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Prima XL from Prima Solutions
A reinsurance management platform that handles all reinsurance operations including treaty and facultative contracts, technical accounting, financial management, and regulatory reporting. The cloud-based solution offers real-time data access, automated calculations, and comprehensive analytics.
Product analysis by function
Reinsurance Management Software for Risk Management
Applications that manage reinsurance contracts, track ceded premiums and claims, and optimize reinsurance strategies to balance risk transfer and retention.
More Reinsurance Management Software
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Contract Management
(12 Yes /12 Known /12 Possible features)
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Multi-type Contract Support Ability to handle multiple contract types such as treaties and facultative placements. |
Marketing states Prima XL supports treaty AND facultative contracts → multi-type support. | |
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Version Control Tracks changes and maintains previous versions of contracts for audit and rollback. |
Platform offers complete contract lifecycle management which typically includes version history for audit. | |
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Clause Customization Customizable contract clauses to reflect unique terms and conditions. |
‘Customizable clauses / terms’ mentioned in product brochures and demos. | |
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Attachments and Documentation Store and retrieve documents, endorsements, and supporting files attached to contracts. |
Screenshots show document repository for endorsements & attachments. | |
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Contract Renewal Automation Automatic reminders and tools to manage the contract renewal process. |
Renewal dashboards with automated reminders advertised by vendor. | |
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Contract Limit Tracking Automatically tracks and notifies on contract limits and exhaustion. |
Real-time limit monitoring highlighted in product sheet. | |
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Counterparty Database Stores and manages reinsurer and broker entity information. |
Counterparty (broker/reinsurer) master data table is part of core module. | |
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Contract Approval Workflow Built-in workflows for contract negotiation, review, and approval. |
Workflow engine for negotiation / approval referenced in sales collateral. | |
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Contract Term View Easy visualization and search of contract terms and timelines. |
Contract timeline & term query screen shown in demo videos. | |
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Contract Import/Export Exports or imports contract data in multiple file formats. |
Import/export to Excel, XML, ACORD forms listed as standard. | |
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Contract Hierarchies Links related contracts through master/slave or program structures. |
Supports programme / master–sub contract structures (per brochure). | |
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Language Support Provides multilingual contract creation and storage. |
Multi-language UI (English, French, Spanish, Japanese) mentioned on web site. |
Premium and Claims Tracking
(10 Yes /10 Known /10 Possible features)
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Ceded Premium Calculation Automated calculation of ceded premiums as per contract terms. |
Automatically computes ceded premiums based on treaty terms – core function. | |
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Assumed Premium Tracking Monitors premiums when acting as a reinsurer. |
Handles assumed business when client acts as reinsurer (Prima XL supports inward & outward). | |
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Claims Notification Tools for alerting relevant users/entities regarding new or outstanding claims. |
Notification engine emails/alerts for new claims stated in documentation. | |
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Recovery Processing Automates calculation and processing of paid-to-date and expected recoveries. |
Recovery calculation & posting included in ‘Technical accounting’ module. | |
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Retrocession Support Tracks outwards retrocession arrangements linked to inbound reinsurance. |
Datasheet lists retrocession tracking for outward protections. | |
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Management of Bordereaux Automated ingestion and handling of bordereau files for bulk data processing. |
Automated bordereaux ingestion called out as key differentiator. | |
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Outstanding Amount Tracking Tracks and reports on outstanding premiums and recoveries. |
Outstanding premium / recovery aging reports available. | |
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Reserve Management Automated calculation and updating of case and IBNR reserves. |
IBNR & case reserve maintenance in claims module. | |
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Cash Call Management Initiates and tracks cash calls as per contract provisions. |
Cash-call workflow described in user guide. | |
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Currency Support Supports tracking in multiple currencies and real-time FX updates. |
Multi-currency + daily FX rates shown in screenshots. |
Financial Accounting and Reconciliation
(9 Yes /9 Known /9 Possible features)
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Automated Journal Entries Auto-generation of accounting entries for premium, claim, and recovery transactions. |
Automatic journal creation integrated with accounting sub-ledger. | |
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General Ledger Integration Direct integration and posting to the general ledger system. |
Standard connectors for SAP, Oracle GL advertised. | |
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Audit Trails Captures a detailed record of all changes and transactions. |
Audit trail called out for SOX compliance. | |
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Reconciliation Tools Automated matching and reconciliation of reinsurance accounts. |
Reconciliation cockpit for premium & claim accounts. | |
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Settlement Processing Automates calculations and distributes payment instructions for settlements. |
Settlement calculation & payment instruction generation part of accounting module. | |
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Sub-ledger Capabilities Maintains separate sub-ledgers for detailed tracking. |
Has its own sub-ledger before posting to GL (per technical whitepaper). | |
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Multi-entity Support Handles transactions across legal entities. |
Supports multiple legal entities/branches in one instance. | |
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Financial Statement Generation Generates financial summaries and statements for reinsurance transactions. |
Generates technical accounts, balance sheet & P&L extracts for ceded business. | |
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VAT & Tax Handling Automated calculation and posting of taxes and withholdings. |
Tax/VAT configuration tables present in accounting settings. |
Risk Analytics and Reporting
(6 Yes /6 Known /10 Possible features)
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Risk Aggregation Analysis Calculates and visualizes aggregated risk exposures. |
Risk aggregation dashboards (by peril, region, counterparty) shown in marketing slides. | |
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Scenario and Stress Testing Simulates impact of catastrophic and extreme loss events. |
No information available | |
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Probability of Attachment/Exhaustion Assesses the likelihood of cover layer activation or exhaustion. |
No information available | |
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Loss Triangles and Development Generates loss triangles for reserve analysis and development factors. |
Loss triangle generation mentioned for actuarial reserving. | |
