Reqister/Log in

TOROS from Reinsurance Solutions LLC

A reinsurance administration system that manages all aspects of both assumed and ceded reinsurance. Features include contract management, premium and claim processing, financial accounting, and reporting.

Is this your product?

Product analysis by function

Reinsurance Administration Systems for Reinsurance

Platforms that manage reinsurance contracts, track ceded premiums and losses, and ensure proper allocation of claims to appropriate reinsurance agreements.
More Reinsurance Administration Systems More Reinsurance ...

Contract Management
(7 Yes /7 Known /10 Possible features)

Data Integration
(5 Yes /5 Known /10 Possible features)

Premium Processing
(6 Yes /6 Known /10 Possible features)

Claims Handling
(7 Yes /7 Known /10 Possible features)

Financial Accounting
(6 Yes /6 Known /10 Possible features)

Reporting & Analytics
(9 Yes /9 Known /10 Possible features)

Regulatory Compliance & Audit
(2 Yes /2 Known /10 Possible features)

Security & Access Control
(3 Yes /3 Known /10 Possible features)

Operational Efficiency & Automation
(5 Yes /5 Known /10 Possible features)

User Experience & Usability
(4 Yes /4 Known /10 Possible features)

Technical Platform & Scalability
(6 Yes /6 Known /10 Possible features)

Compare

Hard working Robot This data was generated by an AI system. Please check with the supplier. More here

While you are talking to them, please let them know that they need to update their entry.

Contract Template Library Provides pre-defined templates for different types of reinsurance contracts.		Marketing material for TOROS specifically cites contract management with use of templates.
Version Control Tracks historical changes and different versions of contracts.		TOROS highlights versioning and historical audit capability for contracts.
Contract Document Storage Allows for electronic storage and retrieval of contract files.		Electronic storage and retrieval of contracts mentioned in product description.
Automated Endorsement Handling Automates the process of adding endorsements or amendments to contracts.		No information available
Contract Renewal Management Facilitates tracking and managing contract renewals and expiries.		The system tracks and manages contract renewals and expiries according to product datasheet.
Contract Search and Retrieval Quickly searches contracts based on various criteria (cedents, dates, treaty types, etc.).		TOROS provides contract search capabilities using multiple criteria, as listed in its feature overview.
Multi-Currency Support Supports contracts and transactions in multiple currencies.		Multi-currency support is a highlighted feature for contract and premium processing.
Multi-Language Support Supports user interfaces and document generation in different languages.		No information available
Automated Contract Validation Checks new or amended contracts for business rule compliance.		Automated business rule checking on contracts is listed among the system’s controls.
Bulk Upload/Import Allows import of multiple contracts at once.		No information available

Core System API Integration APIs for seamless integration with insurance policy admin and claims systems.		TOROS is marketed as integrating with policy admin, claims and accounting systems via APIs.
Batch Data Import/Export Supports scheduled or on-demand bulk imports/exports.		No information available
Third-Party Data Source Connectivity Integrates with external data providers (rating agencies, regulatory sources, etc.).		The website and product collateral mention integrations with rating agencies and regulatory feeds.
Real-Time Data Sync Synchronizes key data entities in (near) real time.		No information available
Data Mapping Tools Built-in tools for mapping and transforming data between systems.		No information available
ETL Performance Throughput for extract/transform/load operations.		No information available
Message Queue Support Handles integrations via message queues (e.g., Kafka, RabbitMQ).		No information available
File Format Flexibility Supports multiple data/file formats (XML, JSON, CSV, etc.).		TOROS documentation mentions support for importing/exporting data in formats like XML, CSV, and Excel.
Automated Error Handling Automated detection and reporting of integration errors.		Product information highlights detection and display of data import errors.
Data Encryption Encrypts data at rest and/or in transit during integration processes.		Marketing material notes encrypted data transmission and storage for compliance.

Automated Premium Calculation Automates premium calculation based on contract terms.		The product provides automated premium calculations based on policy and contract rules.
Premium Bordereaux Generation Generates bordereaux reports for ceding premiums.		No information available
Premium Adjustment Handling Manages mid-term or retroactive premium adjustments.		Premium adjustment management is explicitly included in product features.
Split Allocation Allocates premiums across multiple treaties or layers.		No information available
Currency Conversion Automatically converts premiums based on current exchange rates.		Multi-currency and automated exchange rate-based calculations described in features.
Automated Invoicing Produces and issues invoices for reinsurance premiums.		Automated invoice production for both ceded and assumed business is frequently described.
Settlement Tracking Tracks payment status and outstanding balances.		TOROS tracks payment and settlement against invoices.
Reconciliation Tools Built-in tools for reconciling premium records against accounting systems.		No information available
Premium Payment Processing Speed Speed of processing premium payments.		No information available
Audit Trail for Premiums Comprehensive log of all premium-related transactions and edits.		TOROS features an audit trail for all premium transactions, as shown in technical documentation.

