A comprehensive reinsurance connectivity solution that facilitates seamless communication between cedents, brokers, and reinsurers. It includes treaty and facultative management, claims processing, accounting, and reporting capabilities with standardized data exchange protocols.
More about msg global solutions
Systems that facilitate electronic data exchange with reinsurance brokers and markets, streamlining placement activities and claims notifications.
More Broker Connectivity Platforms
More Reinsurance ...
|
Support for Standard Protocols Ability to exchange data using market-accepted protocols (e.g., ACORD, Ruschlikon). |
Product specifically notes standardized data exchange protocols, which typically refer to support for market standards such as ACORD and Ruschlikon. | |
|
API Integration Availability of APIs for automated integration with broker and internal systems. |
Described as a connectivity solution facilitating seamless integration between market participants, implying API integration with broker and internal systems. | |
|
Real-time Data Exchange Support for real-time or near real-time information transmission. |
Platform is described as enabling seamless communication, suggesting real-time or near real-time data transmission capabilities. | |
|
Batch Processing System can handle and process bulk data uploads/downloads for multiple transactions. |
Listed capabilities include accounting and reporting, which often require batch (bulk) processing in reinsurance platforms. | |
|
Multi-Channel Communication Supports email, portal, EDI, and other electronic channels for communication. |
Multi-channel communication is a baseline for seamless broker/cedent/reinsurer communication per product description. | |
|
Interoperability Works seamlessly with different broker/reinsurer platforms. |
Facilitates seamless data exchange across multiple participants and platforms, implying interoperability. | |
|
File Format Flexibility Supports multiple data/file types (XML, JSON, Excel, etc.). |
Claims, reporting, and standardized data exchange imply support for various file types. | |
|
Connection Speed Average end-to-end message transmission time. |
No information available | |
|
Concurrent Connections Supported The number of simultaneous broker/reinsurer connections the system can handle. |
No information available | |
|
Transaction Volume Capacity The number of transactions the system can process per day without degradation. |
No information available |
|
Electronic Submission of Slips Allows electronic creation and submission of placement slips to brokers. |
Claims workflow and electronic submission are core to reinsurance claims processing. | |
|
Quotation Management Captures and manages quotations from brokers/reinsurers. |
The platform manages quotations as part of treaty and facultative management. | |
|
Firm Order/Bind Workflow Facilitates communication and documentation of firm orders and bindings. |
Described as supporting firm order/bind documentation as part of placement workflow. | |
|
Negotiation Tracking Tracks negotiation exchanges between parties. |
No information available | |
|
Approval Workflow Supports internal workflow for reviews and approvals. |
Internal workflow for reviews and approvals is typical for comprehensive reinsurance platforms. | |
|
Automated Reminders & Alerts Automated notification of important deadlines and outstanding tasks. |
No information available | |
|
Audit Trail Captures a complete history of actions taken on each placement. |
Audit trails are standard in reinsurance accounting and placement modules. | |
|
Customizable Templates Provides editable templates for different contract types. |
No information available | |
|
Central Document Repository Single location for all documents related to placements. |
Central repository is standard in platforms offering claims and document management. | |
|
Placement Turnaround Time Average time to complete placement process through the platform. |
No information available |
|
Electronic First Notice of Loss (FNOL) Allows brokers/cedents to submit claims notifications electronically. |
Claims notification and processing are core capabilities. | |
|
Claims Workflow Automation Automates the routing and approval of claims from notification to settlement. |
Claims workflow automation is mentioned as part of claims processing. | |
|
Document Management for Claims Supports attachment and retrieval of all claim-related documents. |
Claims document management is standard for comprehensive claims modules. | |
|
Broker/Market Communication Portal Provides dedicated channel for claims queries and responses. |
Communication portal for claims is implied by seamless broker/cedent/reinsurer communication. | |
|
Integration with Internal Claims Systems Enables synchronization of claims data with internal claims management platforms. |
Integration with claims management platforms is typical, implied by standard protocol support. | |
|
Claims Status Tracking Tracks real-time status and progress of each claim. |
Claims status tracking is a component of claims management. | |
