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Freedom Reinsurance System (FRS)

FRS is designed to improve accuracy in premium calculations and to ensure that the primary carrier receives its proper recoverables. At intervals selected by the user, the system creates premium and claims cessions using the contents of contract master files, and the company’s premium and claims files.

Both facultative and treaty cessions are calculated, including quota share, excess, catastrophe excess and aggregate excess of loss. Premiums can be ceded on either a written or earned basis, and the system will handle both fixed and sliding commissions. The system allows for maximum flexibility in applying both facultative and treaty cessions, as the user can create any criteria necessary for cessions easily when the contract records are built.

Other Applications

The following applications are designed to work hand-in-hand with Reinsurance Administration:

"Reinsurance Administration" is part of the StoneRiver Insurance/ Financial Solutions line of products, developed by StoneRiver.