TAI Launches Reinsurance Portfolio Analytics Tool, TAI Insights

Rhea-AI Summary

TAI, a leader in reinsurance administration software, has launched TAI Insights, an innovative analytics toolset designed to enhance reinsurance operations for clients. This tool allows for improved risk management through detailed analysis of individual treaty performance and client concentration risks. TAI Insights, developed in collaboration with Comotion, also includes customizable dashboards for monitoring portfolio performance. TAI has been serving the life insurance industry for nearly 40 years, emphasizing administrative efficiency and risk reduction.

Positive

• Launch of TAI Insights, enhancing reinsurance operations.
• Customizable dashboards for detailed portfolio monitoring.
• Partnership with Comotion improves analytics capabilities.

Negative

• None.

ST. LOUIS--(BUSINESS WIRE)-- TAI (Tindall Associates, Inc.), a leading provider of reinsurance administration software and services, announced today the launch of TAI Insights, an intuitive reinsurance analytics toolset that empowers TAI clients to improve reinsurance operations and optimize their reinsurance portfolios. Powered by Comotion, a technology business that builds tools for the life insurance and finance industries, TAI Insights uses analytics in reinsurance decisions to increase efficiency in risk management and operational processes.

“At TAI, we strive to drive administrative efficiencies while reducing operational and financial risk for our clients,” said Brian Traxler, Senior Vice President, Business Development, TAI. “With our new Insights tool, clients can analyze, evaluate, and make decisions about their reinsurance portfolio at the press of a button, in ways they could not do before.”

"Comotion was founded to use the power of cloud and data analytics to drive positive change in the financial services industry,” said Tim Vieyra, CEO, Comotion. “We are very happy to be partnering with TAI to bring this revolutionary toolset to life insurers."

TAI Insights provides reinsurance clients with a powerful analytics toolset that allows them to monitor overall and individual treaty performance and watch for emerging experience from their book of business. The tool also allows them to examine client/policyholder concentration risk and align their reinsurance program with their corporate risk appetite. Through highly customizable dashboards designed specifically for reinsurance teams, TAI Insights enables users to monitor the business performance of their reinsurance portfolio and actuarial teams to conduct deeper analyses of reinsurance programs.

For nearly 40 years, TAI has served the life insurance industry specializing in reinsurance administration software and reinsurance services. Through the TAI platform, clients can administer and self-report all reinsurance business, both ceded, reinsured, and retroceded, in an electronic format to share with their reinsurance partners.

For more information about TAI, visit www.taire.com.

About TAI

TAI is the market leader in life reinsurance systems in North America with clients in the United States, Canada, Bermuda, the Caribbean, United Kingdom, South Africa, and Hong Kong. TAI is focused on simplifying reinsurance administration through software and service solutions. TAI Software automates reinsurance administration for life and annuity business. TAI Services helps identify and solve areas of reinsurance risk as well as provides both short-term and long-term resource assistance. Over 90% of the top 50 insurers in North America, by life face amount issued, trust TAI software for their life reinsurance administration.

About Comotion

Comotion Business Solutions is a technology business that builds tools for the life insurance and finance industries. Comotion was founded in 2012 and is based in Cape Town, South Africa, and aims to co-build a positive future by simplifying big data analysis, insights and data collaboration through partnerships, innovation and cloud technology. Comotion builds and offers a range of technology services and tools to fulfil this vision. To find out more, visit Comotion at www.comotion.us or on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230215005214/en/

Lynn Phillips

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Source: Tindall Associates, Inc.