|
|
|
|
|
The Catastrophe Risk Exchange, Inc. (CATEX) was formed in 1994 and is licensed by the New York Insurance Department as a reinsurance intermediary that acts in a neutral capacity. The company owns and operates the CATEX Global Exchange which permits parties to buy and sell reinsurance and to transact reciprocal reinsurance swaps. The CATEX Global Exchange is buttressed by the 100% web based Pivot Point Insurance and Reinsurance Transaction Systems each of which provide full cycle transaction management for the reinsurance underwriter, broker or MGA.
The Pivot Point Systems may be licensed independently or accessed via the CATEX Global Exchange. Every day, on five continents, over 120 brokers, insurers, reinsurers, MGA’s or "sidecars" have contact with or transact business through a CATEX system. Premium sums in excess of $4 billion are put through CATEX systems each year and the total is rapidly increasing.
CATEX operates CATEXTV.com a live Internet based news channel through which it communicates news and reinsurance claim related information daily to its thousands of system users worldwide.
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
| Learn About CATEX Products & Services |
|
 |
|
|
|
|
|
 |
|
 |
 |
Pivot Point
Risk-Bearer
System |
|
 |
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
The award winning web based Pivot Point Reinsurance and Insurance Transaction system has been completely redesigned using exclusively Microsoft .Net technology. The new technical capabilities of Pivot Point 2.0 become apparent to the user immediately when encountering the expanded richness and sophistication of displayed data upon login.
The .Net redesign was accomplished with the assistance of hundreds of Pivot Point users. The system has been vastly streamlined. The input from the user base, when combined with the .Net Microsoft technology, permit the elimination of the walls between the so called front office and the back office. This new transparency permits brokers and underwriters to instantly view the financial performance of a brokered or underwritten piece of business.
All of the data collected by Pivot Point is brought forward. Should a user possess authorization they will be able to see in one glance the history of a placement, including the entire price negotiation; the record of payment; the claim experience; the specific balance sheet effect of the transaction and how the transaction sits within its line of business or book performance per broker, market or client. Pivot Point 2.0.Net displays all of this information in one view.
If you are already using Pivot Point you will find the features of Pivot Point 2.0 .Net to be intuitive and easy to use. If you are not yet using Pivot Point and want to see a demo of the new system please contact us.
What they are saying...
"Pivot Point 2.0 smashes the walls between front and back office. My brokers can know the value to our own company of each piece of business they are trying to place. We are light years ahead of where we were and where our competitors are."
Senior Vice President, US based reinsurance broker
"The shortened process – by merging the placement and clearing functions – means no data re-keying and less chance of human error. 2.0 will stand up to any compliance audit."
UK based CIO
"The client market extranet in Pivot Point 2.0 brings electronic banking-like simplicity to our own clients and can keep us ahead of our competition."
Lead placement broker, UK
"The 2.0 reporting functions (Mosaic) rely on the already integrated Pivot Point database. The Mosaic tools will allow our IT people to write their own reports in real time to access the Pivot Point 2.0 data warehouse. We can have faster reports on our own data and save money on consulting fees that we normally would incur in trying to retrieve our own data."
CEO, US based reinsurance broker
Don't rely on these quotes alone. Following a Pivot Point 2.0 .Net demonstration, and execution of an NDA, we will make these reviewers available to you and you can speak to them yourself. Pivot Point 2.0 .Net is transforming reinsurance. It can transform your business too.
|
|
| |
The Pivot Point Reinsurance Broking System permits an intermediary to handle and track all facets of the broking process. A state of the art CRM system tracks marketing prospects as they evolve into business partners. A robust Transaction Control Board monitors all placements requests and all market responses with strict version and audit control. Creation of a bound agreement is achieved in an instant with auto-filled data wherever possible. Premium statements, claims statements, payment information and an on line real time fiduciary ledger complete the process. A suite of MI tools permit a broker to obtain real time experience information about a market, client or a policy. The system is 100% web based and includes a full on line document and e-mail facility. The system processes transactions in multi currencies and is equipped with currency conversion tools. Pivot Point may also be deployed in any language format, e.g. Spanish, Japanese, etc.
|
|
| |
The Pivot Point Risk Bearer System permits a risk bearer to process every aspect of the insurance or reinsurance transaction on line and in real time. The vast flows of data associated with underwriting, whether it is extensive location information or voluminous claims histories, may be processed, sorted and converted to easily retrievable information reports as desired. The complete processing of premium invoicing and payment as well as claims and claim reserving functions are included on the system. Aggregate loss information and earned and unearned premium information, in real time, are available as well. Key reporting information for regulators or shareholders may be produced as system outputs. The system is 100% web based and includes a full on line document and e-mail facility. The system processes transactions in multi currencies and is equipped with currency conversion tools. Pivot Point may also be deployed in any language format, e.g. Spanish, Japanese, etc.
|
|
| |
The Pivot Point Agency System combines features of the Pivot Point Risk Bearer system and the Pivot Point Broker system to provide and MGA or MGU with the ability to act as an underwriter by extracting Pivot Point risks for modeling or for ratings engines and to maintain an exact accounting of every premium, claim or payment transaction for the group’s risk bearing underwriters. All of the features of the Risk Bearer and Broking systems are available to permit the MGA to view in real time experience information per line of business or per underwriting partner. The system is 100% web based and includes a full on line document and e-mail facility. The system processes transactions in multi currencies and is equipped with currency conversion tools. Pivot Point may also be deployed in any language format, e.g. Spanish, Japanese, etc.
|
|
| |
The CATEX Global Market is a 100% web based exchange that allows users to employ the award winning Pivot Point technology to both buy and sell reinsurance and to negotiate, structure and bind reciprocal reinsurance agreements. So called "reinsurance swaps" and the binding of traditional reinsurance coverage can be transacted by brokers, reinsurers, insurers, risk managers and "sidecars". The web based nature of the Global Market, and its full cycle transaction processing and reporting tools, make the system ideal for either "one off" deals or as full market system of a risk bearer (traditional or non-traditional) or broker.
|
|
|
|
|
|
|
|
|
|
Copyright 2008 Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten, or redistributed. |
| Please refresh page if streaming video has stopped. |
|
| Request TV Advertising Information London: +44 (20) 7663 5656 US: +1 (609) 683 0888 |
|
|
|
|