Automated Claim Notification Enables automatic detection/notification of claims that may trigger reinsurance.		Claim notifications can be triggered automatically according to claims administration module.
Claim Allocation Engine Allocates claims across applicable treaties, layers, and periods.		Allocation engine described for handling complex claims splits.
Recovery Calculation Calculates recoverable amounts from each reinsurer.		System calculates reinsurance recoveries per treaty and reinsurer.
Claim Bordereaux Generates bordereaux for reinsurance claim submissions.		Bordereaux generation for claims is included in listed system outputs.
Claim Tracking Dashboard Visual tracking and status monitoring for reinsurance claims.		TOROS offers visual dashboards for claim tracking and status monitoring.
Subrogation/Salvage Handling Tracks subrogation and salvage and their impact on reinsurance recoveries.		No information available
Automated Reserves Calculation Calculates and allocates reserves relating to reported and incurred but not reported (IBNR) claims.		Claims reserves and IBNR can be set and calculated automatically.
Settlement Processing Manages recoveries and settlements with reinsurers.		Recovery management and settlement with reinsurers described as fully supported.
Dispute Management Tools for documenting and resolving claim disputes with reinsurers.		No information available
Average Time to Allocate Claims Average time required to allocate claims to contracts.		No information available

Subledger Integration Maintains reinsurance subledger and integrates with main GL.		Subledger integration with accounting/GL is a standard feature, per documentation.
Automated Accruals and Deferrals Manages accounting entries for premium and loss recognition.		Automated accruals for premiums and claims included on financial features page.
Multi-Basis Accounting Support Handles parallel accounting for GAAP, IFRS, local/regulatory basis.		Parallel accounting for multiple GAAP/IFRS bases marketed as a differentiator.
Cash Application Supports matching incoming/outgoing cash with transactions.		No information available
Comprehensive Audit Trail Detailed logs of all financial postings and changes.		Comprehensive audit trail for all financial transactions mentioned.
Tax Calculations Automates applicable tax/levy computations for reinsurance.		No information available
Foreign Exchange Handling Manages FX gains/losses arising from reinsurance transactions.		Foreign exchange handling and reporting are documented features.
Intercompany Balancing Automates balancing transactions between different group companies.		No information available
Financial Closing Speed Average time required to close reinsurance-related accounts.		No information available
Regulatory Reporting Automation Automatically generates required statutory and regulatory financial reports.		Regulatory reporting automation highlighted among financial/accounting features.

Standard Report Library Includes pre-built reports for common reinsurance reporting needs.		Standard report library for reinsurance is part of base offering.
Custom Report Builder Tools for users to design, save, and schedule custom reports.		TOROS allows users to design and save custom reports.
Ad-hoc Query Capability Allows users to quickly interrogate system data for custom analysis.		Ad-hoc querying reported as supported in product documentation.
Interactive Dashboards Real-time, visual, interactive performance and risk dashboards.		Interactive real-time dashboards are marketed for risk and financial monitoring.
KPI Tracking Tracks and displays key performance indicators for reinsurance business.		KPI tracking and visualization are listed.
Drill-Down Reporting Ability to start at summary level and drill down to transaction details.		Drill-down from summary to transaction level enabled in analytics UI.
Report Scheduling Schedule automated report runs and distributions.		Users can schedule report runs and emailing; documented in reporting features.
Export Capabilities Exports reports to multiple formats (Excel, PDF, CSV, etc.).		Exports to Excel, PDF, and CSV available from reports interface.
Data Visualization Tools Charts, graphs, heatmaps, and other data visualization features.		Charts, graphs, and heatmaps present in reporting and dashboard modules.
Reporting Latency Time to generate standard reports.		No information available

Regulatory Content Updates System receives updates for new rules and regulatory changes.		No information available
Automated Compliance Checks Continually checks data/processes against compliance rules.		No information available
Audit Log Management Maintains comprehensive audit logs for every user/system action.		Comprehensive audit logging for compliance is described as a key feature.
SOX Compliance Support Provides controls and documentation to meet SOX (Sarbanes-Oxley) requirements.		No information available
GDPR/Privacy Controls Implements data privacy safeguards and subject rights management.		Data privacy and subject rights management listed as GDPR-compliance controls.
Regulatory Report Catalog Built-in templates for regulatory submissions (NAIC, Lloyd's, Solvency II, etc.).		No information available
Access to Change Logs Provides full access to all change logs for compliance review.		No information available
Automated Data Retention Policies Implements automatic archival/deletion based on policy.		No information available
Role-Based Approval Workflows Enforces segregation of duties and approval chains on sensitive actions.		No information available
Compliance Reporting Speed Average time to prepare and submit compliance reports.		No information available

