Management
Prima XL
Cloud Reinsurance Software
Prima XL
The cloud-based, powerful and intuitive Prima XL is a reinsurance software that collects, centralizes, and analyzes all data for insurers, reinsurers, and brokers.
Prima XL tracks all the information related to your reinsurance policies (treaties and facultative policies, claims, incidents, accounting data, technical data, auxiliary data, financial data, and more). You can manage all of your policies, from their underwriting to their switch and renewals.
Prima XL is a flexible solution tailored to international organizations using multiple currencies and multiple GAAP requirements.
Prima XL
Prima XL offered an off-the-shelf host system that was configurable to meet the majority of our requirements. Prima Solutions Group’s team was willing to partner with us to meet several of our key requirements. And Prima XL offered an excellent user interface and experience.
Prima XL
Contract
End-to-end management of your contract life cycle
The Contract module in Prima XL allows you to easily and efficiently manage all the steps in the life of a reinsurance policy, from its creation, negotiation, and signature to the run-off or switch.
You gain speed and fluidity in the management of your reinsurance policies.
Centralized policies
With Prima XL, all of your reinsurance policies are in one place within the platform for greater visibility and security in your data processing.Management for all types of contracts
Prima XL handles all types of contracts, including treaties, facultative reinsurance, proportional and non-proportional contracts, excess loss, stop loss, quota share, and more. You can navigate from product to product all in one tool, for fast and flexible management of your portfolios.Management of all lines of business
Prima XL lets you manage all of your life and non-life insurance activities.360° vision
With Prima XL, you have at your disposal a complete, extended record of the contractual terms for your non-proportional and proportional contracts. This allows you to quickly and easily view a wide variety of information, like the assignment date, the assignment limit or event limit for quota shares, the limit amount, the number of retention limits, and so on.Rapid renewal
Handle your contrat renewals efficiently and save considerable time by copying an existing contract with its contractual terms from the previous year.
Prima XL
Claims
The efficient system for managing claims and events in reinsurance.
The Claims module in Prima XL allows you to manage claims and events easily in a specific module. This module shares and distributes all claims information across the entire Prima XL platform.
Simple management of your claim status
Easily view and update the status of your claims at any time, right within the platform.Easy link between claims and events
Centralize all of your claims and events within a single platform. With the dates, times, and a few clicks, you can attach all of your claims to a single eventOptimization of retroceded amounts
Prima XL automatically determines and updates the best period for optimizing an event’s retroceded amounts by introducing the notion of a time clause involving the duration of an event, for the event treaty. The time range is then optimized to obtain the best possible collection by reinsurers.Managing multiple ceding companies
With Prima XL, you can link events and claims to multiple ceding companies. You gain speed and fluidity in the management of your claims and events.
Prima XL
Accounting
Automated management of technical and financial accounting for reinsurance
The Technical and Financial Accounting module in Prima XL lets you monitor accounts and handle the financial accounting.
Depending on your information system, Prima XL can be used as an auxiliary reinsurance accounting system or as a provider of accounting entries.
In addition, Prima XL allows you to quickly produce all of your technical accounts for your partners on a periodic and recurring basis.
Technical account automation
Automate the production of your technical accounts for your partners—ceding companies, reinsurers, and brokers—at the frequency you want.Powerful calculation engine
The calculation engine in Prima XL allows you to automatically generate and output all of your technical accounts and premium and claims slips. In just a few clicks, you can quickly generate all of the outgoing accounts. The powerful calculation engine takes all of the reinsurance terms into account.Cumulative overview
All of the technical accounting functionalities yield a cumulative overview from the start.Management of multiple reinsurance accounts
For efficient management, you can simultaneously generate different types of accounts or accounts in bulk as part of a closing. Prima XL supports all account types, in acceptance and retrocession, including estimated accounts, final accounts, provisional premium accounts, and cash call accounts.
Prima XL
Reporting
Powerful analysis of reinsurance data
The area for technical and/or accounting reporting tools in Prima XL gives you quick and easy access to turnkey and customizable reporting modules.
These tools make it possible to produce statistics along a large number of observation axes and to define and output reports.
Turnkey and customizable reporting
The Statistical Reports module in Prima XL provides you with access to all of your accounting reports, from statement accounting to provisional acceptance and retrocession premiums and commissions. The Dynamic Reports module lets you track your balance sheet and income statement, along with more targeted analyses, such as changes in a portfolio over the years. It is also possible to connect third-party tools, such as Business Object.Informed decision-making
The reporting modules offer a wide range of criteria for breaking down and breaking apart data. You can add all the areas of analysis you want. In addition, the reports show aggregated data, and you can use the drill-down features for a more in-depth analysis.Simplified communication
The easy-to-use reporting modules also offer a wide range of output formats. You can prepare and save as many reports as you want, in whatever format best suits how the results will be communicated.
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