TAI Annuity Reinsurance Administration is a dedicated system designed to automate the complex processes involved in managing annuity reinsurance. The software facilitates the loading of crucial data, including treaties, rates, and direct feeds from policy administration systems. It then automatically applies treaty rules to administer the business, ensuring that all calculations and financial operations strictly adhere to the agreed-upon terms. The system generates comprehensive reports for reinsurers and retrocessionaires, while also ensuring that cash flow and accounting specifications are met. TAI Annuity supports the administration of Fixed, Indexed, Variable, and GMIB/GMDB annuity products, offering benefits such as automation of manual processes, accurate reinsurance calculations, precise seriatim and summary level reporting, consistent data, and audit facilitation. Its modular architecture, customization options, and specialized expertise contribute to operational efficiency.

Features & Benefits

• Automate Manual Processes: Reduces manual effort in annuity reinsurance administration.
• Accurate Reinsurance Calculations: Ensures precise calculation of reinsurance liabilities and premiums.
• Accurate Reporting: Generates detailed reports at both seriatim and summary levels for reinsurers.
• Compliance with Treaty Terms: Ensures adherence to all cash flow and accounting specifications as per treaty agreements.
• Support for Multiple Annuity Products: Administers Fixed, Indexed, Variable, and GMIB/GMDB annuity products.