Runoffcentre – reinsurance debt trading
An internet-based reinsurance management facility whose main focus is the efficient sale and purchase of reinsurance debt. The facility is aimed primarily at the run-off market, but the services provided are equally applicable to the live market.
Key facilities :
Electronic exchange for reinsurance assets. Reinsurance assets can be advertised and traded. There is an electronic “cyber settlement” facility to automate price negotiation within mutually agreed parameters.
Resources. Database of companies with emphasis on run off (company contact details, identity of claims and commutation managers). A series of template documents and legal agreements (draft standstills, commutation agreements, confidentiality agreements); a secure dialogue room accessible to all nominated users.
Project management facility - organize folders and files to create a collaborative “e-room” framework with which to manage complex projects involving many parties and extensive document exchange.
Project management is designed with collaboration amongst a wide set of parties in mind. Participants may be directly interested as counterparties in the transaction or appointed external advisors. All documents are version controlled, any documentary position can be recovered at any time, with only ever one live version of any document which is locked for editing when checked-out. Full audit trail of the contributors to documents.
www.runoffcentre.com is a subscription service for the sale and purchase of reinsurance debt. Larger companies with a group structure may purchase the software to enhance inter-group project control and reinsurance management
Download
user guide
presentation materials
Relevant links
http://www.runoffcentre.com">www.runoffcentre.com
Call for details or a trial membership.
London: