SOURCE: EFFISOFT

Effisoft

September 03, 2014 13:53 ET

Effisoft USA to Showcase Its Comprehensive Reinsurance Solution at NAMIC

NAMIC Members Like The Motorists Insurance Group Benefit From a Reinsurance System

DALLAS, TX--(Marketwired - Sep 3, 2014) - Insurance companies that aren't using dedicated software to track their reinsurance placements run growing financial and regulatory risks, says Joseph Sebbag, CEO of Effisoft USA, which will demonstrate its WebXL reinsurance System at the NAMIC conference, September 21-24. Risks include claims leakage, poor management of recoverables and lack of business intelligence capabilities. 

Sound reinsurance software gives insurers fully automated processing and tight control over processes, regulatory reporting and claims. This is an addition to enhanced business intelligence capabilities that provide timely, reliable and wide-ranging financial information for trends, profitability analysis and exposure just to name a few.

"NAMIC members are well positioned to adopt a ceded reinsurance system," Sebbag said. "Most have reinsurance programs that are complex enough to make their investment very cost-effective."

One such NAMIC member is The Motorists Insurance Group, which selected WebXL in 2013. Motorists gains a comprehensive solution that provides enhanced data access, improved controls and fully automated processing, according to Tom Brock, assistant vice president, finance, at Motorists. "WebXL gives us strong analytic and reporting tools, with a primary focus on loss-side administration for ceded property and casualty contracts," he says.

All registrants and visitors to Effisoft USA's booth (1235) at NAMIC will have a chance to win an iPad mini. Last year, Robert Chambers of Canada's Brant Mutual was the lucky winner.

Effisoft's WebXL reinsurance software is a proven comprehensive solution that has withstood the test of time for 20 years and the rigors of real-world conditions with more than 1,000 daily users worldwide. 

Read Sebbag's article on reducing risk and improving ceded reinsurance management published in Carrier Management and Insurance Thought Leadership at http://tinyurl.com/nyhx3b5.

Effisoft USA (www.effisoftusa.com) is the North American division of Effisoft, founded in 1989 as an independent, expanding, proactive company that respects its commitments towards its clients. It is committed to improving its products and services to provide impeccable support to an increasingly diversified and demanding market. Based in Paris, the worldwide company has more than 300 clients in five continents and 17 countries. A 99-second video about WebXL is online at www.effisoftusa.com/index.php/Products/webxl.html.

Contact Information