With several transacting parties in a co-insurance arrangement, complexity often creeps in where clarity should prevail.
WCL’s Co-insurance solution for enabledAccounting resolves the issues to make co-insurance swifter, less confusing, and altogether more manageable.
Insurers who act as ‘lead’ within a co-insurance arrangement often find the accounting, reconciliation and movement of money between themselves and their ‘follow’ co-insurers to be complex, delayed and difficult to control.
WCL’s Co-insurance solution uses both the Sender and Receiver capabilities of enabledAccounting to support transactional reconciliation and settlement across Co-insurers.
Relevant Technical Account messages can then be reviewed and automatically sent, and the sending co-insurer can manage responses from follow co-insurers.
To further simplify the process, messages for both sender and receiver can be grouped by contract — and a bulk send option is a natural next click.
For further information, please contact one of the WCL team today:
+44 (0)20 3908 3200 | firstname.lastname@example.org
Speak to our team
+44 (0)20 3908 3200 email@example.com