Page 147 - Reinsurance Management IC85

Reinsurance Management

iv) Most significant developments have
occurred in terms for web based portals,
online reinsurance exchanges and
electronic data interchange (EDI).

Once the business is finalized, electronic
records are generated from information input
made only once and which instantaneously
pops up in technical, accounts and statistical
departments. This can also minimize
duplication and errors that can occur in
process of duplication.

v) This revolution creates real time connectivity
with customers and solutions are driven.

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