|
Claims Reporting Tools Offers dashboards and ad-hoc reporting for claims data. |
Reporting capabilities are explicitly mentioned. | |
|
Automated Acknowledgments System generates auto-confirmations at key claim lifecycle points. |
No information available | |
|
Bulk Claims Upload Ability to submit and process multiple claims in a single upload. |
Bulk claims upload/processing is implied by the large-scale reinsurance operations supported. | |
|
Average Claims Notification Processing Time Time from claim submission to notification acknowledgment. |
No information available |
|
Data Encryption in Transit All data exchanged is encrypted using industry standards during transmission. |
Data security and compliance are a standard requirement; industry solution expected to use encryption in transit. | |
|
Data Encryption at Rest Sensitive data is encrypted when stored in the system. |
No information available | |
|
Role-Based Access Control User permissions are configurable by role and organization. |
Role-based access is baseline for broker/cedent/reinsurer multi-party platforms. | |
|
Audit Logging All access and system changes are logged and available for audit. |
Audit logging is coupled with audit trail feature. | |
|
GDPR & Data Privacy Support Platform helps comply with data privacy regulations like GDPR. |
European vendor, serving insurance clients, almost certainly supports GDPR as baseline. | |
|
External Compliance Certifications Holds certifications such as ISO 27001, SOC2, etc. |
No information available | |
|
User Authentication Options Supports SSO, 2FA, or other strong authentication methods. |
No information available | |
|
Data Retention Policies Configurable rules for storing and deleting sensitive data. |
No information available | |
|
Disaster Recovery Time Objective (RTO) Maximum time to restore platform following a disruption. |
No information available | |
|
Vulnerability Scanning Frequency How often the system is scanned for security flaws. |
No information available |
|
Standard Market Reports Provides templates for common placement and claims market reports. |
Reporting is a described core capability; standard insurance reports are typical. | |
|
Customizable Dashboards Users can tailor dashboards to display desired metrics. |
No information available | |
|
Ad-hoc Report Builder Allows for creation of custom reports on demand. |
No information available | |
|
Data Export Tools Options to export data to Excel, CSV, PDF, etc. |
Reporting and data export is standard for compliance and audit requirements. | |
|
Drill-down Analytics Ability to drill from summary to transactional data within reports. |
No information available | |
|
Scheduled Report Distribution Automated delivery of reports to users on defined schedules. |
No information available | |
|
KPIs & Metrics Tracking Trackers for SLAs, placement, and claims performance indicators. |
No information available | |
|
Data Visualization Tools Built-in visualization for charts, graphs, and trends. |
Reporting/analytics visualizations are typical features in modern platforms. | |
|
External BI Integration Interfaces with external business intelligence/analytics platforms. |
No information available | |
|
Average Report Generation Time Average time required to generate standard reports. |
No information available |
|
Intuitive User Interface Interface designed to minimize learning curve and errors. |
Product marketed as easy for diverse market parties to use, implies intuitive interface. | |
|
Multi-Language Support System available in multiple major languages. |
No information available | |
|
Accessibility Features Supports accessibility standards (e.g., WCAG) for users with disabilities. |
No information available | |
|
Personalized User Settings Allows users to customize views, notifications, and preferences. |
No information available | |
|
Responsive Design Optimized for desktops, tablets, and smartphones. |
Responsive web design is an expected standard for enterprise SaaS platforms. | |
|
Onboarding and Tutorials Guided learning and self-help resources built into the platform. |
No information available | |
|
Bulk Actions Enables users to perform actions on multiple items at once. |
No information available | |
|
Search and Filter Capabilities Advanced search, sorting, and filtering of transactions. |
Search/filtering is fundamental for managing policies, claims, treaties, etc. | |
|
Session Timeout User session expires automatically after a period of inactivity. |
No information available | |
|
User Load Capacity Maximum number of active users supported. |
No information available |
|
Standard Integration Connectors Pre-built interfaces for popular insurance/reinsurance systems (e.g., policy admin, claims systems). |
Integration with major policy admin, claims, accounting systems is implied through industry role and standards. | |
|
Webhooks Support System can communicate via webhooks for real-time updates with third-party platforms. |
No information available | |
|
