NAT RE CHOOSES DXC FOR REINSURANCE SOFTWARE
National Reinsurance Corporation of the Philippines (Nat Re) has selected DXC Technology to implement the core reinsurance solution SICS for its life reinsurance business.
This makes Nat Re the first DXC customer in the Philippines to employ SICS.
The software platform is expected to bring many benefits to Nat Re’s life reinsurance division, including improving operational efficiency, enabling business process au- tomation, enhancing business intelligence, strengthening business and financial controls, and augmenting overall decision-making processes.
Nat Re provides life and non-life reinsurance capacity, offering consulting, technical and advisory services to clients in emerging markets. It operates a geographically diverse reinsurance portfolio, and about 40 percent of its growing business comes from outside of the Philippines.
DXC, a leading global provider of core insurance software and services, will work with Nat Re to implement SICS, the globally standardized, end-to-end solution for assumed and ceded reinsurance administration.
SICS supports all types of reinsurance arrangements, particularly in administering protection of large complex policies, high-value multinational risks, and proportional and nonproportional treaty portfolios.