface options. SICS can be deployed in-house or through a host.

SICS is used more than any other reinsurance solution. Its customers come in all sizes, and operate in every market in the world, including the unique London Market.

• SICS could be the ideal solution to help you grapple with change in your business, delivering:
• Cost-effective reinsurance administration
• Real-time, global view of all your business, in all locations
• Consolidation of operations on one management platform
• Effective risk assessment and accounting through great data analysis, and fast reporting
• Easy and accurate compliance with regulations
• Business responsiveness built into in every process

SICS is cost-effective because it is comprehensive. It manages all classes of business. It supports all reinsurance functions on one global platform. It is multi-company, multi-country, multi-currency and profit centre integrated. It streamlines and facilitates best practice customer processes, enabling administrative costs to be contained. SICS scalability, configurability, and flexible deployment all add to potential cost savings.

SICS gives you a central, global view of the business, so you can manage risk more effectively in international markets. Complete and accurate real-time information will then improve your management decision-making.

This is a solution that delivers regulatory compliance effortlessly across the organisation. It provides full transparency and disclosure. It supports all major global accounting standards, such as IFRS 4 and Solvency II.

SICS will help you respond to changing business and customer opportunities, and improve your customer service.

Very important, SICS will work well with your other systems, optimising your processes, and reducing errors and duplication.