{"id":16201,"date":"2021-10-06T12:24:38","date_gmt":"2021-10-06T10:24:38","guid":{"rendered":"https:\/\/www.cconsulting.it\/xlayers\/"},"modified":"2024-07-27T18:18:23","modified_gmt":"2024-07-27T16:18:23","slug":"xlayers","status":"publish","type":"page","link":"https:\/\/www.cconsulting.it\/en\/xlayers\/","title":{"rendered":"XLayers"},"content":{"rendered":"

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LEADING REINSURANCE PROCESS MANAGEMENT SOLUTION IN EMEA<\/h2>[\/vc_column][\/vc_row][vc_row][vc_column width=”1\/2″]
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The only system designed to manage the needs of insurance groups and individual ceding companies
\nFunctional completeness, clear rules, minimum processing times, maximum data granularity<\/span><\/h3>\n

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What is XL<\/span>ayers<\/h1>[\/vc_column][\/vc_row][vc_row][vc_column width=”1\/4″]
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Outward & Inward reinsurance<\/p>\n

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Management of obligatory and facultative reinsurance and of Business Partners<\/p>\n

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Non-life and life Insurance policies<\/p>\n

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Ruschlikon
\nInitiative Partner<\/p>\n

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IFRS17 accounting principles<\/p>\n

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Risk profile analysis<\/p>\n

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Undertaking-Specific Parameters (USP)<\/p>\n

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Governance and Compliance<\/p>\n

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Technical cessions and retrocessions<\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″]<\/p>

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Analytics<\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″]<\/p>

\"11\"<\/div>[vc_column_text]Document Management[\/vc_column_text][\/vc_column][vc_column width=”1\/4″]
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Workflow<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/1″]<\/p>

<\/div>[\/vc_column][\/vc_row][vc_row bg_image=”18252″ row_id=”riga_luglio23″][vc_column el_class=”descrizione_1″ width=”1\/1″][vc_column_text el_id=”luglio23_1″]It is the reinsurance software system managing  any Life and Non-Life outward, inward and retrocession obligatory and facultative reinsurance and retrocession agreement<\/a> (QS, Surplus, XoL, SL) working on any basis (AY, OY, UY, RA), capable to automatically calculate any reinsurance clause (f.i.: interlocking clause, loss participation, loss corridor, profit commission, overriding commission,  reinstatements, reinstatement premiums<\/a>, aggregate deductible, index clause, S.I.C.) and to automatically generate technical and financial accounts<\/a>, claim notices, cash claims, bordereaux<\/a>, bulletins, loss history (major losses), statistics, risk profiles, QRT, etc.\n

Moreover, it is complete with document manager and workflow, easily auditable by internal and external auditors, fully compliant with Solvency II<\/a>\/EIOPA regulation and IFRS17<\/p>\n

In short, it is a truly complete and cutting-edge solution, as well as the most advanced of the Ruschlikon Initiative for reinsurance[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section full_width=”stretch_row” css=”.vc_custom_1689243874569{padding-top: 50px !important;padding-bottom: 50px !important;}”][vc_row][vc_column width=”1\/1″][vc_column_text el_id=”luglio23_2″]<\/p>\n

The projects actually carried out show that already at the time of implementation XL<\/span>ayers automatically completes on average 96%<\/span> of the reinsurance calculations<\/a> a new Client requires<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section full_width=”stretch_row” css=”.vc_custom_1657446883337{padding-top: 50px !important;padding-bottom: 50px !important;background-color: #990033 !important;}”][vc_row text_color=”custom” custom_text_color=”#ffffff”][vc_column width=”1\/1″][vc_column_text el_class=”justify”]An ecosystem that enables end-to-end management of all inward and outward reinsurance processes as well as managing every aspect of cessions and retrocessions, from technical to administrative and reporting. Designed for Insurance companies and Groups, it is multi-currency and manages proportional and non-proportional, obligatory and facultative reinsurance.<\/p>\n

It allows Clients to set reinsurance rules for homogeneous risk groups and automatically aggregates information from the technical account<\/a> of treaties and facultative reinsurance, even when coming from external sources (e.g. MS Excel). Equipped with a sophisticated analytic tool to filter and extract granular information.<\/p>\n

Simple, intuitive, fully integrated and consolidated with the Client’s systems, easily fed with data from policy administration systems at the level of detail required by or needed by the Client.<\/p>\n

