State Auto Insurance Companies, has chosen Effisoft USA’s WebXL software for ceded reinsurance administration.
The new platform will replace the legacy systems, Access database, as well as manual processes State Auto uses to manage reinsurance.
“WebXL is a critical piece of our overall effort to improve reinsurance administration and processing,” said Matt Pollak, vice president, chief accounting officer and treasurer at State Auto. “WebXL will enable us to streamline and automate our reinsurance process, thus simplifying regulatory compliance.”
State Auto selected a hybrid model, which means that while the application and database servers are installed on site at State Auto, Effisoft will manage and maintain the platform remotely.
The replacement project kicked off in September and is scheduled for completion in less than a year, according to the companies.
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