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SAS Reinsurance Analytics from SAS
An analytical platform that allows insurers to manage reinsurance contracts, analyze risks, and comply with regulatory standards while enhancing decision-making through predictive analytics.
Product analysis by function
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.
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Contract Management
(6 Yes /6 Known /10 Possible features)
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Contract Template Library Provides pre-defined templates for different types of reinsurance contracts. |
SAS Reinsurance Analytics advertises streamlined reinsurance contract management, which strongly implies a contract template library exists. | |
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Version Control Tracks historical changes and different versions of contracts. |
Versioning is a core requirement for contract management in analytics, and SAS advertises support for compliance and audit which implies version control. | |
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Contract Document Storage Allows for electronic storage and retrieval of contract files. |
Electronic storage and retrieval of contract documentation is standard for such systems. | |
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Automated Endorsement Handling Automates the process of adding endorsements or amendments to contracts. |
No information available | |
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Contract Renewal Management Facilitates tracking and managing contract renewals and expiries. |
Product highlights contract renewal tracking, implying support for renewal management. | |
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Contract Search and Retrieval Quickly searches contracts based on various criteria (cedents, dates, treaty types, etc.). |
Contract search is a basic requirement and is listed as a feature in product sheets. | |
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Multi-Currency Support Supports contracts and transactions in multiple currencies. |
Multi-currency support is indicated as key for global insurers using the platform. | |
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Multi-Language Support Supports user interfaces and document generation in different languages. |
No information available | |
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Automated Contract Validation Checks new or amended contracts for business rule compliance. |
No information available | |
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Bulk Upload/Import Allows import of multiple contracts at once. |
No information available |
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. |
SAS is noted for integration with core systems via APIs and ETL. | |
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Batch Data Import/Export Supports scheduled or on-demand bulk imports/exports. |
Bulk (batch) import/export is a widely mentioned capability for SAS data integration platforms. | |
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Third-Party Data Source Connectivity Integrates with external data providers (rating agencies, regulatory sources, etc.). |
SAS provides connectors for third-party data sources, including regulatory and rating data. | |
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Real-Time Data Sync Synchronizes key data entities in (near) real time. |
SAS platforms support near real-time data synchronization for operational reporting. | |
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Data Mapping Tools Built-in tools for mapping and transforming data between systems. |
Data transformation and mapping is a core SAS capability. | |
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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.). |
SAS supports data exchange in numerous industry-standard file formats. | |
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Automated Error Handling Automated detection and reporting of integration errors. |
SAS includes automated error handling/reporting in its integration tools. | |
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Data Encryption Encrypts data at rest and/or in transit during integration processes. |
SAS documents showcase data encryption both at rest and transit. |
Premium Processing
(1 Yes /1 Known /10 Possible features)
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Automated Premium Calculation Automates premium calculation based on contract terms. |
No information available | |
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Premium Bordereaux Generation Generates bordereaux reports for ceding premiums. |
No information available | |
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Premium Adjustment Handling Manages mid-term or retroactive premium adjustments. |
No information available | |
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Split Allocation Allocates premiums across multiple treaties or layers. |
No information available | |
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Currency Conversion Automatically converts premiums based on current exchange rates. |
Multi-currency and automated exchange rate conversion support is part of their analytics platform for global insurers. | |
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Automated Invoicing Produces and issues invoices for reinsurance premiums. |
No information available | |
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Settlement Tracking Tracks payment status and outstanding balances. |
No information available | |
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Reconciliation Tools Built-in tools for reconciling premium records against accounting systems. |
No information available | |
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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. |
No information available |
Claims Handling
(4 Yes /4 Known /10 Possible features)
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Automated Claim Notification Enables automatic detection/notification of claims that may trigger reinsurance. |
Claims triggers and notification automation are discussed in SAS Insurance literature. | |
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Claim Allocation Engine Allocates claims across applicable treaties, layers, and periods. |
No information available | |
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Recovery Calculation Calculates recoverable amounts from each reinsurer. |
SAS highlights reinsurance recoverable calculations as a critical analytics output. | |
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Claim Bordereaux Generates bordereaux for reinsurance claim submissions. |
No information available | |
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Claim Tracking Dashboard Visual tracking and status monitoring for reinsurance claims. |
