Total RE awarded as the most prominent software in the industry

The system was awarded by carriers with the “Gaivota de Ouro”.

June 25th, 2007. Total Re, the reinsurance system developed by SISTRAN - (www.sistran.com) the leading software and service company for the insurance industry - was awarded with the “Gaivota de Ouro” by carriers in Brazil as the most prominent software in the industry.

This award is one of the more prestigious within the insurance industry in Brazil and the winners are selected exclusively by the vote of insurance carriers.

Total RE is the first reinsurance system to support the mixed reinsurance market of Brazil, which works with international but also local basis (IRB) and is an integrated solution with functionality across all processes. At the same time it communicates with existing core systems and databases (PAS, Claims, Finance and Accounting).

SISTRAN designed and developed Total RE as part of its SISE suite of products having in mind the specific needs of the reinsurance department as well as the necessity of integration with other departments and systems within the insurance company.

Total RE is available for any line of business including Life, P&C, Marine, Financial, and Engineering among others. It manages the complete reinsurance cycle for proportional and non proportional treaties between insurance carriers, brokers and/or reinsurers.

About SISTRAN:

SISTRAN has been providing software solutions and services for the insurance industry since 1977. Solutions available include a rules based insurance product designer; a policy administration system; mobile & wireless solutions; a claims administration system; a reinsurance system; regulatory reporting, billing, accounting and a general ledger system. SISTRAN provides a wide range of services including: outsourcing, consulting, integration and maintenance services to carriers, MGAs and TPAs.

From the small, to the multibillion-dollar-companies, in the Life and P&C industry, SISTRAN helps them define their IT and operations strategies while evaluating, designing, developing and implementing the systems and processes that best solve their business challenges.

For further information please contact:
María Bóscolo: press@sistran.com