Treaty reinsurance is insurance purchased by an insurance company from another insurer. The company that issues the insurance is called the cedent, who passes on all the risks of a specific class of policies to the purchasing company, which is the reinsurer. Treaty reinsurance is one of the three main types of reinsurance contracts. […]
The choice between cloud and edge computing is like day and night
With the financial world changing so quickly these days, the underwriter’s function has changed significantly. Underwriters employ data analytics and modern technology to make better decisions and informed choices instead of being limited to manual procedures and outdated techniques. This development has led to the emergence of the notion of […]
Organizations in a variety of industries are increasingly using enterprise resource planning (ERP) systems to improve decision-making, improve efficiency, and streamline operations in the rapidly shifting business landscape of today. The General Ledger module is an important component of an enterprise resource planning (ERP) system, acting as a basis for […]
The insurance industry is competitive; Insurance companies must find ways to optimize their operations, increase efficiency, and provide excellent customer service. One way to achieve these goals is through custom software development. In this blog post, we will explore the benefits of custom software development for insurance companies. To conclude, […]
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