Claims dashboards and monitoring are part of SAS's advanced analytics for reinsurance. | |
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Subrogation/Salvage Handling Tracks subrogation and salvage and their impact on reinsurance recoveries. |
No information available | |
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Automated Reserves Calculation Calculates and allocates reserves relating to reported and incurred but not reported (IBNR) claims. |
No information available | |
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Settlement Processing Manages recoveries and settlements with reinsurers. |
SAS documents discuss automation of recovery and settlement processing. | |
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Dispute Management Tools for documenting and resolving claim disputes with reinsurers. |
No information available | |
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Average Time to Allocate Claims Average time required to allocate claims to contracts. |
No information available |
Financial Accounting
(5 Yes /5 Known /10 Possible features)
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Subledger Integration Maintains reinsurance subledger and integrates with main GL. |
Integration with insurers' accounting ledgers is mentioned as a feature. | |
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Automated Accruals and Deferrals Manages accounting entries for premium and loss recognition. |
No information available | |
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Multi-Basis Accounting Support Handles parallel accounting for GAAP, IFRS, local/regulatory basis. |
Product supports GAAP, IFRS and multiple accounting bases as specified in SAS documentation. | |
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Cash Application Supports matching incoming/outgoing cash with transactions. |
No information available | |
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Comprehensive Audit Trail Detailed logs of all financial postings and changes. |
Comprehensive audit trail support is part of SAS analytics, including financial postings. | |
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Tax Calculations Automates applicable tax/levy computations for reinsurance. |
No information available | |
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Foreign Exchange Handling Manages FX gains/losses arising from reinsurance transactions. |
Foreign currency management, FX gain/loss tracking is part of global insurer operations on SAS. | |
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Intercompany Balancing Automates balancing transactions between different group companies. |
No information available | |
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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 report automation is a frequently advertised use case for SAS in insurance. |
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. |
SAS advertises a broad library of pre-built and customizable insurance regulatory reports. | |
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Custom Report Builder Tools for users to design, save, and schedule custom reports. |
SAS's business intelligence suite provides a custom report builder. | |
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Ad-hoc Query Capability Allows users to quickly interrogate system data for custom analysis. |
Ad-hoc querying is one of SAS's core analytics capabilities. | |
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Interactive Dashboards Real-time, visual, interactive performance and risk dashboards. |
SAS products emphasize interactive and real-time dashboarding. | |
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KPI Tracking Tracks and displays key performance indicators for reinsurance business. |
KPI tracking via dashboard is a core SAS analytics feature. | |
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Drill-Down Reporting Ability to start at summary level and drill down to transaction details. |
Drill-down reporting is part of the interactive exploration tools in SAS BI. | |
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Report Scheduling Schedule automated report runs and distributions. |
Report scheduling and distribution is standard in SAS reporting modules. | |
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Export Capabilities Exports reports to multiple formats (Excel, PDF, CSV, etc.). |
SAS supports export into Excel, PDF, CSV, etc. | |
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Data Visualization Tools Charts, graphs, heatmaps, and other data visualization features. |
Comprehensive data visualisation is a key selling point for SAS. | |
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Reporting Latency Time to generate standard reports. |
No information available |
Regulatory Compliance & Audit
(7 Yes /7 Known /10 Possible features)
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Regulatory Content Updates System receives updates for new rules and regulatory changes. |
SAS maintains content libraries and updates regulatory content regularly. | |
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Automated Compliance Checks Continually checks data/processes against compliance rules. |
Compliance rules and automated checks are standard in SAS regulatory modules. | |
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Audit Log Management Maintains comprehensive audit logs for every user/system action. |
Audit logs and auditability emphasized for regulatory/compliance users. | |
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SOX Compliance Support Provides controls and documentation to meet SOX (Sarbanes-Oxley) requirements. |
No information available | |
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GDPR/Privacy Controls Implements data privacy safeguards and subject rights management. |
SAS provides strong privacy and GDPR tooling as part of its security offerings. | |
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Regulatory Report Catalog Built-in templates for regulatory submissions (NAIC, Lloyd's, Solvency II, etc.). |
Pre-built regulatory report templates are in the SAS libraries. | |
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Access to Change Logs Provides full access to all change logs for compliance review. |
Audit/change logs are available for compliance support in SAS. | |
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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 and segregation of duties are supported for regulated industries. | |
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Compliance Reporting Speed Average time to prepare and submit compliance reports. |
No information available |
Security & Access Control
(10 Yes /10 Known /10 Possible features)
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Role-Based Access Control Restricts access to features and data based on user role. |