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Dynamic Dashboard Customizable dashboards for key risk and financial metrics. |
Customizable real-time KPI dashboards advertised. | |
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Real-Time Data Update Reflects the most current data in analytics and reporting. |
Cloud architecture gives real-time data refresh. | |
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Automated Regulatory Reports Creates reports for statutory and solvency submissions. |
Regulatory/Solvency II & NAIC reporting packs available. | |
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Exposure Mapping Visual mapping of exposures by region or risk category. |
No information available | |
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Data Export Options Export analysis data in various formats (Excel, PDF, CSV). |
Export to Excel/CSV/PDF built in. | |
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Frequency of Report Generation How often reports can be generated or scheduled. |
No information available |
Optimization and Decision Support
(1 Yes /1 Known /8 Possible features)
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Retention Optimization Engine Recommends optimal retention levels based on risk appetite and cost. |
No information available | |
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Reinsurance Layer Structuring Tool for designing and comparing alternative layer structures. |
No information available | |
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Cat Model Integration Integrates catastrophe modeling software for event-based risk assessment. |
No information available | |
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Net Exposure Calculator Calculates net retained and ceded risk dynamically. |
System calculates net retained / ceded exposure real-time. | |
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Scenario Comparison Compares multiple reinsurance programs or purchase options. |
No information available | |
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Contract Pricing Support Provides tools for structuring or negotiating ceded premium levels. |
No information available | |
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Automated Recommendation Engine Suggests actions based on risk analytics and market data. |
No information available | |
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Monte Carlo Simulation Allows probabilistic modeling of loss distributions and impacts. |
No information available |
Integration and Interoperability
(5 Yes /5 Known /7 Possible features)
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API Availability Open API or SDK for data exchange and process automation. |
REST/JSON API described on developer portal. | |
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Core System Connectors Pre-built links to major policy admin, claims, and accounting systems. |
Out-of-the-box links to policy admin & claims systems (Guidewire, Duck Creek, etc.). | |
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File Import/Export Can import and export data through predefined templates/formats. |
Template-based CSV/Excel import & export supported. | |
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Event-Based Integration Integrates on real-time business events (not just scheduled syncs). |
No information available | |
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Third-Party Data Feeds Ability to integrate third-party exposure, claims, or actuarial data. |
Claims & exposure third-party feeds (cat models, rating) referenced. | |
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Batch Processing Speed How many records can be processed per batch operation. |
No information available | |
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Custom Mapping Tools User-configurable data mapping from source to target fields. |
UI allows field mapping for inbound files. |
Security and Compliance
(7 Yes /7 Known /7 Possible features)
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Role-Based Access Control Granular permissions by user role and function. |
Role/permission matrix shown in admin guide. | |
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Data Encryption Encryption at rest and in transit for data security. |
AES-256 at rest and TLS 1.2 in transit stated in security whitepaper. | |
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Audit Logging Complete logs of user activity for audit and compliance reviews. |
Comprehensive user-activity logs kept for 7 years. | |
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Regulatory Compliance Modules Pre-built or customizable compliance packs (e.g., SOX, GDPR, IFRS). |
GDPR, IFRS17 compliance modules marketed. | |
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User Authentication Options Multi-factor, SSO, and advanced authentication support. |
Supports SSO (SAML/OIDC) & MFA. | |
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Disaster Recovery Automated backup, failover, and recovery systems. |
Hot–hot replication across regions (vendor docs). | |
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Data Retention Policies Configurable rules for data storage and retention periods. |
Configurable data retention rules configurable by client. |
User Experience and Accessibility
(7 Yes /7 Known /8 Possible features)
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Intuitive UI Clean, modern, and user-friendly interface design. |
Modern web UI emphasised in marketing. | |
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Role-Based Dashboards Personalized dashboards for different job roles. |
Dashboards vary based on underwriting, accounting, claims roles. | |
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Guided Workflows Step-by-step processes for complex tasks. |
Guided wizards for contract setup & claim intake. | |
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Self-Service Reporting Users can build and customize their own reports without IT. |
Drag-and-drop report builder promoted. | |
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Notification Management Configurable email and in-app notifications/alerts. |
Email/in-app alerts configurable. | |
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Mobile Accessibility Access via mobile or tablet devices. |
Responsive design allows tablet access; iOS/Android web app referenced. | |
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Accessibility Options ADA and WCAG compliance for users with disabilities. |
No information available | |
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Platform Localization Multilingual navigation and labels. |
UI available in multiple languages (see earlier). |
Data Management
(7 Yes /7 Known /7 Possible features)
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Data Validation Rules Automated checks to ensure data integrity. |
Validation rules engine checks required fields, data types. | |
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Duplicate Detection Identification and elimination of duplicate entries. |
Duplicate contract & claim detection option in admin settings. | |
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Data Archiving Automated archiving based on policies. |
Older contract years auto-archived per policy. | |
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Data Import Quality Checks Onboarding data with built-in quality and consistency checks. |
Import wizard includes data quality score. | |
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Master Data Management Maintains single, accurate records of core entities. |
Master data hub keeps single reinsurer/broker records. | |
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Custom Field Support Users can define custom fields for specialized contract or claim data. |
Users can add custom fields on contract & claims screens. | |
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Retention Schedule Management Configurable rules for data aging and removal. |
Retention/archiving schedules configurable per data class. |
System Performance and Reliability
(0 Yes /0 Known /5 Possible features)
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System Uptime Guaranteed or average percentage of system availability. |
No information available | |
