Average Ratings 0 Ratings
Average Ratings 0 Ratings
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standardization, and enhanced data transparency eliminates the reliance on cumbersome tools such as spreadsheets and outdated databases, ultimately improving operational efficiency.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
SohamLife is an entirely web-based platform that facilitates the entire insurance operation life cycle, encompassing everything from the initial proposal registration to the conclusive settlement of claims, whether related to death or maturity. This solution is designed to be user-friendly, offering insurers essential flexibility and scalability while ensuring a swift implementation and deployment process. Users, including both agents and policyholders, can easily check the status of proposals, policies, and claims through a straightforward interface. By allowing seamless integration among the Underwriting, Claims, Reinsurance, and Accounting departments, it effectively eliminates data redundancy. Additionally, the system meets both international and country-specific operational processing and reporting needs. SohamLife supports multiple currencies and languages, enhancing its accessibility and functionality across diverse markets. This comprehensive and integrated component-based solution streamlines core business processes, ensuring that data entered in one area is reflected across all components.
API Access
Has API
No
API Access
Has API
No
Integrations
Duck Creek Suite
No
FurtherAI
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$250 per month
Free Trial
Yes
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
Yes
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Duck Creek
Founded
2000
Country
United States
Website
www.duckcreek.com/product/reinsurance/
Vendor Details
Company Name
Dream Tekis Software
Founded
2005
Country
India
Website
dreamtekis.com/life-insurance-software/
Product Features
Product Features
Insurance Agency Management
Claims Management
Yes
Commission Management
Yes
Contact Management
Yes
Document Management
Yes
Insurance Rating
No
Life & Health
Yes
Policy Management
Yes
Property & Casualty
Yes
Quote Management
Yes