Role-based access is a standard security feature for enterprise SAS products. | |
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Multi-Factor Authentication Requires more than one form of authentication. |
Multi-factor authentication is offered through integration with enterprise IAM providers. | |
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SSO Integration Supports integration with enterprise single sign-on solutions. |
SAS integrates with SSO solutions for large organizations. | |
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Data Encryption at Rest Encrypts stored data to prevent unauthorized access. |
SAS encrypts data at rest. | |
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Data Encryption in Transit Encrypts data during transmission. |
SAS encrypts data in transit using industry-standard protocols. | |
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User Activity Monitoring Monitors, logs, and alerts on unusual or risky user activities. |
User activities are logged and monitored for security compliance. | |
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Granular Permission Settings Allows fine-tuned control over access rights. |
Granular permissions settings are available for user access control. | |
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Audit Trails for Security Events Tracks all significant security-related operations. |
Audit trails for all significant security events are maintained. | |
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Automatic Session Timeout Logs out users automatically after inactivity. |
Session timeout policies are configurable in SAS systems. | |
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Password Policy Enforcement Configurable password complexity and rotation policies. |
Password policies for complexity and rotation enforced in SAS identity management. |
Operational Efficiency & Automation
(3 Yes /3 Known /10 Possible features)
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Workflow Automation Engine Builds, customizes, and executes automated processing workflows. |
Workflow automation engines are described in SAS for operational efficiency. | |
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Task and Notification Management Automates and tracks user tasks, reminders, and escalations. |
No information available | |
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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 can be configured for risk and workflow triggers. | |
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Batch Processing Capabilities Supports high-volume batch jobs (e.g., monthly closings). |
Batch processing for large jobs (such as closings) is a key capability. | |
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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. |
No information available | |
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Exception Management Tools Shows, tracks, and processes outliers or errors. |
No information available | |
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Bulk Transaction Support Handles uploading or updating multiple transactions at once. |
No information available | |
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Automated Documentation Generation Produces legal, operational, or notification documents automatically. |
No information available |
User Experience & Usability
(7 Yes /7 Known /10 Possible features)
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Intuitive Interface User-friendly, modern interface for efficient navigation. |
SAS highlights ease of use, modern UX and user-friendly navigation. | |
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Responsive Design Optimized for various devices and screen sizes. |
Responsive design for use on various devices is noted. | |
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Personalizable Home Pages Allows users to customize views, favorites, and shortcuts. |
Personalization is supported via dashboards and user setup preferences. | |
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Contextual Help & Tooltips Provides on-screen help and explanations for features. |
No information available | |
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Global Search Enables users to search across all data and objects. |
Global search across analytics data is a feature in SAS platforms. | |
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Accessibility Features WCAG compliance, keyboard navigation, screen reader support. |
SAS aims for accessibility compliance and support for assistive technologies. | |
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Guided Workflows Step-by-step guidance for complex or uncommon processes. |
No information available | |
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User Preference Management Users can set preferences for language, display, notifications. |
User preference management is part of user profile setup in SAS. | |
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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. |
SAS business intelligence platform advertises mobile accessibility. |
Technical Platform & Scalability
(7 Yes /7 Known /10 Possible features)
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Cloud-Readiness Offers SaaS/cloud deployment options. |
SAS Reinsurance Analytics is a cloud-ready SaaS/hosted solution. | |
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On-Premise Support Can be deployed on customer’s infrastructure. |
On-premise deployment is available from SAS for regulated organizations. | |
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High Availability & Failover Ensures system remains available in case of hardware failures. |
High availability and failover are part of SAS enterprise architecture solutions. | |
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Horizontal Scalability Ability to scale out resources as data volume/users increase. |
Horizontal scaling support is part of SAS's grid and Viya architectures. | |
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Disaster Recovery Readiness Built-in disaster recovery and backup routines. |
Disaster recovery and backup strategies are outlined in SAS technical documentation. | |
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API Extensibility Ability to extend platform through APIs or plug-ins. |
API extensibility is available; SAS Viya emphasizes open APIs for extension. | |
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System Performance Transaction processing performance under standard load. |
No information available | |
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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 updates are available in the hosted (SaaS) version of SAS Reinsurance Analytics. | |
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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 |
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