TAI Launches First-of-its-Kind Digitization Offering, TAI Treaty, Transforming Reinsurance Treaty Management for Life Insurer...
June 30 2021 - 09:00AM
Business Wire
TAI (Tindall Associates, Inc.), a leading provider of
reinsurance administration software and services, today announced
the launch of TAI Treaty, a revolutionary digital solution for
treaty management. TAI Treaty leverages SortSpoke, a breakthrough
data extraction technology that uses machine learning to turn
documents into data.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210630005343/en/
TAI Logo
TAI Treaty is a unique offering not currently available anywhere
in the market that will allow life insurers and reinsurers to
effortlessly digitize, store, search, and export key treaty data.
TAI Treaty produces a data warehouse containing all treaties,
amendments, and related documents, and provides search
functionality to easily navigate and export information.
“The digitization of the reinsurance treaty data is a giant leap
forward in solving a difficult problem that exists in the
reinsurance ecosystem today,” said Tom Freitas, CEO, TAI. “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,” said Jasper Li, CEO, SortSpoke. “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.”
For nearly 40 years, TAI has served the life insurance industry
specializing in reinsurance administration software and, more
recently, adding reinsurance services to expand their suite of
offerings. 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.
TAI is part of the RGAX family of companies, which includes a
comprehensive suite of solutions for the global insurance and
reinsurance sector.
For more information about TAI, visit www.taire.com.
About TAI
TAI is the market leader in life reinsurance systems in North
America with clients in the United States, Bermuda, the Caribbean,
United Kingdom, South Africa, and Hong Kong. TAI is focused on
simplifying reinsurance administration through software and service
solutions. TAI Software automates reinsurance administration for
life, annuity and longevity business and TAI Services helps
identify and solve areas of reinsurance risk. Over 90% of the top
insurers in North America, by life face amount issued, trust TAI
software for their life reinsurance administration.
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version on businesswire.com: https://www.businesswire.com/news/home/20210630005343/en/
Lizzie Curry Director, Public Relations 636-736-8521
lizzie.curry@rgare.com
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