Reinsurance Transaction Approvals
Automated workflows in Cflow simplify reinsurance transaction approvals
Why automate?
Approval of reinsurance transactions is an important aspect of insurance transactions. Transfer of a portion of the policy risk to another insurance company is reinsurance. Successful transfer of a policy’s risk requires stringent review and approval of the transaction to ensure that it adheres with regulatory standards and company policies. Manually reviewing and transferring insurances to other companies is a cumbersome process that is slow and prone to errors. Discrepancies in reinsurance transaction processing is common in manual workflows.
You need automated workflows that eliminate the redundancies in the process to improve the efficiency of reinsurance transaction approvals. A no code workflow automation solution like Cflow automates the approval of reinsurance transactions, so that insurance staff can focus on more important work.
How Cflow Can Help
Transform & streamline business processes with cloud BPM & workflow automation software.
Join 100k + Users Who Are Already Using Cflow
“I’m really impressed with the support provided by Cflow. There has never been a time when they have kept me waiting. A product that is simple to use and a team that is smart and extremely fast are factors that help me feel reassured and confident.”
“The WFH environment during the COVID-19 pandemic made it clear how inefficient our processes were. Cflow allowed us to digitize paper forms with automated workflows. If you can envision a tool for an online workflow, it can be done in Cflow!”
“We are extremely liking CFlow. So far any issues that we’ve had once we contacted support they were able to help us resolve the issue. This has helped us take a paper process and replace it, faster and more streamlined now for us.”
