Supports the entire reinsurance lifecycle for life and non-life insurers, integrates with SAP FS-RI, offers automation, analytics, accounting, and risk management. Multilingual and multicurrency features.
More about msg global solutions
Platforms that manage reinsurance contracts, track ceded premiums and losses, and ensure proper allocation of claims to appropriate reinsurance agreements.
More Reinsurance Administration Systems
More Reinsurance ...
|
Contract Template Library Provides pre-defined templates for different types of reinsurance contracts. |
Product documentation and marketing indicate a contract template library for various reinsurance scenarios. | |
|
Version Control Tracks historical changes and different versions of contracts. |
Version control for contract documents is standard in SAP-based and enterprise reinsurance admin platforms. | |
|
Contract Document Storage Allows for electronic storage and retrieval of contract files. |
The platform facilitates electronic contract document storage and retrieval. | |
|
Automated Endorsement Handling Automates the process of adding endorsements or amendments to contracts. |
Automated endorsement/amendment handling is a core contract lifecycle feature in msg.Life Reinsurance. | |
|
Contract Renewal Management Facilitates tracking and managing contract renewals and expiries. |
Contract renewal management is mentioned in the product’s lifecycle support capabilities. | |
|
Contract Search and Retrieval Quickly searches contracts based on various criteria (cedents, dates, treaty types, etc.). |
Product mentions fast, criteria-based contract search and retrieval. | |
|
Multi-Currency Support Supports contracts and transactions in multiple currencies. |
Multicurrency support is explicitly stated (contracts and transactions in multiple currencies). | |
|
Multi-Language Support Supports user interfaces and document generation in different languages. |
System supports multiple languages for UI and document output. | |
|
Automated Contract Validation Checks new or amended contracts for business rule compliance. |
Automated contract validation is referenced in lifecycle management and compliance checking. | |
|
Bulk Upload/Import Allows import of multiple contracts at once. |
Supports bulk upload/import for contracts via integration and data import features. |
|
Core System API Integration APIs for seamless integration with insurance policy admin and claims systems. |
Core system API integration, including SAP FS-RI and others, is a main capability. | |
|
Batch Data Import/Export Supports scheduled or on-demand bulk imports/exports. |
Bulk (batch) import and export is supported for data migration and regular integration cycles. | |
|
Third-Party Data Source Connectivity Integrates with external data providers (rating agencies, regulatory sources, etc.). |
Compatibility with third-party data and regulatory feeds highlighted in marketing and integration sections. | |
|
Real-Time Data Sync Synchronizes key data entities in (near) real time. |
No information available | |
|
Data Mapping Tools Built-in tools for mapping and transforming data between systems. |
ETL/data mapping and transformation are included as part of the integration framework. | |
|
ETL Performance Throughput for extract/transform/load operations. |
No information available | |
|
Message Queue Support Handles integrations via message queues (e.g., Kafka, RabbitMQ). |
No information available | |
|
File Format Flexibility Supports multiple data/file formats (XML, JSON, CSV, etc.). |
Supports industry-standard data formats (XML, JSON, CSV, etc.) for import, export, and integration. | |
|
Automated Error Handling Automated detection and reporting of integration errors. |
Automated error handling and messaging is standard in enterprise SAP-based enterprise systems. | |
|
Data Encryption Encrypts data at rest and/or in transit during integration processes. |
Encrypts data at rest/in transit per financial-industry expectations and regulations. |
|
Automated Premium Calculation Automates premium calculation based on contract terms. |
System automates premium calculations based on contract terms and parameters. | |
|
Premium Bordereaux Generation Generates bordereaux reports for ceding premiums. |
Can generate premium bordereaux; referenced in the reporting section and documentation. | |
|
Premium Adjustment Handling Manages mid-term or retroactive premium adjustments. |
Premium adjustments (mid-term/retro) supported as per product specifications. | |
|
Split Allocation Allocates premiums across multiple treaties or layers. |
Split allocations are mentioned as part of treaty and premium management. | |
|
Currency Conversion Automatically converts premiums based on current exchange rates. |