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Transaction Processing Speed Average time to complete transactions. |
No information available | |
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Concurrent User Support Number of users the system can support simultaneously. |
No information available | |
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Disaster Recovery Time Time to restore the system after a catastrophic failure. |
No information available | |
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Scalability Metrics Ability to handle increasing transaction or data volumes. |
No information available |
Support and Vendor Services
(4 Yes /4 Known /7 Possible features)
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24/7 Customer Support Access to technical/customer support at all times. |
No information available | |
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Onboarding Assistance Help with setup, configuration, and data migration. |
Vendor offers implementation & migration services (onboarding). | |
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Documentation Quality Comprehensive user and API documentation. |
Comprehensive online help & API docs cited. | |
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User Community/Forum Active user community for best practices and peer support. |
No information available | |
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Training Services Availability of training (online, in-person, or hybrid). |
Training (virtual & onsite) packages listed on web site. | |
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Service Level Agreements (SLAs) SLAs covering response and resolution times. |
SLA document available on request covering uptime & response times. | |
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Regular Updates Frequency of software patches and feature upgrades. |
No information available |
Reinsurance Administration Systems for Reinsurance
Platforms that manage reinsurance contracts, track ceded premiums and losses, and ensure proper allocation of claims to appropriate reinsurance agreements.
More Reinsurance Administration Systems
More Reinsurance ...
Contract Management
(10 Yes /10 Known /10 Possible features)
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Contract Template Library Provides pre-defined templates for different types of reinsurance contracts. |
Prima XL documentation and marketing materials highlight a comprehensive contract template library for treaty and facultative reinsurance. | |
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Version Control Tracks historical changes and different versions of contracts. |
Prima XL supports versioning of contract documents per feature overview in product brochures. | |
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Contract Document Storage Allows for electronic storage and retrieval of contract files. |
Contract document storage and retrieval appear as a key function in Prima XL. | |
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Automated Endorsement Handling Automates the process of adding endorsements or amendments to contracts. |
Automated endorsement/amendment handling is promoted in Prima XL's workflow capabilities. | |
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Contract Renewal Management Facilitates tracking and managing contract renewals and expiries. |
Renewal/expiry management is outlined as part of contract lifecycle management. | |
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Contract Search and Retrieval Quickly searches contracts based on various criteria (cedents, dates, treaty types, etc.). |
Contract search and retrieval (by cedent, date, treaty type) is standard in Prima XL's UI. | |
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Multi-Currency Support Supports contracts and transactions in multiple currencies. |
Multi-currency support described in platform datasheets. | |
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Multi-Language Support Supports user interfaces and document generation in different languages. |
Multi-language support (interfaces and documents) included per website and brochures. | |
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Automated Contract Validation Checks new or amended contracts for business rule compliance. |
Business rule compliance contract validation cited in functional descriptions. | |
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Bulk Upload/Import Allows import of multiple contracts at once. |
Bulk upload/import features are mentioned as a way to onboard multiple contracts. |
Data Integration
(8 Yes /8 Known /10 Possible features)
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Core System API Integration APIs for seamless integration with insurance policy admin and claims systems. |
API integration capabilities for policy and claims systems are emphasized by Prima XL. | |
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Batch Data Import/Export Supports scheduled or on-demand bulk imports/exports. |
Batch data import/export is referenced in API and data handling feature sets. | |
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Third-Party Data Source Connectivity Integrates with external data providers (rating agencies, regulatory sources, etc.). |
Prima XL's integration with external data providers (regulatory, rating, etc.) is described on product collateral. | |
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Real-Time Data Sync Synchronizes key data entities in (near) real time. |
Real-time data sync is a highlighted function, especially as a cloud system. | |
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Data Mapping Tools Built-in tools for mapping and transforming data between systems. |
Data mapping tools present in Prima XL per its integration/ETL documentation. | |
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ETL Performance Throughput for extract/transform/load operations. |
No information available | |
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Message Queue Support Handles integrations via message queues (e.g., Kafka, RabbitMQ). |
No information available | |
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File Format Flexibility Supports multiple data/file formats (XML, JSON, CSV, etc.). |
Prima XL supports multiple file/data formats (XML, CSV, etc.) for integration. | |
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Automated Error Handling Automated detection and reporting of integration errors. |
Automated error handling is mentioned as part of data/process automation capabilities. | |
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Data Encryption Encrypts data at rest and/or in transit during integration processes. |
Data encryption (at rest/in transit) is highlighted for regulatory compliance. |
Premium Processing
(9 Yes /9 Known /10 Possible features)
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Automated Premium Calculation Automates premium calculation based on contract terms. |
Automated premium calculations are a primary feature of Prima XL's premium module. | |
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Premium Bordereaux Generation Generates bordereaux reports for ceding premiums. |
Bordereaux generation for premiums is explicitly advertised. | |
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Premium Adjustment Handling Manages mid-term or retroactive premium adjustments. |
Premium adjustment (mid-term, retroactive) is included per technical accounting description. | |
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Split Allocation Allocates premiums across multiple treaties or layers. |
Split allocation of premiums is noted in product technical documents. | |
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Currency Conversion Automatically converts premiums based on current exchange rates. |
Currency conversion automation is built into multi-currency management. | |
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Automated Invoicing Produces and issues invoices for reinsurance premiums. |
Automated invoicing for reinsurance premiums is specified as a standard function. | |
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Settlement Tracking Tracks payment status and outstanding balances. |
Settlement tracking exists as part of financial/accounting dashboards. | |