Role-Based Access Control Restricts access to features and data based on user role.		Role-based access management is covered in security & administration documentation.
Multi-Factor Authentication Requires more than one form of authentication.		No information available
SSO Integration Supports integration with enterprise single sign-on solutions.		No information available
Data Encryption at Rest Encrypts stored data to prevent unauthorized access.		TOROS provides data encryption at rest, per security architecture section.
Data Encryption in Transit Encrypts data during transmission.		Data is encrypted end-to-end during transmission (secure HTTPS), per documentation.
User Activity Monitoring Monitors, logs, and alerts on unusual or risky user activities.		No information available
Granular Permission Settings Allows fine-tuned control over access rights.		No information available
Audit Trails for Security Events Tracks all significant security-related operations.		No information available
Automatic Session Timeout Logs out users automatically after inactivity.		No information available
Password Policy Enforcement Configurable password complexity and rotation policies.		No information available

Workflow Automation Engine Builds, customizes, and executes automated processing workflows.		Workflow automation engine is listed in product's operational efficiency features.
Task and Notification Management Automates and tracks user tasks, reminders, and escalations.		User task and notification escalations covered in workflow engine documentation.
Robotic Process Automation (RPA) Integration Enables use of bots for repetitive manual processes.		No information available
Automated Alerts and Triggers User-definable rules for system-generated notifications.		User-definable alerting and rule-based notifications illustrated in system screenshots.
Batch Processing Capabilities Supports high-volume batch jobs (e.g., monthly closings).		No information available
Workflow Execution Speed Average time to complete a typical automated workflow.		No information available
Customizable Dashboards for Operations Operations users can personalize dashboards to their needs.		No information available
Exception Management Tools Shows, tracks, and processes outliers or errors.		No information available
Bulk Transaction Support Handles uploading or updating multiple transactions at once.		TOROS supports uploading and importing bulk transactions for contracts and claims.
Automated Documentation Generation Produces legal, operational, or notification documents automatically.		Automated generation of legal and operational documents covered in product literature.

Intuitive Interface User-friendly, modern interface for efficient navigation.		Modern, easy-to-navigate UI illustrated in screenshots and documentation.
Responsive Design Optimized for various devices and screen sizes.		System is accessible via browser for various screen sizes; responsive design mentioned.
Personalizable Home Pages Allows users to customize views, favorites, and shortcuts.		No information available
Contextual Help & Tooltips Provides on-screen help and explanations for features.		Contextual on-screen help and tool tips available.
Global Search Enables users to search across all data and objects.		No information available
Accessibility Features WCAG compliance, keyboard navigation, screen reader support.		No information available
Guided Workflows Step-by-step guidance for complex or uncommon processes.		No information available
User Preference Management Users can set preferences for language, display, notifications.		No information available
Time to Onboard New User Average time it takes to train/onboard a typical new user.		No information available
Mobile Accessibility Degree to which main features are accessible via mobile devices.		TOROS main functionality is mobile-accessible per product specifications.

Cloud-Readiness Offers SaaS/cloud deployment options.		TOROS is offered as SaaS / cloud application, see deployment options page.
On-Premise Support Can be deployed on customer’s infrastructure.		On-premise deployment is listed as supported for regulated clients.
High Availability & Failover Ensures system remains available in case of hardware failures.		No information available
Horizontal Scalability Ability to scale out resources as data volume/users increase.		TOROS is described as scalable for large users and data volumes.
Disaster Recovery Readiness Built-in disaster recovery and backup routines.		Disaster recovery and resilience is addressed in technical/IT material.
API Extensibility Ability to extend platform through APIs or plug-ins.		APIs designed to allow platform extensibility and custom integrations.
System Performance Transaction processing performance under standard load.		No information available
Maintenance Window Duration Average scheduled downtime needed for maintenance.		No information available
Automated Software Updates System updates are delivered and applied automatically.		Software updates can be scheduled and applied automatically in the SaaS version.
Maximum Concurrent Users Supported Maximum number of users who can be logged in at once without performance degradation.		No information available

TOROS from Reinsurance Solutions LLC

Product analysis by function

Reinsurance Administration Systems for Reinsurance

Contract Management (7 Yes /7 Known /10 Possible features)

Data Integration (5 Yes /5 Known /10 Possible features)

Premium Processing (6 Yes /6 Known /10 Possible features)

Claims Handling (7 Yes /7 Known /10 Possible features)

Financial Accounting (6 Yes /6 Known /10 Possible features)

Reporting & Analytics (9 Yes /9 Known /10 Possible features)

Regulatory Compliance & Audit (2 Yes /2 Known /10 Possible features)

Security & Access Control (3 Yes /3 Known /10 Possible features)

Operational Efficiency & Automation (5 Yes /5 Known /10 Possible features)

User Experience & Usability (4 Yes /4 Known /10 Possible features)

Technical Platform & Scalability (6 Yes /6 Known /10 Possible features)