An integrated reinsurance module that handles both ceded and assumed reinsurance across all insurance lines. Features include contract management, premium calculation, claims allocation, and statutory reporting.
Platforms that manage reinsurance contracts, track ceded premiums and losses, and ensure proper allocation of claims to appropriate reinsurance agreements.
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Contract Template Library Provides pre-defined templates for different types of reinsurance contracts. |
The official Fadata INSIS Reinsurance solution page refers to contract management as a core feature and highlights handling of reinsurance contracts, implying availability of contract templates. | |
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Version Control Tracks historical changes and different versions of contracts. |
Industry-standard for contract management in policy platforms includes version control. This is typical for mature reinsurance modules. | |
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Contract Document Storage Allows for electronic storage and retrieval of contract files. |
Document management and retrieval is listed as a feature on Fadata's broader INSIS platform materials, which extends to the reinsurance module. | |
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Automated Endorsement Handling Automates the process of adding endorsements or amendments to contracts. |
No information available | |
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Contract Renewal Management Facilitates tracking and managing contract renewals and expiries. |
Contract renewal/expiry management is explicitly referenced in reinsurance contract lifecycle descriptions from Fadata. | |
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Contract Search and Retrieval Quickly searches contracts based on various criteria (cedents, dates, treaty types, etc.). |
Contract search and retrieval is a base function in INSIS's contract management toolset, as implied by official materials. | |
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Multi-Currency Support Supports contracts and transactions in multiple currencies. |
Multi-currency support is explicitly listed among system capabilities on Fadata INSIS documentation. | |
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Multi-Language Support Supports user interfaces and document generation in different languages. |
No information available | |
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Automated Contract Validation Checks new or amended contracts for business rule compliance. |
No information available | |
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Bulk Upload/Import Allows import of multiple contracts at once. |
No information available |
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Core System API Integration APIs for seamless integration with insurance policy admin and claims systems. |
Integration with core insurance/policy platforms is specifically noted as a feature through APIs on official Fadata product collateral. | |
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Batch Data Import/Export Supports scheduled or on-demand bulk imports/exports. |
Batch import/export is a standard reinsurance administration feature and referenced as present in system import/export descriptions. | |
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Third-Party Data Source Connectivity Integrates with external data providers (rating agencies, regulatory sources, etc.). |
No information available | |
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Real-Time Data Sync Synchronizes key data entities in (near) real time. |
No information available | |
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Data Mapping Tools Built-in tools for mapping and transforming data between systems. |
No information available | |
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ETL Performance Throughput for extract/transform/load operations. |
No information available | |
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Message Queue Support Handles integrations via message queues (e.g., Kafka, RabbitMQ). |
No information available | |
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File Format Flexibility Supports multiple data/file formats (XML, JSON, CSV, etc.). |
Support for multiple input formats (XML, JSON, CSV) for integration is indicated in Fadata INSIS integration brochures. | |
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Automated Error Handling Automated detection and reporting of integration errors. |
Error handling and automated integration notifications are typical in mature reinsurance systems and referenced in Fadata's functional overviews. | |
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Data Encryption Encrypts data at rest and/or in transit during integration processes. |
Fadata INSIS privacy and security documentation states that encryption is supported both at rest and in transit. |
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Automated Premium Calculation Automates premium calculation based on contract terms. |
Premium calculation automation is a core system capability, explicitly stated on the official product web page. | |
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Premium Bordereaux Generation Generates bordereaux reports for ceding premiums. |
Premium bordereaux reporting is mentioned as part of statutory reporting capabilities. | |
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Premium Adjustment Handling Manages mid-term or retroactive premium adjustments. |
No information available | |
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Split Allocation Allocates premiums across multiple treaties or layers. |
No information available | |
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Currency Conversion Automatically converts premiums based on current exchange rates. |
Currency conversion is implied as the platform is multi-currency and manages premium calculations. | |
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Automated Invoicing Produces and issues invoices for reinsurance premiums. |
Automated invoicing is a standard feature of insurance/reinsurance premium processing and mentioned in INSIS documentation. | |
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Settlement Tracking Tracks payment status and outstanding balances. |
Settlement and payment tracking is referenced for premium management. | |
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Reconciliation Tools Built-in tools for reconciling premium records against accounting systems. |
No information available | |
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Premium Payment Processing Speed Speed of processing premium payments. |
No information available | |
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Audit Trail for Premiums Comprehensive log of all premium-related transactions and edits. |
Audit trails for financial processing and premiums are called out in compliance sections of Fadata materials. |
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Automated Claim Notification Enables automatic detection/notification of claims that may trigger reinsurance. |
No information available | |
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Claim Allocation Engine Allocates claims across applicable treaties, layers, and periods. |
No information available | |
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Recovery Calculation Calculates recoverable amounts from each reinsurer. |
Claims processing, calculation of recoveries, and allocations are mentioned explicitly in marketing and technical documentation. | |
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Claim Bordereaux Generates bordereaux for reinsurance claim submissions. |
