Menu-driven, The Group Reinsurer module is designed to administer the reinsurance of group policies. It supports and maintains policy information and other data required to produce reinsurance premium reports and reinsurer statements.
handling of excess, stop loss, contract count, and quota share, with no limit to the layers of excess
storage of arrangement details among reinsurers by effective date - with no limit on the number of reinsurers involved
production of monthly premium reports and reinsurer statements
calculation and reports of ceding commissions on reinsurance
calculation retroactively from a full census for excess life and stop loss arrangements
reinsurance for excess based on coverage volume and premium rate, quota share based on percentage of premium billed, stop loss based on direct coverage, contract count based on enrollment summaries
calculation and reporting on recoverable claims (if THE ADJUDICATOR module is licensed)
posting of recoverable reimbursements