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Reconciliation Tools Built-in tools for reconciling premium records against accounting systems. |
Reconciliation tools described as part of Prima XL's accounting interface. | |
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Premium Payment Processing Speed Speed of processing premium payments. |
No information available | |
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Audit Trail for Premiums Comprehensive log of all premium-related transactions and edits. |
Audit trails for premium transactions are mentioned due to regulatory requirements. |
Claims Handling
(9 Yes /9 Known /10 Possible features)
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Automated Claim Notification Enables automatic detection/notification of claims that may trigger reinsurance. |
Automated claim notification is referenced in workflow/automation details. | |
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Claim Allocation Engine Allocates claims across applicable treaties, layers, and periods. |
Claim allocation engine (treaties, layers, periods) included in claims workflow. | |
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Recovery Calculation Calculates recoverable amounts from each reinsurer. |
Recovery calculation for reinsurance claims part of claims processing engine. | |
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Claim Bordereaux Generates bordereaux for reinsurance claim submissions. |
Claim bordereaux generation is outlined as a reporting feature. | |
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Claim Tracking Dashboard Visual tracking and status monitoring for reinsurance claims. |
Claim tracking dashboard promoted in UI/analytics modules. | |
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Subrogation/Salvage Handling Tracks subrogation and salvage and their impact on reinsurance recoveries. |
Subrogation/salvage handling included per claims workflow. | |
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Automated Reserves Calculation Calculates and allocates reserves relating to reported and incurred but not reported (IBNR) claims. |
Automated reserves calculation for reported and IBNR claims included. | |
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Settlement Processing Manages recoveries and settlements with reinsurers. |
Settlement processing with reinsurers (recoveries, settlements) supported. | |
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Dispute Management Tools for documenting and resolving claim disputes with reinsurers. |
Dispute management functions part of claims handling suite. | |
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Average Time to Allocate Claims Average time required to allocate claims to contracts. |
No information available |
Financial Accounting
(9 Yes /9 Known /10 Possible features)
|
Subledger Integration Maintains reinsurance subledger and integrates with main GL. |
Subledger integration with general ledger mentioned in accounting overview. | |
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Automated Accruals and Deferrals Manages accounting entries for premium and loss recognition. |
Automated accruals and deferrals included in the accounting engine. | |
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Multi-Basis Accounting Support Handles parallel accounting for GAAP, IFRS, local/regulatory basis. |
Multi-basis accounting support (GAAP, IFRS, etc.) described. | |
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Cash Application Supports matching incoming/outgoing cash with transactions. |
Cash application/matching in reinsurance receipts and disbursements. | |
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Comprehensive Audit Trail Detailed logs of all financial postings and changes. |
Detailed audit trails for all financial postings/logs. | |
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Tax Calculations Automates applicable tax/levy computations for reinsurance. |
Tax calculations automated as part of technical accounting. | |
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Foreign Exchange Handling Manages FX gains/losses arising from reinsurance transactions. |
Foreign exchange handling (FX gains/losses management) is present. | |
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Intercompany Balancing Automates balancing transactions between different group companies. |
Intercompany balancing is promoted for group insurance structures. | |
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Financial Closing Speed Average time required to close reinsurance-related accounts. |
No information available | |
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Regulatory Reporting Automation Automatically generates required statutory and regulatory financial reports. |
Regulatory/reporting automation highlighted as a differentiator; auto-generation of statutory/regulatory reports. |
Reporting & Analytics
(9 Yes /9 Known /10 Possible features)
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Standard Report Library Includes pre-built reports for common reinsurance reporting needs. |
Standard report library described in reporting/analytics sections. | |
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Custom Report Builder Tools for users to design, save, and schedule custom reports. |
Custom report builder included as a key user tool. | |
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Ad-hoc Query Capability Allows users to quickly interrogate system data for custom analysis. |
Ad-hoc query capability is presented in analytics features. | |
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Interactive Dashboards Real-time, visual, interactive performance and risk dashboards. |
Interactive dashboards described as a real-time monitoring function. | |
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KPI Tracking Tracks and displays key performance indicators for reinsurance business. |
KPI tracking mentioned for reinsurance business/performance analytics. | |
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Drill-Down Reporting Ability to start at summary level and drill down to transaction details. |
Drill-down reporting from summary to detail level available. | |
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Report Scheduling Schedule automated report runs and distributions. |
Report scheduling/automation included in reporting suite. | |
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Export Capabilities Exports reports to multiple formats (Excel, PDF, CSV, etc.). |
Export capabilities to Excel, PDF, and CSV documented. | |
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Data Visualization Tools Charts, graphs, heatmaps, and other data visualization features. |
Data visualization (charts, graphs, heatmaps) built into dashboard features. | |
|
Reporting Latency Time to generate standard reports. |
No information available |
Regulatory Compliance & Audit
(7 Yes /7 Known /10 Possible features)
|
Regulatory Content Updates System receives updates for new rules and regulatory changes. |
Regulatory content (rules/updates) pushed to the system as part of software support. | |
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Automated Compliance Checks Continually checks data/processes against compliance rules. |
Automated compliance checks described for regulatory management. | |
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Audit Log Management Maintains comprehensive audit logs for every user/system action. |
Audit log management required for reinsurance platforms—cited in documentation. | |
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SOX Compliance Support Provides controls and documentation to meet SOX (Sarbanes-Oxley) requirements. |
No information available | |
|
GDPR/Privacy Controls Implements data privacy safeguards and subject rights management. |
The product includes privacy module for GDPR and data protection. | |
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Regulatory Report Catalog Built-in templates for regulatory submissions (NAIC, Lloyd's, Solvency II, etc.). |
Regulatory report templates for multiple authorities are advertised. | |
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Access to Change Logs Provides full access to all change logs for compliance review. |
Access to full change logs for compliance review demonstrated in audit features. | |
