Xuber, a company offering software for insurance specialists, and the insurance software business of Xchanging Plc., has released a platform addressing the U.S. market.
Xuber re-launched in the United States one year ago. Its U.S. non-admitted market configuration packs are an effort to configure the technology platform to better serve users in local markets. Insurers operating in the U.S. non-admitted market need technology systems that can manage sophisticated requirements such as program structures from claim calculations, including aggregate tracking, ceded reinsurance calculations, premium recognition and earning pattern variances. Xuber configuration packs are specifically designed to meet these requirements.
Pre-configured software enables customers to quickly implement solutions by reducing the time required for user workshops and ensuing configuration and development efforts, said Xuber. The configuration packs are built for the U.S. market, enabling the business to account for complex risks without forcing data into fields. Forcing data into fields would lead to workarounds, ad-hoc modifications, and incorrect use of the software.
In 2013, Everest Re selected Xuber for Reinsurers. Executives from the reinsurer said they chose Xuber for its technology, configurable functionality, and ability to conduct analysis, said Xuber. It expects to drive greater operational efficiencies and support business agility. Implementation will occur in four stages, with the first phase of implementation for the claims component underway.
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