Reinsurance Broking System (RIBS)

Reinsurance Broking System (RIBS) is a multiuser Windows application designed to assist reinsurance brokers, the intermediaries between the cedants and the reinsures, in their daily operations.

Several features in RIBS include treaty and facultative acceptance management; claims handling and maintenance; statistical and analytical reports; reinsurance accounting, includes billings, billing's statements, and accounting of funds transfer.

Reinsurance brokers use RIBS to streamline all operations and to provide more value added services to their clients. With RIBS, these brokers are able to actively and efficiently manage all reinsurance contracts, ensure prompt and accurate funds transactions between insurance companies, keep track of claims filed, and provide client companies with up-to-date statistical reports for portfolio analysis.