London, 13th October 2020 – Sequel have today launched their Sequel Re Portal for reinsurance professionals. The new resource platform will showcase the latest version of Sequel Re a leading- edge tool for management of all aspects of outwards reinsurance operations. In addition, the portal will include roundtable Q&A’s with leading market professionals discussing the latest issues and trends in reinsurance management, white papers, and blogs. The portal is seen as a must have resource for reinsurance professionals. David Rogers Product Head at Sequel said of the launch, “this is an exciting development which we hope all reinsurance professionals will value in terms of access to reinsurance management resources. The Portal will also feature demonstrations of the latest version of Sequel Re. “
The latest version of Sequel Re meets the demand for an end to end reinsurance management operations tool which features policy and premium administration across insurance groups, seamless automatic claim and reinstatement premium calculations, integration with policy administration systems, downstream warehousing and general ledger feed handling the complexities of multi-currency and messaging.
Rogers added, “the world of outwards reinsurance management is currently a case of a common language rather than common processes hence the reliance on manual processes, a situation exacerbated by recent M&A activity. This activity across the reinsurance sector has seen outwards reinsurance operations teams hampered by the inability to utilise a common system. Larger groups with an international parent, syndicate and branches across the world will often all have different systems. Many market discussions have concluded that what is required is a single reinsurance system workflow-driven that can capture the data, create the programme, process premium payments, claim recoveries and manage complex allocations.”
The link to the Sequel Re portal is https://events.verisk.com/SequelRe2020. Presentations on the portal will be taking place from 26th - 30th October and a live Q&A webinar with market professionals happening on the 3rd November.
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Press release distributed by Pressat on behalf of Sequel Business Solutions, on Tuesday 13 October, 2020. For more information subscribe and follow https://pressat.co.uk/