Software will create automated processes to improve claims administration, ensure the accuracy of accounting transactions, and reduce operational costs.
Global Re has selected DXC Assure Reinsurance, as its core administration solution, providing comprehensive automation across the complete reinsurance management life cycle. DXC Assure Reinsurance will help Global Re manage their reinsurance business, improving claims administration, ensuring the accuracy of accounting transactions, and reducing operational costs.
'Global Re launched its operations in
'Global Re is honoured to implement DXC Assure Reinsurance, a gem in the realm of software for our reinsurance business. This software, already catering to a discerning clientele, solidifies our unwavering dedication to delivering services of the utmost calibre. We eagerly anticipate harnessing the software's capabilities to propel us to the pinnacle of the industry, consistently exceeding the ever-evolving demands of our esteemed clients and the global reinsurance market,' added Bogdan.
The reinsurance market in the
'DXC has over 130 insurance customers with 25 reinsurance customers located within the
Changing industry dynamics are leading reinsurers to adapt their business models. DXC Assure Reinsurance enables faster time to market, streamlined operations, enhanced customer experiences and a launching pad for growth. The modular, integrated, cloud-enabled, digital solution continues to evolve to meet the demands of customers and supports all aspects of a reinsurer's processing - from acquiring new business, through to renewal management and accounting. The automation of these processes can save time and reduce operational costs, while also providing the activity tracking and reporting necessary to meet regulatory requirements.
'The reinsurance market which is complex, heavily regulated, and process driven has faced significant disruption from recent world events and increasing premiums. The transformation of the industry is therefore paramount for the future success of reinsurers. DXC's goal is to ensure Global Re keeps up with the pace of its targeted growth and thrives into the future through technology, by focusing on analytics and process automation,' said Bjornar Evenshaug, Global Offering Manager for Reinsurance,
Forward Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute 'forward-looking statements.' These statements represent current expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties, and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled 'Risk Factors' in DXC's Annual Report on Form 10-K for the fiscal year ended
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