Annuity Reinsurance Administration

Automate your annuity reinsurance administration with a dedicated system.

  1. Data is loaded into the software, including treaties, rates and a direct feed from your policy administration system.

  2. TAI Annuity automatically applies the rules of the treaty to administer business.

  3. Reports are generated and made available to send to your reinsurers and retrocessionaires. Simultaneously, the system ensures that proper cash flow and accounting specifications adhere to the treaty terms.

Features & Benefits

  • Streamline your reinsurance operations, automating over 90% of manual processes, and allow your team to focus on exceptions versus day-to-day processing.

  • Have confidence in the accuracy of complex annuity calculations by using a system that automatically applies the terms and conditions of your treaties.

  • Generate both summary and seriatim level reporting for your reinsurance partners and internal stakeholders.

  • Improve your data quality by consolidating multiple legacy policy administration systems into a single source and data format.

  • Access audit trails of previous administrative actions performed in the system to validate and analyze specific data.

With TAI Annuity, you can automate the administration and processing of Fixed, Indexed, Variable and GMIB/GMDB annuity products.

 

The TAI Advantage

  • Customization

  • Operational Efficiency

  • Specliazed expertise

  • Modular architecture