Processing
IntegraLynx has a built-in workflow manager to automate data collection and follow-on processing.
A simple drag-and-drop interface allows business users to import data from any file format (including .pdf). Likewise, users can easily create steps to enhance data, and to create extracts for onward systems.
Calculations
Having collected policy-level administration data using our data management layer IntegraLynx calculates Reinsurance Premiums, Commissons & Recoveries.
Calculations cover all treaty types including proportional and non-proportional. Managing original terms and risk premium reinsurance, extensive options for determining retentions including aggregation of risk by specified parameters.
Dealing with multiple product types including Individual Protection, Credit Risk, Single/Joint/Dual business, Unit Linked, Annuities. Determination of reinsurance recovery and expense amounts, both paid and reported.
Outputs
The IntegraLynx drill-down analysis suite allows users to review the data-sets created (including reconciliation to previous data-sets).
Via the built-in report builder (or SSRS integration) business users can create custom reporting templates for bordereau reinsurance reporting for reinsurers, management information reporting for senior internal stakeholders, and financial reporting & accounting extracts for your finance function.
Entity Data Management
Reinsurance administration requires information on a number of entities – Treaties, Products, Policies, Lives Insured, etc.
IntegraLynx allows business users to easily store static data relating to entities, and to define links between related entities.
A single data point may be relevant to multiple entities. IntegraLynx allows users to store data once in a relational data model – a single source of truth removes data inconsistencies and related reconciliations and investigations.
Audit
All static data is audited. Data changes are controlled via user permissions and subject to a four-eyes check.
Users can attach files (such as emails) to changes for an easy audit trail of change instructions.
All system processing is recorded in an extensive event log.
Web-based UI
IntegraLynx is a web-based application. This facilitates deployment on-site, or clients can avail of our cloud-hosted solution.