pasRe.Net is a fully integrated online reinsurance automation solution that supports all aspects of the reinsurance process. Like all Policy Administration Solutions Inc. products, pasRe.Net can be used with other PAS software as part of a complete insurance solution, or it can be integrated with your current system as a standalone option.
As an online solution, pasRe.Net can provide you with real-time data giving you flexibility and increasing your efficiency in managing your reinsurance agreements. pasRe.Net is an end-to-end reinsurance software, integrating all parts of the reinsurance process including:
Reinsurer and Broker Management
Treaty Management
Reinsurance Program Definition
Attachment Definition
Premium and Loss Analysis
Reporting
Application of Cash
Schedule F
Reinsurance Management
With pasRe.Net you can manage all aspects of ceded reinsurance, including but not limited to managing participants, brokers, contracts, ceded calculation engine, bordereaux and statement generation, application of cash and generation of Schedule F. Ceded reinsurance management within pasRe.Net automatically notifies you if a reserve change will be approaching a layer limit. This means that you do not have to worry about constantly checking to make sure that you are within your layer limits and if you need to purchase additional reinsurance protection.
Additionally, you can manage assumed and ceded on assumed reinsurance.
Contract Management
pasRe.Net manages all contracts in one system. This includes both facultative and treaty contracts, including but not limited to quota share, surplus, excess, clash, catastrophe, facultative, and others. Additionally, within the pasRe.Net solution, you can retroactively process late placements or mid-term contract changes, allowing you to be more flexible and ensuring that your risk exposure is manageable.
These contracts can become very complicated very quickly, pasRe.Net makes this process simple by managing all information in an online database that allows for robust data to be pulled and analyzed instantaneously.
Integration and Reporting
The PAS system allows for full integration with any policy and claims solutions. All integrations are in real-time, allowing the user to see all changes as they happen. Being fully integrated also means that you do not have to waste time having a person transfer data from one system to another, it is all automated.
Within pasRe.Net you also can pull any type of reporting that you need. Including:
Statutory and regulatory reporting
Schedule F reporting
Bordereau reporting
Ad hoc reporting
pasRe.Net also has a standard library of canned reports available for accounting and treasury reporting.
Learn More about pasRe.Net
Policy Administration Solutions Inc. offers a full line of products designed to automate every step in the insurance process. If you are ready to fully automate your insurance company reach out here to get started or to request more information.
