Participant Run-Off, PRO, recently completed the implementation of XLRAS on one their largest client accounts. Richard Emmett, Reinsurance Manager said "Several of the accounts that we manage are particularly large and complex. It is imperative to us and our clients that we apply the best tools available to manage these and other run-off accounts. We chose XLRAS after a formal selection process and are very impressed with the results. The implementation project required committed effort by us and Blem, but the pay back has started as we benefit from new efficiencies in the recovery cycle. XLRAS has also added to the quality of service that we deliver to our clients and the market generally."
XLRAS is being used to automate many of the time consuming processes involved in excess of loss reinsurance recovery calculation and production. It improves both the turn around times and the quality of information presented to Reinsurers. Greater management control over all aspects of recovery administration has also been achieved.
Gavin Blem, Managing Director of Blem Information Management the suppliers of XLRAS, commented "PRO are benefiting from XLRAS just as our other clients have done. More than that, they will also see XLRAS continuously keeping pace with their changing needs and those of the market. We are totally focused on ensuring that XLRAS is the market leader for X/L recovery administration."