No information available | |
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Claim Tracking Dashboard Visual tracking and status monitoring for reinsurance claims. |
Claim dashboard and claims tracking is mentioned as a key feature in the INSIS reinsurance module. | |
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Subrogation/Salvage Handling Tracks subrogation and salvage and their impact on reinsurance recoveries. |
No information available | |
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Automated Reserves Calculation Calculates and allocates reserves relating to reported and incurred but not reported (IBNR) claims. |
No information available | |
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Settlement Processing Manages recoveries and settlements with reinsurers. |
Reinsurance recoveries and settlements are explicitly described, so settlement processing is included. | |
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Dispute Management Tools for documenting and resolving claim disputes with reinsurers. |
No information available | |
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Average Time to Allocate Claims Average time required to allocate claims to contracts. |
No information available |
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Subledger Integration Maintains reinsurance subledger and integrates with main GL. |
INSIS has a strong finance module with subledger support, as per Fadata documentation and analyst reviews. | |
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Automated Accruals and Deferrals Manages accounting entries for premium and loss recognition. |
No information available | |
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Multi-Basis Accounting Support Handles parallel accounting for GAAP, IFRS, local/regulatory basis. |
Multi-basis accounting for GAAP/IFRS can be inferred from the product’s pitch for global insurers and regulatory compliance. | |
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Cash Application Supports matching incoming/outgoing cash with transactions. |
No information available | |
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Comprehensive Audit Trail Detailed logs of all financial postings and changes. |
Comprehensive audit trail features are necessary for regulatory/statutory reporting, which the system supports. | |
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Tax Calculations Automates applicable tax/levy computations for reinsurance. |
No information available | |
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Foreign Exchange Handling Manages FX gains/losses arising from reinsurance transactions. |
Foreign exchange and multiple currency management is referenced for cross-border insurance operations. | |
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Intercompany Balancing Automates balancing transactions between different group companies. |
No information available | |
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Financial Closing Speed Average time required to close reinsurance-related accounts. |
No information available | |
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Regulatory Reporting Automation Automatically generates required statutory and regulatory financial reports. |
Automated/statutory financial reporting is included as a core part of the reinsurance module. |
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Standard Report Library Includes pre-built reports for common reinsurance reporting needs. |
Statutory, reinsurance, and operational reports are standard; explicit references in official documentation. | |
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Custom Report Builder Tools for users to design, save, and schedule custom reports. |
Custom report design tools are promoted as part of the broader INSIS platform. | |
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Ad-hoc Query Capability Allows users to quickly interrogate system data for custom analysis. |
Ad-hoc data queries and analysis are stated as being possible within INSIS system documentation. | |
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Interactive Dashboards Real-time, visual, interactive performance and risk dashboards. |
Interactive dashboards and real-time analytics are described among Key Features and Benefits for business users. | |
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KPI Tracking Tracks and displays key performance indicators for reinsurance business. |
Key performance indicators are tracked and displayed, as shown in reporting screenshots and marketing statements. | |
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Drill-Down Reporting Ability to start at summary level and drill down to transaction details. |
Drill-down capabilities are included with reporting and analytics, per detailed product documentation. | |
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Report Scheduling Schedule automated report runs and distributions. |
Report scheduling and automation is a core part of the reporting subsystem. | |
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Export Capabilities Exports reports to multiple formats (Excel, PDF, CSV, etc.). |
Export of reports to Excel, PDF, CSV cited in reporting functionality. | |
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Data Visualization Tools Charts, graphs, heatmaps, and other data visualization features. |
Charts, graphs, and visualization options mentioned in dashboard and report descriptions. | |
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Reporting Latency Time to generate standard reports. |
No information available |
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Regulatory Content Updates System receives updates for new rules and regulatory changes. |
Fadata states support for keeping regulatory content up to date as part of its compliance assurance. | |
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Automated Compliance Checks Continually checks data/processes against compliance rules. |
No information available | |
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Audit Log Management Maintains comprehensive audit logs for every user/system action. |
Audit logs for all user and system actions are referenced for risk and compliance. | |
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SOX Compliance Support Provides controls and documentation to meet SOX (Sarbanes-Oxley) requirements. |
No information available | |
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GDPR/Privacy Controls Implements data privacy safeguards and subject rights management. |
GDPR compliance and privacy controls are indicated as being designed into Fadata systems. | |
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Regulatory Report Catalog Built-in templates for regulatory submissions (NAIC, Lloyd's, Solvency II, etc.). |
No information available | |
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Access to Change Logs Provides full access to all change logs for compliance review. |
No information available | |
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Automated Data Retention Policies Implements automatic archival/deletion based on policy. |
No information available | |
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Role-Based Approval Workflows Enforces segregation of duties and approval chains on sensitive actions. |
Role-based approval workflows and segregation of duties are highlighted as access control/compliance features. | |
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Compliance Reporting Speed Average time to prepare and submit compliance reports. |
No information available |
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Role-Based Access Control Restricts access to features and data based on user role. |
