A reinsurance management system has become a necessity for insurers. But installing a new ceded reinsurance system can go wrong if you don’t follow the right strategy. New Whitepaper from Effisoft Lays Out a Clear Path.
Paris, November 15, 2018. A whitepaper detailing the different challenges an insurance company must cope with when automating its reinsurance operations is now available from Effisoft. It incorporates the unrivalled expertise in reinsurance information system projects Effisoft has gained implementing its WebXL software for nearly 20 years.
Reinsurance and insurance are complex and company-specific. There are thus many risks inherent in implementing a tailored solution to automate the management process. They include incomplete functionality, difficult integration with the existing information system, complex implementation processes, poor project management as well as unreliable vendors and increased costs due to slippage.
To mitigate these risks, both the vendor and insurer must rely on a proven implementation methodology. The new whitepaper gives the various steps an insurance company needs to follow to ensure implementation goes smoothly.