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