Clean up on Claims -
[Cached Version]
Published on: 4/1/2002
Last Visited: 6/24/2008
Adrian Leonard talks to its creator, Gavin Blem.
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Gavin Blem, a pioneer of London market excess of loss reinsurance administration software, has an easier approach.In the late 1980s, while working as an adjuster, he noted the need for an IT system to map claims against reinsurance programmes for recovery.By 1992 he had launched XLRAS, an excess of loss reinsurance administration system.
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"It has lots of functionality to support all the creative contracts that underwriters have developed over the years and is updated almost every month to cope with new ones," says Mr Blem.
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Mr Blem emphasises that the technician retains control over the route that events travel through a reinsurance programme, as claims can be guided by user-defined 'rules' that automatically route losses to certain layers - a key advantage in voluminous asbestos claims.
"By using the rules processor, hundreds of events can be routed en masse," he says.