CATEX has been developing transaction systems for the reinsurance and insurance industries since 1994. Nearly all of the system development work CATEX has performed historically is premised on the fact that the pervasiveness and speed of the Internet allows users to conduct transactions much more quickly and efficiently than they may do currently.
CATEX is the only developer in the world to have fully captured the entire life cycle of a risk transaction (insurance or reinsurance) via an entirely web-based system. What this achievement means is that reinsurers, reinsurance brokers and managing agents need only license and access one system that is entirely web-based and fully integrated to manage placements, binders, contracts, statements, claims, reporting and contact information. The days of multiple systems, each producing independent results, that must be fed into a monthly reporting process, are quite literally past.