Contingencies Online - July/August 2009

Reassuring
the Reinsurers

SPECIAL SECTION

TAI keeps Insurers & Reinsurers Connected

TAI Life
Reinsurance Systems

10727 Winterset Drive

Orland Park, IL 60467

PHONE:

708-403-7775

FAX:

708-403-7801

EMAIL:

info@taire.com

WEBSITE:

www.taire.com

CONTACT:

John Carroll, President

through the flow of information!

                 

                                   

 

    

Corporate Overview

With over 90 successful installations, TAI is the insurance industry’s leading provider of life reinsurance reporting solutions. Ongoing development and enhancements keep our systems current as products, arrangements and regulations change. As our client base grows, our mission remains the same—improve the communication between our customers and their trading partners.

       

  

  

  

   

                      

             

Life Reinsurance Systems

System Solutions

TAI MAINFRAME. The System is a reinsurance reporting solution for life, critical illness, long-term care, disability income and annuity products. It features fully-automated processing that facilitates internal analysis as well as external reporting to reinsurers. The System is designed to handle assumed, ceded and retroceded business. It interfaces with one or more policy administration systems for retention management and automated continuation processing. Installation includes automated conversion and validation of existing data, and customized training and consultation.

TAI INTRANET (.NET) This version has the functionality of our mainframe application in a three-tier web environment featuring an SQL database, requiring no special software to access the System from any desktop connected to the server with the appropriate security. As a browser-based system, it features all the tools and page scrolling typical of these types of applications and minimizes navigation. TAI partners with its clients so support is provided from installation to on-going processing and system upgrades. TAI X-PRESS. This stand-alone communication application transmits electronic reinsurance reporting and claims information from insurance companies to reinsurers and reinsurers to retrocession-naires using secure https transfers. The software is a sender package that builds a package of files to be sent to each reinsurer using a combination of jpg, pdf, doc, xls and XML data files. Although individual communications are sent, the software assembles multiple files in one process. It provides life companies one transfer method, logs transmissions, and eliminates postage and transportation costs, alleviating the reinsurers from accessing client-maintained web sites and the security liability of client-specific passwords. TAI X-press is designed to send data quickly and cost effectively.