The Pivot Point system will allow a re-insurer to manage their entire placement, contract, claims, premium and accounting functions on line in a real time environment. The system will also provide real time management information tools that permit a risk bearer to instantly review experience information and other data for specific clients or by specific location.
Frank Fortunato, CEO of Catastrophe Risk Exchange, said: The combination of processes handled by the web-based Pivot Point system gives RLI Re a lead over others who are forced to gather data from multiple non-web based systems-immediacy always is an advantage for an underwriter.