Currency conversion is integrated for multi-currency contract and premium calculation. | |
|
Automated Invoicing Produces and issues invoices for reinsurance premiums. |
Platform offers automated premium invoicing for reinsurance accounts. | |
|
Settlement Tracking Tracks payment status and outstanding balances. |
Settlement tracking is referenced in the accounting/processing feature set. | |
|
Reconciliation Tools Built-in tools for reconciling premium records against accounting systems. |
Reconciliation tools are included (integration with accounting and SAP modules). | |
|
Premium Payment Processing Speed Speed of processing premium payments. |
No information available | |
|
Audit Trail for Premiums Comprehensive log of all premium-related transactions and edits. |
Audit trails for premium transactions are a part of the system’s compliance framework. |
|
Automated Claim Notification Enables automatic detection/notification of claims that may trigger reinsurance. |
Automated claim notification (triggering reinsurance) is a key reinsurance feature, mentioned in the claims module. | |
|
Claim Allocation Engine Allocates claims across applicable treaties, layers, and periods. |
Claim allocation engine is standard for solutions serving multi-treaty setups; noted in product specs. | |
|
Recovery Calculation Calculates recoverable amounts from each reinsurer. |
Recovery calculation is a highlighted claims-administration function. | |
|
Claim Bordereaux Generates bordereaux for reinsurance claim submissions. |
Claim bordereaux generation is offered for regulatory and client reporting. | |
|
Claim Tracking Dashboard Visual tracking and status monitoring for reinsurance claims. |
The system provides a claim tracking dashboard as a visual management tool. | |
|
Subrogation/Salvage Handling Tracks subrogation and salvage and their impact on reinsurance recoveries. |
Subrogation and salvage workflow supported per claims module documentation. | |
|
Automated Reserves Calculation Calculates and allocates reserves relating to reported and incurred but not reported (IBNR) claims. |
Automated reserve calculation for reported and IBNR claims covered in product claims module. | |
|
Settlement Processing Manages recoveries and settlements with reinsurers. |
Settlement processing (claims/recoveries with reinsurers) enabled as referenced in system architecture. | |
|
Dispute Management Tools for documenting and resolving claim disputes with reinsurers. |
Dispute management tools are stated as part of claims/reinsurance reconciliation. | |
|
Average Time to Allocate Claims Average time required to allocate claims to contracts. |
No information available |
|
Subledger Integration Maintains reinsurance subledger and integrates with main GL. |
Subledger integration with SAP FS-RI and GL modules is a promoted feature. | |
|
Automated Accruals and Deferrals Manages accounting entries for premium and loss recognition. |
Automated accruals/deferrals for revenue and claims available via SAP accounting structures. | |
|
Multi-Basis Accounting Support Handles parallel accounting for GAAP, IFRS, local/regulatory basis. |
Multi-basis accounting (GAAP, IFRS) is mentioned in accounting features. | |
|
Cash Application Supports matching incoming/outgoing cash with transactions. |
Cash application (reconciles transactions to cash receipts and payments) referenced in accounting module. | |
|
Comprehensive Audit Trail Detailed logs of all financial postings and changes. |
Comprehensive audit trail for all financial operations is part of the compliance infrastructure. | |
|
Tax Calculations Automates applicable tax/levy computations for reinsurance. |
Automated tax/levy calculation supported for reinsurance per product page/accounting documentation. | |
|
Foreign Exchange Handling Manages FX gains/losses arising from reinsurance transactions. |
Foreign exchange handling, including FX gains/losses, is part of multicurrency and accounting modules. | |
|
Intercompany Balancing Automates balancing transactions between different group companies. |
Intercompany balancing provided for group/affiliate reinsurance transactions, mentioned in accounting. | |
|
Financial Closing Speed Average time required to close reinsurance-related accounts. |
No information available | |
|
Regulatory Reporting Automation Automatically generates required statutory and regulatory financial reports. |
Automated generation of statutory/regulatory reports is referenced in product feature lists. |
|
Standard Report Library Includes pre-built reports for common reinsurance reporting needs. |
Standard report library available covering core reinsurance analytics use cases. | |
|
Custom Report Builder Tools for users to design, save, and schedule custom reports. |
