Tindall Associates Inc. (TAI) has launched its new product, TAI Treaty, a digital solution for treaty management.
The product uses machine learning to produce a data warehouse, containing all treaties, amendments, and related documents, and provides search functionality to easily navigate and export information.
Through the TAI platform, clients can administer and self-report all reinsurance business, both ceded, reinsured, and retroceded, in an electronic format to share with their reinsurance partners.
Tom Freitas, CEO, TAI commented: “The digitisation of the reinsurance treaty data is a giant leap forward in solving a difficult problem that exists in the reinsurance ecosystem today.
“Over the course of my career, accessing treaty information has been time-consuming, expensive, and non-repeatable. As an industry we have only made incremental progress in addressing this gap, so I am extremely excited about this new product.
“TAI’s global team are experts at interpreting complex insurance and reinsurance treaties. It was rewarding to see SortSpoke’s artificial intelligence (AI) learn from their expertise to deliver faster results to customers.
“Our thanks to TAI’s leadership for seeing the potential of AI and for being at the forefront of applying it to the insurance industry.”
