A technologically advanced ceded P&C reinsurance solution
A technologically advanced ceded P&C reinsurance solution, GLOBAL XLPro fully automates a reinsured’s calculations for recoveries and costs as well as providing the required documentation and credit control functionality. It can be implemented as a stand-alone solution to be integrated with any existing policy management systems, including Xuber for Insurers Enterprise, as well as with Xuber for Reinsurers to manage retrocessions.
With its sophisticated calculation engine and extensive configurability, GLOBAL XLPro manages the entire outwards reinsurance process with a high degree of automation, making it one of the most complete and compliant solutions in the P&C reinsurance market, across both personal and commercial lines. It provides accurate and consistent results even for large volumes of business in highly complex and bespoke reinsurance programs.
GLOBAL XLPro is designed to be readily integrated with third party systems to improve straight-through processing in the management of an insurer’s ceded reinsurance program. It is a highly flexible system, with the ability to vary calculation rules for a contract, for example through the use of clauses, which mirror the clauses included in the contract wording.
The system provides powerful reporting facilities and simplified investigations and audits, as well as a dedicated excess of loss IBNR forecast module enabling simulated recovery runs based on IBNR loaded claims, as well as running a range of other realistic data scenarios.