RAIS - Reinsurance Administration & Information System - Ceded Reinsurance Management System

NTT DATA solution RAIS is a mature Reinsurance Core System for Active- and Passive Reinsurance. Designed by NTT DATA and developed in collaboration with a German reinsurance company. RAIS is continuously developed by NTT DATA Germany and a state-of-the-art reinsurance solution. RAIS covers all reinsurance Lines of Business processes for primary- and re-insurers.

The current RAIS version 5 is a modern reinsurance system with web-based GUI and offers multi-client, multi-language, and multi-currency capability for international deployment.

NTT DATA offers with RAIS a proven and flexible reinsurance system that has already been implemented for nameable insurance companies.

RAIS offers the protection you need for reinsurance processing and billing. All aspects of reinsurance are in the best hands thanks to the connected and equipped evaluation tool for your reporting and analysis needs. With RAIS, you receive a sophisticated system that can manage and calculate all reinsurance programs without additional programming, simply by defining the reinsurance programs. You can flexibly adapt the system to your familiar environment: integrate RAIS into your system environment by using standardized interfaces for data transfer.

NTT DATA Germany is acting as a full-service provider for all opportunities

RAIS is designed for maximal flexibility to optimize individual requirements, therefore, the design is modular, and virtually all data fields can be adapted to specific requirements. By integrating it into your system landscape, you only collect the data once. The process logic of RAIS processes data quickly, while standardizing and making the results available via interface. You gain a cost-effective, transparent and secure solution for your reinsurance processes, guaranteeing a quick return on investments.

In addition, RAIS offers the transfer of accounting data to Retrocessionaires via the blockchain based tool RITABLOCK. RAIS has an evaluation portal that visualizes reinsurance data with Qlik Sense and an customer friendly GUI.

RAIS offers the following Modules/ Features:

• Reinsurance Determination
• Active Reinsurance
• Risks / Damages
• Passive Reinsurance
• Statistics

Functional highlights:

• Covering all processes relating to insurance for primary insurers and reinsurers
• Covering all lines of business in reinsurance
• Automatic support in non-proportional business: premium and loss calculation incl. indexing
• Reinsurance determination: identification of reinsurance of risks, already in the underwriting or subscription
• Individual definition of any reinsurance programs and layers
• Complete recording histories of data and system parameter
• Integrated modules: sub-ledger, statistics, evaluations and printout of contract structures
• NTT DATA expertise in reinsurance and reporting

Technical highlights:

• Java-based solution
• Cloud-ready: RAIS is delivered as Docker images.
• Choice of all common cloud environments: including Kubernetes, OpenShift
• Operation in your private cloud or with public cloud providers such as AWS, Google, MS Azure
• Classic installation on AIX or Linux is also possible
• Browser interface as Rich Internet Application (RIA)
• Automated evaluation portal based on Qlik Sense
• Electronic exchange of reinsurance bills via RITABLOCK possible (blockchain technology)
• Database: Oracle

The Key benefits of the NTT DATA RAIS system at a glance:

• RAIS is a flexible, modern, modular Reinsurance Solution, out of the cloud and in a System as a Service model available.
• RAIS is prepared for international usage, it is multi-language, multi-currency, multi-company usage,
• RAIS comes with innovative functional- and technical highlights (e.g. BI portal, blockchain accounting, web services and modern GUI)
• RAIS covers all processes relating to reinsurance for primary insurers and reinsurers by covering all lines of business
• Automatic support in non-proportional business: premium and loss calculation incl. indexing
• RAIS uses open-source tools and supports a sustainable, transparent reinsurance solution
• RAIS is continuously developed by NTT DATA experts, taking into account our many years of expertise as well as user requirements
• RAIS, an Asset powered by NTT DATA