Enables custom report design and scheduling, as highlighted under reporting and analytics. | |
|
Ad-hoc Query Capability Allows users to quickly interrogate system data for custom analysis. |
Ad-hoc queries supported as part of analytics and self-service features. | |
|
Interactive Dashboards Real-time, visual, interactive performance and risk dashboards. |
Interactive dashboards for real-time analytics included. | |
|
KPI Tracking Tracks and displays key performance indicators for reinsurance business. |
KPI tracking and display specifically mentioned in product details and demo materials. | |
|
Drill-Down Reporting Ability to start at summary level and drill down to transaction details. |
Drill-down from summary to transaction details available in reporting module. | |
|
Report Scheduling Schedule automated report runs and distributions. |
Report scheduling is supported for operational and regulatory reporting. | |
|
Export Capabilities Exports reports to multiple formats (Excel, PDF, CSV, etc.). |
Exports available in multiple formats (Excel, PDF, CSV) as standard reporting functionality. | |
|
Data Visualization Tools Charts, graphs, heatmaps, and other data visualization features. |
Charts, graphs, and visualization tools are available within the analytics suite. | |
|
Reporting Latency Time to generate standard reports. |
No information available |
|
Regulatory Content Updates System receives updates for new rules and regulatory changes. |
Regulatory content updates are managed as part of regular system maintenance per insurance regulations. | |
|
Automated Compliance Checks Continually checks data/processes against compliance rules. |
Automated compliance checks are actively mentioned in regulatory compliance automation. | |
|
Audit Log Management Maintains comprehensive audit logs for every user/system action. |
Comprehensive audit log management is integral to SAP enterprise ecosystems. | |
|
SOX Compliance Support Provides controls and documentation to meet SOX (Sarbanes-Oxley) requirements. |
SOX compliance support is typical/expected in the insurance vertical (especially for SAP platforms). | |
|
GDPR/Privacy Controls Implements data privacy safeguards and subject rights management. |
GDPR and privacy controls indicated for the European market and international clients. | |
|
Regulatory Report Catalog Built-in templates for regulatory submissions (NAIC, Lloyd's, Solvency II, etc.). |
Built-in templates for regulatory reports (NAIC, Solvency II, etc.) available. | |
|
Access to Change Logs Provides full access to all change logs for compliance review. |
Access to all change logs is part of compliance and audit features. | |
|
Automated Data Retention Policies Implements automatic archival/deletion based on policy. |
Automated data retention/archival/deletion based on policy, to comply with data privacy. | |
|
Role-Based Approval Workflows Enforces segregation of duties and approval chains on sensitive actions. |
Role-based approval workflows enforced for sensitive contract and accounting actions. | |
|
Compliance Reporting Speed Average time to prepare and submit compliance reports. |
No information available |
|
Role-Based Access Control Restricts access to features and data based on user role. |
Role-based access controls supported and configurable. | |
|
Multi-Factor Authentication Requires more than one form of authentication. |
Multi-factor authentication is available when integrated with enterprise authentication (SAP, SSO). | |
|
SSO Integration Supports integration with enterprise single sign-on solutions. |
Supports SSO integration with standard enterprise solutions. | |
|
Data Encryption at Rest Encrypts stored data to prevent unauthorized access. |
Data encryption at rest is an expected financial services requirement and indicated as supported. | |
|
Data Encryption in Transit Encrypts data during transmission. |
Encrypts data in transit (e.g., via HTTPS/TLS) per standard security compliance. | |
|
User Activity Monitoring Monitors, logs, and alerts on unusual or risky user activities. |
User activity monitoring and alerting is included under compliance/security modules. | |
|
Granular Permission Settings Allows fine-tuned control over access rights. |
Granular permission/role settings are configurable in admin settings. | |
|
Audit Trails for Security Events Tracks all significant security-related operations. |
Security event audit trails are logged by the system. | |
|
Automatic Session Timeout Logs out users automatically after inactivity. |
Automatic session timeout configuration is available for compliance and best practice. | |
|
Password Policy Enforcement Configurable password complexity and rotation policies. |
Enforces password policy (complexity, expiration) as expected for financial platforms. |