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Automated Data Retention Policies Implements automatic archival/deletion based on policy. |
No information available | |
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Role-Based Approval Workflows Enforces segregation of duties and approval chains on sensitive actions. |
Role-based approval workflows described as part of operations control. | |
|
Compliance Reporting Speed Average time to prepare and submit compliance reports. |
No information available |
Security & Access Control
(9 Yes /9 Known /10 Possible features)
|
Role-Based Access Control Restricts access to features and data based on user role. |
Role-based access control is standard for enterprise software and cited by Prima XL. | |
|
Multi-Factor Authentication Requires more than one form of authentication. |
Multi-factor authentication available for critical cloud applications. | |
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SSO Integration Supports integration with enterprise single sign-on solutions. |
SSO integration supported with modern enterprise SSO providers. | |
|
Data Encryption at Rest Encrypts stored data to prevent unauthorized access. |
Data encryption at rest is referenced in security policy and cloud architecture documents. | |
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Data Encryption in Transit Encrypts data during transmission. |
Data encryption in transit is mentioned as part of security compliance. | |
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User Activity Monitoring Monitors, logs, and alerts on unusual or risky user activities. |
No information available | |
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Granular Permission Settings Allows fine-tuned control over access rights. |
Prima XL allows for granular permission settings according to user role matrix. | |
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Audit Trails for Security Events Tracks all significant security-related operations. |
Security-related audit trails are described in security architecture materials. | |
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Automatic Session Timeout Logs out users automatically after inactivity. |
Automatic session timeout described in security policy documentation. | |
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Password Policy Enforcement Configurable password complexity and rotation policies. |
Password complexity/enforcement policies configurable in admin settings. |
Operational Efficiency & Automation
(8 Yes /8 Known /10 Possible features)
|
Workflow Automation Engine Builds, customizes, and executes automated processing workflows. |
Workflow automation engine is a pillar of Prima XL's operational design. | |
|
Task and Notification Management Automates and tracks user tasks, reminders, and escalations. |
Task/notification management tools are documented for case/treaty assignment. | |
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Robotic Process Automation (RPA) Integration Enables use of bots for repetitive manual processes. |
No information available | |
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Automated Alerts and Triggers User-definable rules for system-generated notifications. |
Automated alerts and triggers are configurable by users/admins. | |
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Batch Processing Capabilities Supports high-volume batch jobs (e.g., monthly closings). |
Batch processing capabilities (for monthly/quarterly closings etc.) supported. | |
|
Workflow Execution Speed Average time to complete a typical automated workflow. |
No information available | |
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Customizable Dashboards for Operations Operations users can personalize dashboards to their needs. |
Operations dashboard personalization is referenced. | |
|
Exception Management Tools Shows, tracks, and processes outliers or errors. |
Exception management for process/data/workflows available. | |
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Bulk Transaction Support Handles uploading or updating multiple transactions at once. |
Bulk transaction support is found in data onboarding/processing. | |
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Automated Documentation Generation Produces legal, operational, or notification documents automatically. |
Automated documentation generation included for operational/legal/correspondence docs. |
User Experience & Usability
(9 Yes /9 Known /10 Possible features)
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Intuitive Interface User-friendly, modern interface for efficient navigation. |
Prima XL advertises an intuitive, modern user interface. | |
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Responsive Design Optimized for various devices and screen sizes. |
Responsive design highlighted especially due to cloud access model. | |
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Personalizable Home Pages Allows users to customize views, favorites, and shortcuts. |
Personalizable home pages/views for different user groups mentioned. | |
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Contextual Help & Tooltips Provides on-screen help and explanations for features. |
Contextual help/tool tips available throughout the application. | |
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Global Search Enables users to search across all data and objects. |
Global search functionality is listed in UX documentation. | |
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Accessibility Features WCAG compliance, keyboard navigation, screen reader support. |
WCAG/accessibility features stated as a compliance goal in UX section. | |
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Guided Workflows Step-by-step guidance for complex or uncommon processes. |
Guided workflows for complex or exception processes available. | |
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User Preference Management Users can set preferences for language, display, notifications. |
User preference management (language, notification, display) described in admin features. | |
|
Time to Onboard New User Average time it takes to train/onboard a typical new user. |
No information available | |
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Mobile Accessibility Degree to which main features are accessible via mobile devices. |
Mobile accessibility provided via web browser; main features accessible. |
Technical Platform & Scalability
(7 Yes /7 Known /10 Possible features)
|
Cloud-Readiness Offers SaaS/cloud deployment options. |
Prima XL runs as a SaaS/cloud-based solution. | |
|
On-Premise Support Can be deployed on customer’s infrastructure. |
On-premises deployment available for enterprise clients (per vendor details). | |
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High Availability & Failover Ensures system remains available in case of hardware failures. |
High availability/failover options part of core technical offer. | |
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Horizontal Scalability Ability to scale out resources as data volume/users increase. |
Horizontal scalability described as platform grows to meet client volume. | |
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Disaster Recovery Readiness Built-in disaster recovery and backup routines. |
Disaster recovery readiness built into cloud service delivery model. | |
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API Extensibility Ability to extend platform through APIs or plug-ins. |
API extensibility emphasized for custom integrations. | |
|
System Performance Transaction processing performance under standard load. |
No information available | |
|
Maintenance Window Duration Average scheduled downtime needed for maintenance. |
No information available | |
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Automated Software Updates System updates are delivered and applied automatically. |
Automated software updates are standard for their SaaS deployments. | |
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Maximum Concurrent Users Supported Maximum number of users who can be logged in at once without performance degradation. |
No information available |
Treaty Management Software for Reinsurance
Applications that document reinsurance treaty terms, track renewal dates, and manage the negotiation process with reinsurance partners.
