Visual Re is a new, powerful, n-tier, treaty and facultative reinsurance system. Its features include:
Treaty and Facultative Underwriting- Complete GUI underwriting module The system includes submission processing, automated renewals, and multi-section contracts to accommodate layers, currencies, and lines of business within a single contract. Utilizing Microsoft products, broker and/or ceding company notifications can be sent via e-mail, fax, or mail. The system also provides a complete statistical module for analytical reviews.
Accounting - A multi-currency accounting module that utilizes spreadsheets for account entry and editing. It also features a quick and easy to use cash application subsystem, automated installments, automatic retrocessional processing, statutory reports and downloads, and a statistical repository for management and analytical reporting.
Claims - Complete claims module with multi-sections for tracking individual contract layers, currencies, insured, and/or coverage. The module provides aggregate deductible support, aggregation of claims by multiple accumulators, tracking of claims from ground up, automated check printing and cash application to the open item.
Other Features - The architecture provides: reusability of business logic for different applications; latest technologies taking advantage of network resources; and technological flexibility which allows the use of different databases and front ends. The source code is available.