For reinsurance companies, reducing risk requires quick access to vital customer, policy and treaty information. Deciding whether to underwrite a risk or not is a complex and difficult process. Technology tools can help improve productivity and reduce the operating costs of that process. Reinsurance companies must achieve success in a constantly changing global environment while meeting regulatory and compliance requirements.
The TIRS application was originally developed to run TransAtlantic Re’s reinsurance business. It was designed to contain information on the Insureds, the Treaties (Agreements) between Transatlantic and their Insureds, terms and conditions of all Agreements, all transactions under each Treaty including premiums, payments, claims and losses, etc.
The Certus Group customises and supports the TIRS Reinsurance application for our Bermuda-based Reinsurance clients.