The reinsurance system is a web based system that supports the management of information required to administer small group and individual health reinsurance pools. This custom built system simplifies administration and supports the submission of information via a secure web interface or encrypted file transfer. System functionality can include automatic calculation of reinsurance premium due (if required), as well as the reimbursable amounts for submitted claims. In addition, the system has the ability to track deductibles, cost-sharing arrangements and coverage corridors.
All information regarding policies, membership, reinsured individuals, claims and premiums is stored in a secure relational central database. Reports can be generated to facilitate a complete picture of the reinsured population and related financial transactions for reconciliation. The system can be easily configured to meet a variety of reinsurance requirements.