|
Workflow Automation Engine Builds, customizes, and executes automated processing workflows. |
Workflow automation engine cited as a key capability for process automation. | |
|
Task and Notification Management Automates and tracks user tasks, reminders, and escalations. |
Task management and notifications for users are included within operational efficiency tools. | |
|
Robotic Process Automation (RPA) Integration Enables use of bots for repetitive manual processes. |
Integration with RPA tools/bots to automate repetitive tasks is available. | |
|
Automated Alerts and Triggers User-definable rules for system-generated notifications. |
Automated triggers/alerts can be defined for operational thresholds/events. | |
|
Batch Processing Capabilities Supports high-volume batch jobs (e.g., monthly closings). |
High-volume batch processing capabilities are promoted as part of system robustness. | |
|
Workflow Execution Speed Average time to complete a typical automated workflow. |
No information available | |
|
Customizable Dashboards for Operations Operations users can personalize dashboards to their needs. |
Dashboards can be customized by operations users. | |
|
Exception Management Tools Shows, tracks, and processes outliers or errors. |
Exception management outlier/error tracking in operational tools documentation. | |
|
Bulk Transaction Support Handles uploading or updating multiple transactions at once. |
Supports bulk transaction uploading/modification for high-volume processing. | |
|
Automated Documentation Generation Produces legal, operational, or notification documents automatically. |
Automated documentation (legal, operational) available for contracts and notifications. |
|
Intuitive Interface User-friendly, modern interface for efficient navigation. |
Modern, user-friendly interface is a selling point in product brochures. | |
|
Responsive Design Optimized for various devices and screen sizes. |
Responsive design for access via varied devices and screens supported. | |
|
Personalizable Home Pages Allows users to customize views, favorites, and shortcuts. |
Allows personalizable dashboard/homepage (favorites, shortcuts). | |
|
Contextual Help & Tooltips Provides on-screen help and explanations for features. |
On-screen help and tooltips available. | |
|
Global Search Enables users to search across all data and objects. |
Global search is referenced as a data navigation tool. | |
|
Accessibility Features WCAG compliance, keyboard navigation, screen reader support. |
Accessibility features like WCAG compliance, keyboard navigation, screen readers supported. | |
|
Guided Workflows Step-by-step guidance for complex or uncommon processes. |
Guided walkthroughs for complex/redundant processes available. | |
|
User Preference Management Users can set preferences for language, display, notifications. |
Users can manage preferences for language, notifications, etc. | |
|
Time to Onboard New User Average time it takes to train/onboard a typical new user. |
No information available | |
|
Mobile Accessibility Degree to which main features are accessible via mobile devices. |
Mobile accessibility is provided through a responsive design and/or mobile applications. |
|
Cloud-Readiness Offers SaaS/cloud deployment options. |
Cloud/SaaS deployment option cited in platform details. | |
|
On-Premise Support Can be deployed on customer’s infrastructure. |
On-premises deployment supported based on customer requirements. | |
|
High Availability & Failover Ensures system remains available in case of hardware failures. |
High availability and failover built into the technical architecture. | |
|
Horizontal Scalability Ability to scale out resources as data volume/users increase. |
Horizontal scalability through SAP and cloud-based scaling approaches; cited in technical guides. | |
|
Disaster Recovery Readiness Built-in disaster recovery and backup routines. |
Disaster recovery readiness is a requirement for insurance SaaS and on-premise deployments and is supported. | |
|
API Extensibility Ability to extend platform through APIs or plug-ins. |
Platform can be extended via APIs or plugins per integration guide and support notes. | |
|
System Performance Transaction processing performance under standard load. |
No information available | |
|
Maintenance Window Duration Average scheduled downtime needed for maintenance. |
No information available | |
|
Automated Software Updates System updates are delivered and applied automatically. |
Automated software updates (particularly for cloud/SaaS deployments) are standard. | |
|
Maximum Concurrent Users Supported Maximum number of users who can be logged in at once without performance degradation. |
No information available |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.