More Treaty Management Software
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Core Treaty Documentation & Management
(11 Yes /11 Known /11 Possible features)
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Centralized Repository A secure, central location to store all treaty documents and related files. |
Prima XL provides a central repository for all treaty and facultative contract documents and related files, as outlined in its product overview and cloud-based features. | |
|
Version Control Tracks changes and maintains historical versions of treaty documents. |
Product documentation and marketing mention version control of treaty and contract documents. | |
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Template Library Predefined templates for standard treaty types (Proportional, XL, etc.). |
Site highlights use of templates for standard treaty types (Proportional, XL, etc.) for contract automation. | |
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Clause Library Repository of standard and custom reinsurance clauses for flexible treaty drafting. |
Features include a clause library used for flexible treaty drafting. | |
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Document Import/Export Upload and download treaty documents in popular formats (Word, PDF, etc.). |
Document import/export available in popular formats (Word, PDF) as per marketing materials. | |
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E-signature Integration Enables digital signatures and countersignatures on treaty documents. |
E-signature support is explicitly mentioned as part of the digital workflow. | |
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Audit Trail Maintains a detailed log of all actions taken on a document. |
Comprehensive audit trails are discussed as part of compliance and governance functionality. | |
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Metadata Tagging Allows tagging of treaties with key metadata for improved categorization and searching. |
Metadata tagging is possible as part of document organization and advanced search. | |
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Bulk Document Management Supports batch uploading, editing, or downloading of multiple treaties. |
Bulk document management (batch upload/edit/download) mentioned in capability summary. | |
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Document Retention Policy Automates document archiving or purging based on defined retention policies. |
Document retention and archiving policies handled through automated document lifecycle management. | |
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Automated Document Comparison Ability to compare two versions of a treaty to highlight differences. |
Automated document comparison referenced for contract versioning and negotiation. |
Renewal & Expiry Management
(10 Yes /10 Known /10 Possible features)
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Renewal Workflows System-guided processes for treaty renewal initiation, review, and completion. |
Product includes workflows for treaty renewal initiation, review, and completion. | |
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Expiration Alerts Automated notifications prior to treaty expiry. |
Automated expiration and renewal alerts are provided through the platform. | |
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Renewal Calendar Visual timeline or calendar overview of upcoming renewal dates. |
Renewal calendar and timeline are available to track upcoming renewals. | |
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Automated Reminders Scheduled reminders for key renewal milestones. |
Automated reminders set for key renewal milestones as part of workflow automation. | |
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Customizable Notification Rules Ability to set different alert types for various treaty types or partners. |
Notification rules can be customized based on contract or partner according to admin configurability details. | |
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Renewal Documentation Generation Prepares renewal documentation with pre-populated existing treaty information. |
Renewal documentation is generated with pre-populated existing treaty data as per workflow automation features. | |
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Renewal Tracking Dashboard Status monitoring for renewals in progress, overdue, or completed. |
Renewal tracking dashboard offered for monitoring renewal status (progress/overdue/completed). | |
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Escalation Management Auto-escalates overdue renewals to managers or defined escalation chains. |
Escalation management for overdue renewals is included. | |
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Bulk Renewal Processing Allows batch processing or review of multiple renewals. |
Bulk processing of renewals mentioned among batch automation process capabilities. | |
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Renewal Progress Analytics Dashboards and reports showing renewal completion rates and delays. |
Dashboards and analytics for renewal completion rates/delays are part of the reporting suite. |
Negotiation & Communication Management
(9 Yes /9 Known /10 Possible features)
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Integrated Messaging In-app messaging system for real-time partner communication. |
In-app and cross-partner messaging features are part of the negotiation and communication module. | |
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Email Integration Ability to send/receive and log email communication within the platform. |
Email integration is available as part of correspondence logging. | |
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Negotiation History Comprehensive log of negotiation steps, offers, and counteroffers. |
Negotiation history is tracked with comprehensive logs for compliance and tracking. | |
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Redlining & Inline Comments Allows direct commenting and redlining on treaty documents during negotiation. |
Redlining and inline comments mentioned as features for contract negotiation and review. | |
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Task Assignment Assigns negotiation tasks or actions to users with due dates. |
Task assignment and workflow management described in user responsibility features. | |
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Approval Workflows Configurable processes for internal approvals during negotiation. |
Approval workflows are configurable as part of negotiation processes. | |
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Collaboration Tools Shared workspaces or discussion boards for treaty negotiation teams. |
Collaboration tools and shared workspaces are highlighted in negotiation/communication section. | |
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Negotiation Status Tracking Tracks open, active, and completed negotiations at treaty and portfolio levels. |
Negotiation status tracking at treaty/portfolio level included. | |
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Dynamic Access Control User permissions based on negotiation stage, counterparty, or role. |
Dynamic access control based on user roles and negotiation stages supported. | |
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Comment Search and Filtering Find and filter specific negotiation comments or threads. |
No information available |
Data Management & Integration
(9 Yes /9 Known /10 Possible features)
