Measure and control your ceded business accurately and fast.
SICS Cede is an integrated system for managing a primary insurer’s ceded reinsurance activity from accounts payable and receivable to claims handling and client relationships.
It provides ease of integration via web services to enable insurers to integrate it with primary underwriting platforms to consolidate, automate and streamline all reinsurance processes.
SICS Cede helps measure, control and report on ceded business accurately and swiftly irrespective of the size or complexity of business.
SICS CEDE PROVIDES A DYNAMIC AND RELEVANT VIEW OF THE BUSINESS
- Cost and time savings in managing the business on one global system
- Support complex reinsurance arrangements
- Provides an automatic protection allocation facility
- Provides flexibility to structure reinsurance contracts and encode the full terms and conditions
- Fully support automatic recovery calculations per event
- Calculates reinstatement and adjustment premiums
- Supports sending of ACORD technical and financial messages
- Enables a comprehensive set of business functions to be exposed as web services