Prima XL

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Overview

The cloud-based, powerful and intuitive Prima XL (formerly WebXL) is a reinsurance software that collects, centralizes, and analyzes all data for insurers, reinsurers, and brokers.

Prima XL tracks all the information related to your reinsurance policies (treaties and facultative policies, claims, incidents, accounting data, technical data, auxiliary data, financial data, and more). You can manage all of your policies, from their underwriting to their switch and renewals.

Prima XL is a flexible solution tailored to international organizations using multiple currencies and multiple GAAP requirements.

Key Features

  • Rapidly record all types of reinsurance contracts with their full terms and conditions (creation date, amendments, renewals, cancellation)
  • Track claims and events and associated transactions
  • Generate technical accounts and bordereaux for premiums, claims, and commissions…
  • Provide detailed reporting statistics, such as triangulation by line of business, type of contract, region, etc…
  • Improve processes with a complete audit trail
  • Scale the platform according to your business needs

Prima XL is modular and can be completely tailored according to your needs.

Key Benefits

  • Manpower savings and reduction of maintenance expenses: instead of hours spent inputting data into speadsheets, Prima XL users can focus on analysis,
    planning and other value-added activities.
  • Simplified compliance and improved productivity: Prima XL users are able to submit billing of reinsurance claims sooner and collects cash from reinsurers faster.
  • Enhanced controls and increased efficiency: by automatically applying complex reinsurance contract terms, Prima XL users get improved controls over all reinsurance. Reinsurance processes are far more streamlined and efficient.
    calculations with Prima XL.
  • Reliability of the data: with Prima XL, many users were able to uncover their recoverables.
  • Robust analytics and reporting tool.

Product/Service details