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API Connectivity RESTful or SOAP APIs to connect with external systems or data sources. |
API connectivity (RESTful and SOAP) is available for integration with external systems. | |
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Core System Integration Prebuilt integrations with policy admin, claims, and financial systems. |
Integration with insurance policy admin, claims, and finance systems is a core product feature. | |
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Data Import/Export Tools Bulk uploading/downloading treaty and transaction data (CSV, XML, etc.). |
Bulk data import/export (CSV, XML, etc.) is an advertised capability. | |
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Master Data Management Centralizes maintenance of cedents, reinsurers, brokers, jurisdictions, etc. |
Central management for master data (cedents, brokers, insurers, and jurisdictions) included. | |
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Data Enrichment Enriches treaty records with external reference data (ratings, sanctions, etc.). |
External data enrichment from ratings/sanctions and integration partners referenced in documentation. | |
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Data Validation Rules Automated checks ensure treaty data completeness and correctness. |
Automated data validation to ensure treaty data completeness and correctness is described. | |
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Data Access APIs/Feeds Real-time or scheduled data feeds for reporting and analytics. |
Data access APIs and data feeds are available to support analytics and reporting. | |
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Data Sync Frequency The frequency with which data is updated with external platforms. |
No information available | |
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Data Lineage Tracking Ability to trace the origin and changes of treaty data records. |
Data lineage tracking for regulatory and audit requirements is promoted on the site. | |
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Custom Field Support Ability to define, manage, and report on custom fields. |
Support for custom fields as part of platform configurability is available. |
Reporting & Analytics
(10 Yes /10 Known /11 Possible features)
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Standard Report Library Ready-to-use reports for common treaty, premium, or claims analytics. |
Library of standard reports is a core reporting & analytics feature. | |
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Ad-hoc Reporting Users can build and customize reports based on treaty data. |
Ad-hoc report builder for treaty/claims/premium data is referenced. | |
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Dashboards Configurable visual dashboards displaying key treaty KPIs. |
Dashboards provided and customizable with real-time treaty KPIs. | |
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Automated Report Scheduling Schedule regular distribution of reports to stakeholders. |
Automated report scheduling featured for stakeholders/distribution. | |
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Export to Excel/CSV/PDF Ability to export reports in multiple formats for offline analysis. |
Export of reports to Excel, CSV, PDF formats supported. | |
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Analytics on Retention & Coverage Trends Visualizes trends in retentions, coverage, and limits across treaties. |
Analytics for retentions, coverage, and limit trends mentioned. | |
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Loss Ratio Analysis Calculate and report on treaty portfolio loss ratios. |
Loss ratio analysis included in analytics module. | |
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Premium & Claims Aggregations Aggregates premium and claims data at treaty, program, or portfolio level. |
Premium and claims aggregation provided at multiple levels. | |
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User Activity Reporting Track logins, edits, approvals, and other user actions. |
User activity reporting available for compliance/operations. | |
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Data Visualization Charts and graphs for quick visual insights. |
Comprehensive data visualization tools with charts and graphs included. | |
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Turnaround Time Metrics Measures speed of treaty negotiation or renewal completion. |
No information available |
Security & Compliance
(10 Yes /10 Known /10 Possible features)
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Role-Based Access Control Limits system access by job roles and responsibilities. |
Role-based access control described supporting complex user and permission hierarchies. | |
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Audit Logging Comprehensive logs of all user/system activity. |
Audit logging for user and system activities as part of compliance suite. | |
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Data Encryption Encryption of data at rest and in transit. |
Data encryption at rest and in transit is highlighted for cloud security. | |
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Single Sign-On (SSO) Support Integration with corporate identity providers for authentication. |
Single Sign-On (SSO) is supported; integrates with enterprise identity solutions. | |
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GDPR/CCPA Compliance Features supporting global data privacy regulations. |
GDPR/CCPA compliance and global data privacy features explained in compliance documentation. | |
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Multi-Factor Authentication (MFA) Requires multiple verification methods to access the system. |
Multi-factor authentication available for enhanced login security. | |
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User Access Review Workflow Supports periodic review and certification of user access rights. |
User access review workflows are available for periodic access certification. | |
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Data Masking Obfuscates confidential fields from unauthorized users. |
Sensitive data masking available for unauthorized user protection. | |
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Automated Policy Enforcement Enforces security and data governance policies system-wide. |
Automated enforcement of security/data governance policies is part of admin platform. | |
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Regulator Audit Ready Reports Standard reports for regulatory review and audits. |
Standard and custom reports for regulators/audit are referenced. |
Workflow & Process Automation
(9 Yes /9 Known /10 Possible features)
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Customizable Workflows User-configurable business process flows for various treaty types. |
Business process workflows can be configured for treaty types and customer requirements. | |
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Automated Task Assignment Assigns tasks based on predefined rules and triggers. |
Automated task assignment tied to workflow triggers is explained. | |
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Process Visibility Shows current status and ownership of all in-progress treaties. |
Process visibility into status and treaty/process owner embedded in UI. | |
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Approval Routing Flexible approval chains and conditional approvals. |
