KIT insurance system has unparralelled support for reinsurance integration.

• Captures and stores details of current and historic treaty programmes across all classes of business
• Automatically places treaty reinsurance and enforces treaty limits
• Assists to enforce treaty specific conditions through risk categorisation and minimum allowable EML / MPL levels
• Can be configured to automatically place automatic facultative arrangements
• Tightly integrates with and follows all underwriting and claims activities
• Provides clear feedback where additional reinsurance is required on under allocations
• Allows additional reinsurance placements with automatic system management
  
  
  • Calculates various RI portions of risks and premiums
  • Calculates provisional and/or final commissions and fees
  • Calculates various RI portions of claims, including estimate movements, payments, recoveries and salvage
  
  
• Supports modelling of re-insurance placements according to a defined target risk
• Supports the full range of reinsurance methods:
  
  
  • Quota Share
  • Surplus
  • Proportional facultative reinsurance
  • Non-proportional facultative reinsurance
  • Fronting arrangements
  • Leading and following co-insurance arrangements
  • Excess of loss programmes
  • Retrocession programmes
  
  
• Produces treaty accounts
• Produces facultative reinsurance bordereaux and slips
• Eliminates risk of insufficient RI cover and alerts to overexposures