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Insurers Lose Money on Reinsurance Claims; Technology Can Plug Leaks, Effisoft-s Sebbag Writes in Best-s Review

DALLAS, TX — (Marketwired) — 10/16/13 — Most insurers still rely on spreadsheets to manage their reinsurance business and are losing money because they cannot track ceded reinsurance contracts effectively, Joseph Sebbag, CEO of vendor , writes in the October issue of Best-s Review."They don-t have automated tools to effectively monitor reinsurance programs, placements or recoveries, let alone identify claims leakage, overpayments and excessive risk exposure or even track out-of-complia

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