Tia Coinsurance lets you simply and easily manage coinsured policies. Seamlessly integrated with Tia Policy and Claims Manager, Tia Coinsurance delivers a unique overview of the distribution of premium as well as claim costs between coinsurers. In addition to premium and claims costs, the add-on also supports different ways of coinsurance commission calculations. These range all the way from simple flat fee over percentages of coinsured premium to more complex arrangements where direct side commission (acquisition costs) are shared among coinsurers.
Tia Coinsurance allows you to define how premium and claims should be split between Leader and Follower in coinsurance agreements. It is possible to specify a general split on a policy level, or to apply specific split percentages on risk/cover levels for a more tailored coinsurance distribution. And where ‘out of the box’ calculations are insufficient, a custom Coinsurance algorithm can be coded to cater for specific needs.
Tia Coinsurance lets you reliably control potentially complex Coinsurance agreements by handling all calculations of premium- and claims split. The add-on is fully integrated with Tia's Reinsurance add-on, which means that the overall platform also supports scenarios where a policy is shared with fellow coinsurers, and where the own share of premium (net of Coinsurance) is subsequently covered by a Reinsurance programme. This also allows for a more complete view of a policy, where both Coinsurance and Reinsurance are taken into consideration.
1. Automated calculation of premium and claims distribution
2. All aspects of insurance managed from one place
3. Great overview from a single source of data
1. Seamless, robust and safe risk management
2. Full utilisation of Tia as an end-to-end solution
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Business Intelligence
Core Policy
Core Products
Core Claims
Tia Reinsurance
Architecture
Compliance/security
Customisation & integrations
Multi-site, multi-country
Tia Cloud
