The document describes several insurance technology solutions from Xuber including:
- Xuber for Insurers which provides a full insurance platform for underwriting, policy administration, claims management, billing, and reinsurance.
- Xuber for Reinsurers which provides an end-to-end solution for reinsurance processing.
- Xuber plans to release solutions for MGAs and Brokers in 2013 that will utilize the same technology platform.
- The document also describes several additional Xuber solutions: Genius for international insurance, Iris for London Market administration, Elgar for ceded reinsurance recoveries, and Brokasure for broker administration.
4. Xuber for Insurers
• Single solution, global capability
• The most capable componentised
insurance technology solution available:
• Xuber Policy
• Xuber Claims
• Xuber Billing
• Xuber Ceding
Our Next Generation Componentised Solution
5. Xuber for Reinsurers
• Full assumed reinsurance life cycle
• Integrated end-to-end solution
• Unrivalled configurability and functionality:
• Xuber Contract
• Xuber Claims
• Xuber Billing
• Xuber Retro-Ceding
Single Platform Solution with Global Capability
6. Xuber for MGAs and Xuber for Brokers
Coming Soon - 2013
The same powerful technology platform for MGAs and Brokers
7. Underwriting
• Submission and quote processing
including name & submission clearance
• Highly configurable product capability
with line of business templates for
workflow, data & UI
• Quote data management with
integrated workflow
• Support for rating and benchmarking
• Underwriting rules & principles
• Document production and support
for document management
• Bind processing
• Management information
including dashboards
• Distribution channel support
Policy Administration
• Extensively configurable product
structure with template products
• Policy data management with support
for programmes, lineslips & declarations
• Terms & conditions
• Support for insurable interests
• Co-insurance processing
• Statistical financial transaction
management
• Risk analysis and assessment
including dashboards
• London Market support
• Third party and Xuber component
suite integration
• Reporting
8. Claims Management
• Full claims life cycle management
including FNOL and coverage verification
• Highly configurable product capability
with line of business templates
• Claims data management with integrated
workflow
• Highly configurable workflow allowing for
fast track (low touch/no touch) automation
• Multi currency capability for all
transactions
• Document production and support for
Document management
• Support for involved parties and
Insurable Interest
Claims Processing
• Claims transaction management
• Claims data management with integrated
workflow
• Payment terms and schedules
• Payment processing and message
integration including London Market
support
• Statistical financial transaction
management
• Management information including
dashboards
• Third party integration including Xuber
component suite integration
• Co-Insurance processing
• Ceded reinsurance integration
9. Ledger and Billing Solution
• Account data management
• Account management and workflow
• Allocations processing
• Bank reconciliations processing
• Month/year end closing process
• Payment processing
• Statement processing
• Financial transaction management
• Management information
• Ceded RI integration
• Co-insurance processing
• Commutation processing
• General ledger integration
• Support for document production and
management
• Third party access portal eg policy holder,
agent
• Third party integration
• Xuber component suite integration
• London Market support
• Message integration
10. Proportional Treaty
• Automatic RI attachment
• Ceded reinsurance management
& workflow
• Ceded RI data management
• Proportional treaty RI calculation
processing
• Facultative proportional RI calculation
processing
• Terms & conditions
• Portfolio transfer
• Security processing
• Management information & dashboards
• Ceded RI statement processing
• Support for document production &
management
Excess of Loss Treaty
• Facultative non-proportional RI calculation
processing
• Non-proportional treaty RI calculation
processing
• Statistical financial transaction
management
• Third party integration
• Xuber component suite integration
• London Market Support
• Common account processing
• Commutation processing
11. International Insurance Suite
Genius is a comprehensive software solution for the Property & Casualty insurance market.
It supports all major lines of business, including specialist and niche lines, handling multiple
classes and complex policies. Across the world of insurance Genius is helping the most
demanding organisations handle a wide range of domestic and international insurance
programmes. With depth of functionality, stability, and continual enhancement, Genius
provides a powerful platform for insurance processing.
12. London Market Administration Suite
Iris (International Reinsurance and Insurance System) is the leading solution for Lloyd’s,
London and international reinsurance underwriters. Iris supports a wide range of
reinsurance and insurance business including marine, non-marine and aviation, together
with facultative and treaty reinsurance either on a proportional or excess of loss basis. Iris’
flexibility of screen design and rules based business processing ensures that the specific
requirements of each class of business are addressed.
13. Ceded Reinsurance Recoveries Suite
Elgar is an excess of loss recoveries and general credit control system, developed to help
you efficiently administer all aspects of outward reinsurance programmes, to speed
recovery and significantly improve your cash flow. Designed to reflect the way you work,
Elgar can be integrated with your existing applications or it can be implemented as a
standalone solution.
14. Broker Administration Suite
Brokasure is a mature solution which supports a strong customer base. Brokasure supports
all current market initiatives including A&S, eAccounts (for London Market Bureau and for
Non Bureau insurers), ePlacing and eEndorsement. Brokers who operate in different
geographical areas benefit from Brokasure’s ability to support multiple “legal entities” which
allows separate Trial Balances to be run for each legal entity whilst processing into the
central ledger. In line with our product strategy, Brokasure takes advantage of the new
Xuber platform by introducing comprehensive global search capabilities over all areas of
risk functionality including quotes, firm orders and claims.