netREIBS

netREIBS is suite of application software modules designed specifically to address the computerization of the operations of a Reinsurance Brokner.The modules are developed to using the Oracle suite of development tools and the Oracle relational database management system.

Hardware/Network Configuration
The hardware architecture of the application would be:


Database server
The Database server houses the main netREIBS Oracle database which comprises the various data tables and procedures.

Application server
The Application server will contain all user programs namely the input forms, processing and the report programs along with the suite of Oracle Internet Services (Forms & Reports). The Application server will also maintain a link to the Database server which will enable the users to access the data stored on the Database server.

Client PC
Client PCs are standard PCs that will used to access the Application server for daily operation by the users. Such access will be established through a standard internet browser.

• The Database server, Application server and the Client PCs are all connected through a standard network (LAN or WAN)
• Access to the application may also be established through the Internet (with appropriate firewall protection)

Minimum Requirement (Servers, O/S and Database)


netREIBS Modules
Main Modules
The netREIBS application comprises four main operational modules, they are:

Each of the modules operates independently to achieve the functionality of that respective module. They are also further integrated in order to transfer relevant data to other modules as well as to facilitate general application validations.

Operational Sub-Modules
The main modules may then be categorized under the following ‘Oprational Sub-Modules’:


Admin & Reference Module
This module would enable the set-up and maintenance of user administration information and general application reference tables.

Such data elements will then be used across the various operational modules for validation.

Any modifications/additions to this module must be done only after due consultation with all relevant user departments and with due authorization from the DBA.


Treaty Module

The main purpose of this module would be to facilitate the creation, maintenance of Treaty contracts (both proportional and non-proportional). The module will also enable the setting up of the proportional retrocession of these inward treaties as well as establish the non-proportional cover for these respective inward contracts.

It would also enable mid-term endorsements of treaty contracts, monitoring of contract expiry and effect renewal as well as routine documentation review such as PNOC, DNOC, etc.

The ‘Treaty Premium’ sub-module is primarily designed to input, validate and process all technical movement against proportional treaty contracts and M&D, Adjustment premium for non-proportional contracts. The module also caters for customized UPR and Pipeline procedures.

The ‘Treaty Claims’ module’s main function would be to process and monitor large losses for proportional treaties and all claims for non-proportional treaties.


Facultative Module

The main purpose of this module would be to facilitate the creation, maintenance of Inward Facultative Risk contracts (both proportional and non-proportional) together with the proportional and non-proportional cover using the outward contracts. It would also enable endorsements of facultative risks, monitoring of contract expiry and effect renewal.

The ‘Fac. Premium’ sub-module is designed to input, validate and process Premium Closings and(or) Endorsements as and when such transactions take place. The module also caters for customized UPR and Pipeline procedures.

The ‘Facultative Claims’ will allow the input, processing and monitoring of all facultative claims


Outward Treaty Module

This module would be to facilitate the creation, maintenance of Outward Treaty contracts (both proportional and non-proportional) together with a list of reinsurers and brokers.

The ‘Treaty Premium’ sub-module is primarily designed to extract and generate quarterly statements for proportional treaties and M&D Premiums, Adjustment premium for non-proportional contracts.

The ‘Treaty Claims’ module’s main function would be to register, process and monitor claim recoveries from the outward contracts


Outward Facultative Module

The main purpose of this module would be to facilitate the creation, maintenance of Outward Facultative Risk contracts (both proportional and non-proportional) together with a list of reinsurers and brokers. With a link to inward facultative risks where required.

It would also enable the automatic extraction and processing of premiums and claims from the inward facultative module and distribute them against the reinsurers and brokers.


Financial Accounts Module

This module will extract all debtors/creditors balances from the other operational module and enable the offsetting of these balance with receipts and payments from the respective debtors/creditors.

The General Ledger Module will facilitate the setting up of a ‘Chart of accounts’ and record all general ledger transactions and produce detailed accounting ledgers for the entire operation.

* Customized third-party interfaces to/from other Accounting applications (SAP, Oracle-Financials) may also be developed to facilitate transfer to/from the netREIBS modules,

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