Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
RI-TOOL is a sophisticated multi-tenant SaaS solution designed specifically for reinsurance experts to effectively document, organize, and codify treaty clauses. Each clause is represented as a directed acyclic graph (DAG) of operands, allowing for the accurate and machine-readable formalization of intricate contractual logic that traditional spreadsheets fail to deliver. The platform facilitates the entire reinsurance process across nine specialized roles, including clause drafting by Junior underwriters, validation by Senior underwriters, actuarial formalization by Actuaries, exposure graph modeling by Risk Modelers, contract creation by Managers, and statement-of-account generation by both SOA Seniors and SOA Juniors. Each tenant is provided with a dedicated workspace that comes pre-equipped with a foundational library containing standard clauses, basic DAG graphs (akin to LEGO bricks), and SOA templates that address areas such as Profit Commission and Loss Participation. Additionally, the platform features a comprehensive glossary of 298 terms available in 14 different languages, including English, French, German, and Spanish, among others. Furthermore, all documents are securely stored utilizing AES-256-GCM encryption, ensuring the utmost protection of sensitive information. This robust framework not only streamlines the workflow but also enhances collaboration among reinsurance professionals.
Description
Verisk Specialty Business Solutions, previously known as Sequel, has established itself as a premier software provider in the industry for more than 25 years, offering effective and dependable solutions that ensure comprehensive management of both insurance and reinsurance operations. Consequently, our clients experience enhanced growth and improved business management through increased efficiency, adaptability, and robust data governance. With our dynamic software solutions and attentive support services, we have identified pathways to success. We are excited to introduce a groundbreaking offshore renewable energy module within our exposure management system, Impact, which utilizes the extensive global dataset of offshore wind farms compiled by Clarksons, the leading shipping services firm. This recent upgrade reflects our commitment to innovation, as our advanced and cohesive software suite facilitates complete management for all insurance and reinsurance entities, empowering our clients to gain a clearer perspective for sustainable business growth and management. Ultimately, our goal is to continue evolving alongside industry needs, ensuring that our clients are equipped with the tools necessary to thrive in a competitive landscape.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
$0
Free Trial
Yes
Free Version
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
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
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
RI-TOOL
Founded
2026
Country
France
Website
ri-tool.com
Vendor Details
Company Name
Verisk Sequel
Founded
1993
Country
United Kingdom
Website
www.verisksequel.com