Role-based access control is confirmed in Fadata's security overview. | |
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Multi-Factor Authentication Requires more than one form of authentication. |
No information available | |
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SSO Integration Supports integration with enterprise single sign-on solutions. |
No information available | |
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Data Encryption at Rest Encrypts stored data to prevent unauthorized access. |
INSIS encrypts data at rest, according to security documentation. | |
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Data Encryption in Transit Encrypts data during transmission. |
INSIS encrypts data in transit per security feature set. | |
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User Activity Monitoring Monitors, logs, and alerts on unusual or risky user activities. |
No information available | |
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Granular Permission Settings Allows fine-tuned control over access rights. |
No information available | |
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Audit Trails for Security Events Tracks all significant security-related operations. |
Audit trail of all security events featured in Fadata INSIS compliance materials. | |
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Automatic Session Timeout Logs out users automatically after inactivity. |
Automatic session timeout is a security standard and specified in security sections. | |
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Password Policy Enforcement Configurable password complexity and rotation policies. |
No information available |
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Workflow Automation Engine Builds, customizes, and executes automated processing workflows. |
Workflow automation is promoted as a key part of the platform's operational efficiency. | |
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Task and Notification Management Automates and tracks user tasks, reminders, and escalations. |
No information available | |
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Robotic Process Automation (RPA) Integration Enables use of bots for repetitive manual processes. |
No information available | |
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Automated Alerts and Triggers User-definable rules for system-generated notifications. |
Automated alerts and user-defined system notifications are mentioned in workflow/automation modules. | |
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Batch Processing Capabilities Supports high-volume batch jobs (e.g., monthly closings). |
Batch transaction and operational processing are key system benefits (monthly/quarter closings, etc). | |
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Workflow Execution Speed Average time to complete a typical automated workflow. |
No information available | |
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Customizable Dashboards for Operations Operations users can personalize dashboards to their needs. |
Dashboards in INSIS are customizable, catering to operational roles per the platform promotion. | |
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Exception Management Tools Shows, tracks, and processes outliers or errors. |
No information available | |
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Bulk Transaction Support Handles uploading or updating multiple transactions at once. |
Bulk upload and processing of transactions described as part of both premiums and claims management. | |
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Automated Documentation Generation Produces legal, operational, or notification documents automatically. |
No information available |
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Intuitive Interface User-friendly, modern interface for efficient navigation. |
Modern user interface and usability indicated in product screenshots and feature overviews. | |
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Responsive Design Optimized for various devices and screen sizes. |
Fadata’s UI is described as responsive for accessibility from any device. | |
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Personalizable Home Pages Allows users to customize views, favorites, and shortcuts. |
Personalizable and role-based home pages mentioned under user experience enhancements. | |
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Contextual Help & Tooltips Provides on-screen help and explanations for features. |
Contextual help/tooltips are described as part of onboarding and help features. | |
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Global Search Enables users to search across all data and objects. |
No information available | |
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Accessibility Features WCAG compliance, keyboard navigation, screen reader support. |
No information available | |
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Guided Workflows Step-by-step guidance for complex or uncommon processes. |
No information available | |
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User Preference Management Users can set preferences for language, display, notifications. |
Users can set preferences for notifications and displays; language and other settings adjustable at user level. | |
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Time to Onboard New User Average time it takes to train/onboard a typical new user. |
No information available | |
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Mobile Accessibility Degree to which main features are accessible via mobile devices. |
No information available |
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Cloud-Readiness Offers SaaS/cloud deployment options. |
SaaS/cloud deployment is promoted as an available option for INSIS. | |
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On-Premise Support Can be deployed on customer’s infrastructure. |
On-premise deployment is an alternative, as per Fadata's standard deployment flexibility. | |
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High Availability & Failover Ensures system remains available in case of hardware failures. |
High availability/failover and SLA-related capabilities are specified for INSIS. | |
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Horizontal Scalability Ability to scale out resources as data volume/users increase. |
System designed for horizontal scalability; cloud and on-premise scaling discussed in technical materials. | |
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Disaster Recovery Readiness Built-in disaster recovery and backup routines. |
Disaster recovery and backup procedures referenced in hosted and customer-deployed environments. | |
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API Extensibility Ability to extend platform through APIs or plug-ins. |
Fadata publications mention platform extensibility via APIs and plug-ins. | |
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System Performance Transaction processing performance under standard load. |
No information available | |
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Maintenance Window Duration Average scheduled downtime needed for maintenance. |
No information available | |
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Automated Software Updates System updates are delivered and applied automatically. |
Automated updates are an option for cloud/SaaS customers, per Fadata documentation. | |
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Maximum Concurrent Users Supported Maximum number of users who can be logged in at once without performance degradation. |
No information available |
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