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Risk Management
Reinsurance Management

OASIS Re is a comprehensive, web-based, reinsurance management system with seamless integration to the other OASIS components.  OASIS Re offers carriers broad and deep reinsurance capabilities for ceding premiums and losses. In addition, OASIS Re creates a wide array of reinsurance management reports, including Schedule F and Schedule P.

OASIS Re detects reinsurance based upon a series of decision tables specified by the carrier.  In the case of treaty reinsurance, it is not necessary to enter any treaty information into OASIS for a specific policy. OASIS Re performs any necessary calculations and feeds the information back into OASIS as required.

OASIS Re Features:

  • Ceding engine entirely separate from the OASIS system
  • Receives downloaded files and returns complete, accurate cessions
  • Entirely table driven – all contract information is in tables
  • 100% web based, using .Net
  • Automatic retroactive re-ceding of contract changes
  • Multiple, simultaneous expense rules properly handled
  • Automatic reopening of old claims
  • Cessions to insolvent companies are maintained in case of future recovery
  • It runs on the desktop or server
  • Data is returned to a database and/or to the host system
  • Self-balancing
  • Maintains an inception to date claim history
  • Monthly snapshots of aged, earned and incurred by treaty, reinsurer, and class of business.

 

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