Approval routing supports custom conditional paths. | |
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Exception Management Flags and handles deviations from predefined workflows. |
Exception management and deviation alerting from standard workflows present. | |
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User Notification Automation Automatically notifies users of required actions throughout lifecycle. |
User notification automation for key lifecycle actions via in-app and email notification. | |
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SLA Tracking Tracks process completion against service level agreements. |
No information available | |
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Workflow Audit Trails Logs all workflow transitions and user decisions. |
Workflow audit trails for all transitions and user decisions included. | |
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Template-Driven Initiation Initiate treaties using pre-approved workflow templates. |
Template-driven treaty and workflow initiation available for standardization. | |
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Bulk Workflow Actions Capability to trigger workflow events for multiple treaties simultaneously. |
Bulk/batch workflow actions accessible for mass treaty event triggers. |
User Experience & Accessibility
(9 Yes /9 Known /10 Possible features)
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Intuitive User Interface Modern, easy-to-navigate UI requiring minimal training. |
Modern, easy-to-use UI is mentioned across the marketing and documentation. | |
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Advanced Search & Filtering Robust search, filter, and sort options throughout the platform. |
Advanced search and filtering available throughout treaty/document data. | |
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Mobile/Web Access Responsive design for access from desktop, tablet, or mobile. |
Supports access on desktop, tablet, and mobile—verified as fully cloud-based. | |
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Accessibility Compliance Conforms to WCAG/ADA accessibility standards. |
No information available | |
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Personalization Options User can customize dashboards, views, and notifications. |
User personalization (dashboards, notifications) is highlighted. | |
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Bulk/Batch Operations Performs actions on multiple records simultaneously. |
Bulk/batch operations feature shown for records and treaty management. | |
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Multilingual Support User interface and documentation available in multiple languages. |
Multilingual UI and documentation support is typical for global clients, and referenced. | |
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Contextual Help & Guidance In-app help, tooltips, and user guides contextualized to current screen/process. |
Contextual online help and guidance included within user interface. | |
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Customizable Dashboards Users can create or adjust dashboard widgets and layouts. |
Dashboards are customizable by end users. | |
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Collaboration Features Tag/share treaties and leave comments for co-workers. |
Collaboration features such as tagging, sharing, and commenting included. |
Scalability & Performance
(4 Yes /4 Known /10 Possible features)
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Concurrent User Support Maximum number of users who can be active in the system simultaneously. |
No information available | |
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Transaction Processing Speed Average time to save, retrieve, or update treaty data. |
No information available | |
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System Uptime SLA Guaranteed system availability by vendor/service. |
No information available | |
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Horizontal Scalability Ability to add nodes/computing resources as data or user base grows. |
Horizontal scalability described among cloud deployment features; designed to handle growth in users/data. | |
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Data Storage Capacity Maximum supported volume of treaty data/files. |
No information available | |
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Backup & Recovery Time Objective (RTO) Maximum time to recover from a system failure. |
No information available | |
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Disaster Recovery Platform provides comprehensive disaster recovery options. |
Comprehensive disaster recovery options highlighted for business continuity. | |
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Load Balancing Distributes traffic to maintain optimal performance. |
Load balancing across cloud resources for optimal performance documented. | |
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Bulk Upload/Batch Processing Speed Time to process large uploads or batches. |
No information available | |
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Elastic Resource Allocation System automatically scales resources up/down based on demand. |
Elastic resource allocation for demand surges explained as a benefit of cloud delivery. |
Implementation & Support
(8 Yes /8 Known /10 Possible features)
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Implementation Timeline Average time needed for system rollout. |
No information available | |
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Onboarding Tools Self-service or guided onboarding for new users and administrators. |
Onboarding tools for both self-service and guided new user setup are referenced by vendor. | |
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Comprehensive User Training Access to detailed training materials, videos, or instructor-led sessions. |
Access to comprehensive training resources (videos, sessions, guides) mentioned. | |
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Configuration Flexibility Degree of configurability of the platform without vendor intervention. |
Configuration flexibility for business rules and fields emphasized as a selling point. | |
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Dedicated Account Manager Assigned representative for ongoing relationship management. |
Dedicated account manager for customer support and relationship is standard practice and listed. | |
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24/7 Helpdesk Support Technical support availability around-the-clock. |
Vendor offers 24/7 technical support per solution overview. | |
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Customer Success Program Proactive outreach and best practice sharing by vendor. |
No information available | |
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Online Knowledge Base Self-service documentation and FAQs available to users. |
Online knowledge base and FAQs available for users. | |
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Community Support Forum Interactive forum for peer discussion and issue resolution. |
Community support forums for customers are available on the vendor's customer portal. | |
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Service Level Agreements (SLAs) Vendor provides contractual uptime/support assurances. |
Service level agreements (SLAs) for support/uptime offered contractually by vendor. |
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