The WebXL reinsurance solution was initially developed in Europe with precise analysis of the all the difficulties encountered by businesses in the Re-Insurance market. Indeed, the development and implementation of a complete reinsurance information system remains a true challenge today, and WebXL is an innovative package capable of managing all areas of the reinsurance process.
The WebXL reinsurance solution was initially developed in Europe with precise analysis of the all the difficulties encountered
by businesses in the Re-Insurance market. Indeed, the development and implementation of a complete reinsurance information system remains a true challenge today, and WebXL is an innovative package capable of managing all areas of the reinsurance process.
Cardinal identified a lack of highly specialist Re-Insurance software in Southern Africa and thereafter embarked on a journey to find and partner with an international specialist in this field, whose solutions would complement its CIMS policy and claims administration platform, rather than develop its own – two specialists are better than none! Cardinal and Effisoft partnered in a joint venture where Cardinal represents, implements and supports WebXL, and is Effisoft’s representation and partner for Sub-Saharan Africa.
Within 10 years, WebXL has become a powerful software package developed by EffiSoft allowing the processing
of all reinsurance operations, both front and back-office, for Insurers (Cedants), reinsurance brokers and reinsurers. WebXL is web based and offers all intervening parties easy means of exchanging information, whether amongst their group or with their different partners. Today, over 100 of the largest insurance groups, not only in Europe, but globally use WebXL for their comprehensive Re-Insurance requirements.
WebXL offers the following features, as either a standalone system or interfaced real-time with the CIMS administration platform.
WebXL is capable of managing the cessions, the active R/I and the reinsurance brokerage operations for all cover types (quota-shares, surplus, stop-loss, excess of loss, treaties, facultative), in Life or Non-Life.
On a technical level, WebXL was developed, from the start, to facilitate the company’s internal and external data exchanges.
However, WebXL is much more
than a powerful database designed for your own needs. The software is available in an Internet and/or secure intranet environment, allowing all your partners
to supply or access the information.
WebXL is an aggregate of complementary modules progressively implemented according to your needs. Some users will first consider the management of recent underwriting exercises and therefore use all modules; others will initially implement the contractual and the technical accounting modules and later integrate the third party accounts management and the implementation of statistical tools. For companies with simple reinsurance processes, Effisoft developed a simplified version of WebXL. “WebXL Light” which comprises basic modules and fewer functions. It is the perfect alternative for companies with limited budgets to automate their reinsurance management.
WebXL constitutes a fully functional solution on an open technical architecture. As such, the solution can be entirely bespoke:
The aim of WebXL software is to integrate itself into your existing information system. The interface allows for easy data transfer both upstream and downstream with any existing information system
The evolution of WebXL is driven by the experience of a wide range of reinsurance professionals. WebXL functions evolve constantly due to ideas and input from our clients. Our references and WebXL functions reflect this and make WebXL the leading French software with regards to reinsurance management, from a technical, commercial or accounting standpoint. Historic data integration is often a significant operation when implementing a reinsurance information system. In order to minimise this we have created a modular product, therefore allowing clients to progressively master the tool whilst undertaking daily tasks.
WebXL can be installed as a unique information system in a reinsurance department with:
According to Acord Reinsurance XML Standards, you may exchange contractual and accounting data for all reinsurance types and thus better communicate with your third parties (Reinsurers, Brokers, Cedants) via WebXL. www.acord.org
To request a demo or to find out more about WebXL, please contact us on 083 310 5340 or complete the form below.
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