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Description
Duck Creek Reinsurance streamlines and automates the entire reinsurance process by consolidating information associated with contracts, which encompasses treaties, facultative policies, claims, incidents, as well as various financial and technical data. This adaptable solution oversees contracts throughout their lifecycle, including underwriting, endorsements, and renewals, and accommodates multiple currencies and GAAP standards. By efficiently calculating recoveries and swiftly generating reinsurance invoices, it ensures that all claims eligible for coverage are accurately identified, thus fulfilling the objectives of both ceded and assumed reinsurance in terms of risk management and capital optimization. The digital transformation of reinsurance administration empowers finance and risk management teams to utilize data more effectively, facilitating crucial decisions about risk tolerance and enhancing contract discussions. Moreover, the shift towards automation, standardization, and enhanced data transparency eliminates the reliance on cumbersome tools such as spreadsheets and outdated databases, ultimately improving operational efficiency. In effect, this comprehensive approach not only simplifies processes but also fosters a more strategic alignment between risk management and financial objectives.
Description
Pivot Point is a comprehensive reinsurance transaction platform created by CATEX, aimed at transforming the way brokers and general agents handle reinsurance data. This all-in-one system consolidates placement, contracts, accounting, claims, and reporting functions into a single interface, guaranteeing uniform access and reporting across various business lines. Among its standout features is company management, which maintains critical contact details and relationships; contract management, which offers oversight of a range of contract types with intricate terms; and claims management, which accurately correlates claims data to specific contracts. Additionally, it comprises accounting and settlement functionalities to automate the generation of statements and payment schedules, alongside management reporting and analytics, which leverage built-in dashboards powered by Power BI for superior reporting capabilities. By integrating these diverse functions, Pivot Point not only streamlines operational processes but also minimizes manual workloads and significantly improves data precision. Ultimately, this innovative platform serves as a pivotal tool for enhancing efficiency and effectiveness within the reinsurance sector.
API Access
Has API
API Access
Has API
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Duck Creek
Founded
2000
Country
United States
Website
www.duckcreek.com/product/reinsurance/
Vendor Details
Company Name
Catex
Founded
1994
Country
United States
Website
www.catex.com/pivot-point/