Constrained pricing and persistently low interest rates have made reinsurance increasingly important for insurers looking to reduce costs. And for mid-market insurers, reinsurance administration is a new priority from a technology standpoint, says Tom Brock, assistant vice president corporate accounting of Motorists Insurance. The regional carrier recently implemented Effisoft USA’s WebXL in an effort to consolidate systems, eliminate manual processes and drive efficiencies.
INN: What’s the problem you were trying to solve with Effisoft?
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