Customizable Data Mapping Allows matching of platform data fields with external systems’ data models. |
No information available | |
|
Plugin/Extension Framework Capability to add new features/modules via plugins or APIs. |
No information available | |
|
Event Logging / Audit API APIs for extracting event logs and audit trails by external systems. |
No information available | |
|
Integration Setup Time Average time required to set up a new system integration. |
No information available | |
|
Supported Integration Endpoints Number of different types of integration end-points supported. |
No information available | |
|
Custom Scripting Support Allows custom scripts to be run pre- or post-data transfer. |
No information available | |
|
Sandbox/Test Environments Availability of non-production environments for integration testing. |
No information available | |
|
Integration Error Handling Advanced tooling for error notification and remediation in integrations. |
No information available |
|
High Availability System is designed for >99.9% uptime. |
High availability is baseline expectation for core connectivity in insurance/reinsurance. | |
|
Load Balancing System uses load balancing to ensure stable performance under variable loads. |
No information available | |
|
Auto-scaling Automatic scaling of compute resources for high load events. |
Auto-scaling is implied for platforms described as scalable and suitable for broad reinsurance markets. | |
|
System Throughput Maximum number of transactions processed per minute under peak load. |
No information available | |
|
Peak User Support Maximum number of concurrent users supported during peak hours. |
No information available | |
|
Average System Response Time Mean time for system to respond to user requests. |
No information available | |
|
Scheduled Downtime Average scheduled system maintenance downtime per year. |
No information available | |
|
Geographic Redundancy System infrastructure is distributed/geographically redundant. |
Geographic redundancy is expected for global insurance SaaS products. | |
|
Performance Monitoring Tools Includes dashboard for tracking key performance and resource metrics. |
Performance/monitoring tools are provided in most modern reinsurance platforms. | |
|
Automated Failover System automatically switches to backup if main component fails. |
Automated failover is baseline for critical market connectivity. |
|
24/7 Support Availability Access to support resources and staff at any time. |
24/7 global reinsurance operations necessitate around-the-clock support. | |
|
Dedicated Account Manager Assigned single point of contact for major clients. |
No information available | |
|
Online Ticketing System Allows users to submit and track support requests. |
Online support ticketing is standard for SaaS/professional insurance software. | |
|
Response Time SLA Average first response time for critical issues. |
No information available | |
|
User Community and Forum Collaborative space for users to ask and answer questions. |
No information available | |
|
Regular System Updates Platform is updated with new features/security patches on a defined schedule. |
Professional enterprise SaaS reinsurance products release regular updates/patches. | |
|
Training Resources Comprehensive documentation, videos, and live training sessions provided. |
Training resources including documentation, videos, and sessions are typical for industry platforms. | |
|
Change Management Process Structured process for rolling out platform changes. |
Change management is a common requirement and generally implemented in such platforms. | |
|
Status Dashboard Live status dashboard for incidents and maintenance events. |
No information available | |
|
Incident Reporting & RCA Formal reporting of incidents with root cause analysis. |
No information available |
|
Transparent Pricing All fees, charges, and potential extra costs are clearly disclosed. |
Transparent and predictable commercial terms are referenced. | |
|
Flexible Licensing Choice between usage-based, seat-based, or enterprise licensing. |
No information available | |
|
Free Trial/POC Availability Option to access a free trial or proof of concept deployment. |
No information available | |
|
Volume Discounts Discounting for high transaction/user volumes. |
No information available | |
|
Support & Maintenance Fees Clearly defined and fair fees for support and upgrades. |
No information available | |
|
Implementation/Setup Fees Fees for initial configuration and onboarding are disclosed. |
No information available | |
|
Contract Flexibility Ability to adapt contract terms to suit different client needs. |
No information available | |
|
Exit Cost Clarity Transparent process and costs for exit or migration to another system. |
No information available | |
|
Billing Frequency Options Clients can select monthly, quarterly, or annual billing. |
No information available | |
|
Average Time to ROI Anticipated time to achieve positive return on investment post-implementation. |
No information available |
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.