GIC Re wants RAS

Reported by: |Updated: September 3, 2016

GIC Re is looking for a re-insurance administration software (RAS) for its Life Re department, which is in the business of foreign and domestic business of life reinsurance. The company wants a comprehensive reinsurance software, which should support business development, actuarial work for pricing and IRDA reporting, treaty management, bordereaux management and reconciliation, underwriting support -facultative and referral cases, claims processing and integration with financial modules of SAP for independent accounting for Life Re business (currently SAP is supporting our Non-Life Business). The selected service provider will also have to ensure that all these functionalities if not in a single system, should be interacting where required and no manual transfer of data should be required between various systems.