While the recent TAI User Group featured many highlights, one session in particular that stood out was the reinsurers panel discussing the impacts of COVID-19 on the life insurance industry. Moderated by Chris Murumets of RGAX, the esteemed group of panelists included Al Mele from SCOR, Marc-Andre Simard from Canada Life Reinsurance, and Mike Taht from Munich Re. They shared valuable insights on how we as an industry adapted our business and responded to the COVID-19 pandemic. I couldn’t help but take another look and summarize what we heard (thanks to all of the panelists for allowing us to do so).
For over 100 years, paper treaties have been the backbone of the life reinsurance industry. Paper has been reliable and consistent, but it’s becoming a source of friction as the industry embraces more digital platforms and remote interactions. To enhance efficiency, support collaboration, and ensure data quality, it may be the right time to retire our trusted paper and explore a new approach.
The right report at the right time can make a huge difference in your team’s workflow and success. The TAI Life Reinsurance Admin Reports and Exports Webinar, led by Wendy Wilmer, Business Analyst, can help you leverage key features and streamline your approach to reports and exports. This webinar focuses on viewing reports in the TAI .NET application, exporting reports, and running SQL queries through Ad Hoc Query. Mainframe users are invited to follow up with any specific questions for their platform.
As the January 2023 “go-live” date for IFRS17 rapidly approaches (well, certainly rapid for the Insurance market), consultants have spent many hours and industry experts have written large scores of papers to aid insurers in moving to this new accounting framework. This blog explores the system implications of providing granular reinsurance reporting to meet IFRS17 reporting requirements.
TAI’s latest release, TAI 3.70 Life is live and ready to improve your workflow. Take advantage of the latest features and advancements we’ve developed in collaboration with clients. Find out what’s new in this overview.
The TAI Help Desk and Self-Service Portal is a customer service platform provided to TAI system users for troubleshooting and support. We’ve made it easy and efficient to get what you need, when you need with the TAI Help Desk.
TAI customers can make the most of the system’s Claims module with these helpful tips from Ryan Cauldwell, Manager of Reinsurance Consulting. In his recent TAI Basic Claims Training Webinar, Ryan walked attendees through frequently asked questions on the claims module’s functionality and highlighted its most popular features.
Whether your organization is about to kick off a TAI upgrade or is planning for one in the next couple years, this blog provides a helpful overview of what to expect and how to prepare.
To help TAI users simplify and automate the audit process, Ryan Cauldwell, Manager of Reinsurance Consulting, walked us through common questions and the most used features of TAI’s Online Audit function (or “View Trace” as some users may call it) in the recent webinar: TAI Basic Audit Training. Ryan provided an overview of the audit functions available on TAI that can be used by both direct writers and reinsurers, whether you’re managing an internal or external request or processing a valuation or reinsurance query.
TAI has developed a Recapture App which provides a more flexible option for recapturing business from reinsurers or retrocessionaires. The App is incorporated into version 3.6 of TAI .NET. Clients have the option of using the Recapture App or using the traditional custom programming solution for recaptures.