Sequel Re - Outward Reinsurance Management System
    Verisk
    Sequel Re - Outward Reinsurance Management System
    OVERVIEW

    Sequel Re is a system built to facilitate the end to end outward reinsurance business processes of a Lloyd’s

    syndicate or Insurance Company, from contract entry (across facultative, proportional and excess of loss),

    through automated premium and recovery calculations, to credit control, all via a modern web-based user

    interface built for Chrome.

    Interfacing with any Policy Administration Systems to source granular inwards data, Sequel Re uses a flexible

    rules-based coverage system to calculate outwards movements via an asynchronous real-time engine. Statistical

    results are saved at the lowest level of source reporting splits, catering for multiple entities, classes of business

    and producing teams, while screen views are aggregated to an intuitive level for user processing.

    With the statistical position always up to date, users may separately post overall movements to the ledger per

    contract via the flexible statementing module, creating granular ledger transactions. The credit control activities

    can be managed directly through the system, at a level of detail appropriate for the built in LORS messaging

    facility. For a reinsurance company, payment details can be entered manually or imported automatically via an

    interface for outward cash.