Reinsurtech – Maksure Enhances IT software

Maksure Risk Solutions has successfully completed an eighteen months information technology project that integrated it’s retail and reinsurance softwares. The project was ground breaking as it brought ‘the best of both worlds’ for the common cause of managing both the retail and reinsurance business more efficiently. The new system, dubbed, Maksys is believed to redefine the administration of reinsurance business into the future as it has managed to extract inefficiencies associated with managing facultative reinsurance placement.

The enhanced system brings the capability of the retail system that is able to handle volumes of micro transactions while taking advantage of a well-orchestrated accounting capability drawn from the reinsurance platform. This unique capability positions Maksure Risk Solutions to be able to provide exceptional service in the facultative and treaty markets.

“We believe our enhanced state-of-the-art system will bring tangible gains in terms of efficiency to our clients and partners” said Mr. Simba Makwembere, Managing Director at Maksure Risk Solutions. We believe that our enhanced system will further strengthen our leading position as best administration and technical accounting team in the region, he added.

The system provides an end to end administration platform for reinsurance business and has the following functionality:

  • Contract management module
  • Claims management module
  • Technical management module
  • Statistics module
  • Reports module

For more information regarding our services and capability, contact our Chief Operating Officer, Mr Knighty Mawere at +27 11 805 0086.

About Maksure Risk Solutions

Maksure Risk Solutions is an Afro-Global independent specialist insurance and reinsurance broker with business footprint in Africa, Asia, East & Western Europe, South America and the Caribbean. We provide innovative and tailor-made risk solutions in Insurance and Reinsurance as well as Risk Financing and Actuarial Consulting geared towards capital management and strengthening our client’s balance sheet. Maksure is also one of the major players in Captive Management (Establishment & Management) in South Africa, Mauritius, Bermuda and various other jurisdictions. We are have access into the Lloyds of London with a deep understanding of African markets. Our global nature ensures that our clients access quality capacity as well as some of the world’s latest thinking and solutions.