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The
RSG Accrual System (“ACCRUSYS ©”) was developed at one of the country’s
leading reinsurance companies. Based on RSG’s extensive experience in the
reinsurance and insurance industry and a thorough analysis of the reinsurance
marketplace, a new system design was developed emphasizing a truly online,
interactive environment. Where appropriate, underlying routines from RSG’s
popular reinsurance system were utilized. The final product represents the next
generation in the reinsurance market place. The technical architecture ACCRUSYS
© is based on Microsoft Windows n-tier server architecture;
Microsoft Windows client/server environment. This architecture gives RSG
flexibility in the areas of hardware, technology, reusability and the ability
to interface with other databases
The main windows program menu depicts the overall functional areas in:
o
Reinsurance
- Premium Accrual
- Sliding Scale Adjsutment Accrual
- Profit Commissions Accrual
- Retro Rated Premium Accrual
- Reinstatement Premium Accrual
o
Insurance
- Premium Accrual
- Sliding Scale Adjustment Accrual
- Profit Commission Accrual
o
IBNR Calculation is done on the following
process:
- Sliding Scale Adjustment Accrual
- Reinsurance Profit Commission
- Retro Rated Premium
Last modified: October 25, 2007