Micarela develops intelligent, efficient, no-nonsense risk solutions. Micarela takes you on a straight path to design, implement and maintain your risk solution when your Reinsurance Company or captive insurer has a need for risk management, loss control, customized reinsurance services or actuarial analytics. It offers a full line of property, casualty and benefit program reinsurance solutions.
ReisysNet is both fast and reliable offering Companies opportunity for growth. The flexibility and scalability of this system makes it ideal for all size Reinsurance Companies.
Our solution integrates its software building blocks using a service-oriented architecture (SOA) level approach to the organization of application programs, in conjunction with middleware, a process/workflow engine, and other related systems services like directory and security. This addresses the needs of the networked enterprise to create, integrate and manage large-scale applications in heterogeneous environments. With the new setup, we see the Benefits as follows:
- Anywhere Access to any approved on the Client’s databases.
- Secure Access to allow for any and all user groups to ensure maximum utilization.
- Searches maximized to available technological standards.
- Systematic capturing and storing of all Client information.
- Integration with the required existing software and data repository.
- User friendly interface to minimize computer literacy.
- Easier Maintenance with the proposed integrated systems.
- Minimization of human intervention in the total business processes at the Client site - which reduces errors.
Micarela designs treaty reinsurance structures that provide balance sheet protection against the potential of unfavorable loss experience and catastrophic events. Micarela treaty reinsurance programs are constructed to comply with regulatory requirements and enhance financial standing with policyholders and rating agencies.
Micarela has design and marketing capabilities with major reinsurers for quota share, surplus share, and excess per risk, catastrophe, clash and finite risk programs. All major property and casualty lines are serviced, as well as specialty lines, including surety, professional liability and workers compensation.
Reinsurance trading relationships are maintained with high-quality reinsurers located in the Europe, Asia and African Regions. Dedicated to client service, the company’s professional staff has vast experience in reinsurance program design and placement, actuarial modeling, reinsurance security reviews, fiduciary accounting, claims and claims auditing, and the preparation and processing of treaty wordings. Micarela’s state-of-the-art systems support tailor-made client services, cost-effective pricing and quick turnaround.
Micarela provides its clients with a full range of facultative placement services in the design, placement and implementation of facultative products. The company maintains ready-access to multiple worldwide facultative markets. Experienced facultative brokers and Underwriters are poised to resolve underwriting questions on a case-by-case basis supplement this process. This unique combination of high-speed electronic processing and experienced personal marketing enables the broadest number of professional reinsurers to rapidly quote and support the program to maximize capacity limits and assure efficient pricing. Through a distinctive binder system, cover notes are issued promptly and accounting is expedited. Micarela utilizes renewal registers to docket facultative expiration dates and advise clients of renewal requests to maintain a continuous quote and bind process for clients.