How do you see the wood for the trees when analysing reinsurance programmes? How do you use the mass of data at your disposal to make well informed decisions? RePro addresses this problem, which is almost as old as reinsurance itself, by presenting your reinsurance data in a graphical format. At a glance, you can see exactly where you are covered and where your exposures lie. Lack of cover or a gap in the programme can be easily identified. The software converts contract information into diagrammatic form, upon which can be superimposed all manner of information, including current recovery position and security strength. By pointing and clicking on a particular contract in a diagram, you can study that contract in more detail. Information can be entered into RePro quickly and easily and can be used equally for outwards and inwards reinsurance.
RePro combines its unique graphical capabilities with a flexible calculation engine. This can be used to verify recoveries produced by an administration system and investigate multiple ultimate loss recovery scenarios. RePro can be used to audit insurance and reinsurance data, estimate insurance IBNR recoveries for year end reserving, review insurance purchasing requirements, examine inwards exposures, analyse reinsurance security and estimate bad debt reserves. It has proved invaluable for run-off and commutation exercises and is used by some of the largest run-off companies and service providers in the London Market.
By presenting complex contractual information in easy-to-understand graphical formats and combining this with powerful simulation of recoveries, RePro delivers critical information management, analysis and decision support benefits to a wide range of insurance and reinsurance professionals. Users benefiting from these capabilities include underwriters, finance directors, reinsurance managers, lawyers and regulators.
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