More than 60 successful installations in Insurance companies and Groups operating in the EMEA market and C Consulting’s 20 years of experience in system implementation and Client dedication testify to its effectiveness and wide functional coverage.[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_row][vc_column][vc_column_text]<\/p>\n

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The main modules of XL<\/span>ayers<\/h1>
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XL<\/span>ayers®<\/sup><\/h3>\n

It is the most comprehensive and widely used reinsurance and retrocession management solution on the EMEA market today. It certifies the entire process, fully adhering to all aspects of Compliance<\/p><\/div>[\/vc_column][vc_column width=”1\/4″]

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XI<\/span>nward®<\/sup><\/h3>\n

It is the complete solution for the certified management of inward reinsurance. Its high degree of operational flexibility allows it to respond effectively to the needs of each Client<\/p><\/div>[\/vc_column][vc_column width=”1\/4″]

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XL<\/span>ife®<\/sup><\/h3>\n

Automatically calculates the reinsurance premium agreed with the reinsurer, i.e. applies any Life and\/or Non-Life reinsurance rate<\/p><\/div>[\/vc_column][vc_column width=”1\/4″]

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XLR-ASIF®<\/sup><\/span><\/span><\/h3>\n

It constructs the triangular statistic as if the current obligatory reinsurance had been in force for at least the past 5 years, while applying the facultative reinsurance agreed at that time. It provides key support for supervisory body approval of USP<\/p><\/div>[\/vc_column][\/vc_row][vc_row top_padding=”100″ bg_position=”left top”][vc_column width=”1\/1″]

XL<\/span>ayers accessory modules<\/h1>
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XP<\/span>rofile®<\/sup><\/h3>\n

Utilised for optimising reinsurance, assessing company exposure and preparing risk profiles for reinsurers<\/p><\/div>[\/vc_column][vc_column width=”1\/3″]

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X2<\/span>DB®<\/sup><\/h3>\n

Specific and dedicated database for saving any statistical extraction. Particularly useful for information that has to be processed by external systems and large databases<\/p><\/div>[\/vc_column][vc_column width=”1\/3″]

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XA<\/span>ccount®<\/sup><\/h3>\n

It is a CLOUD solution for using the XL<\/span>ayers accounting module without having to integrate it into Client systems. It is fed with information relating to master data, reinsurance agreements and account balances<\/p><\/div>[\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″]

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XD<\/span>ocs®<\/sup><\/h3>\n

Integrated document system to manage documents received from business partners, those issued by the system (even before module activation) and any documents prepared with other systems in a single archive<\/p><\/div>[\/vc_column][vc_column width=”1\/3″]

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XF<\/span>low®<\/sup><\/h3>\n

Integrated Business Process Management system. Guarantees optimisation, organisation and control of activities according to tracked process logic<\/p><\/div>[\/vc_column][vc_column width=”1\/3″]

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XE<\/span>iopa®<\/sup><\/h3>\n

Automatically extracts reinsurance-specific QRTs as required by Pillar 3 of the Solvency II<\/a> Directive<\/p><\/div>[\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1633697943722{padding-top: 80px !important;padding-bottom: 40px !important;}”][vc_row bottom_padding=”20″][vc_column width=”1\/1″]

XL<\/span>ayers signifies a paradigm shift<\/h1>

from the limits of aggregate data to granularity<\/h3>[\/vc_column][\/vc_row][vc_row][vc_column column_padding=”custom-padding” column_center=”true” width=”1\/2″]
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<\/div>[vc_column_text]Allows reinsurance to be attributed to any technical item (product, line of business, risk, guarantee, etc.).\n

With very short processing times, it simplifies reinsurance management aspects and drastically reduces the chances of error.<\/p>\n

Clients can spend more time studying and negotiating optimised reinsurance without wasting time on exhausting complex data checks. They can count on a reliable support for new accounting issues, e.g. IFSR17.<\/p>\n

A structured and flexible operating model.[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1633700469231{padding-top: 80px !important;padding-bottom: 40px !important;}”][vc_row][vc_column width=”1\/1″]<\/p>

XL<\/span>ayers strengths<\/h1>[\/vc_column][\/vc_row][vc_row top_padding=”30″ class=”puntiForza”][vc_column el_class=”box chiaro” width=”1\/2″]
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Complete<\/h3>

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