Mitsui Goes Live with Ceded Reinsurance Platform

Wikifri provides key assistance in overall program success

[Alpharetta, GA]: Wikifri, a consulting firm helping organizations innovate in the insurance space, announced today that Mitsui Sumitomo Insurance Group (MSIG) has gone live with a ceded reinsurance system that Wikifri played a key role in helping to implement.

Wikifri partnered with MSIG to help with the ceded reinsurance system deployment. Wikifri provided a team of reinsurance subject-matter-experts to program manage, provide business analyst support and data conversion expertise alongside MSIG’s internal Finance and IT teams and their chosen software vendor. The new ceded reinsurance platform recently went live after successful implementation. The blended team of MSIG, Wikifri and the software vendor worked well together throughout the process to reach this key milestone.

“We are excited about the launch of the ceded reinsurance platform. Wikifri’s project leadership and reinsurance subject-matter expertise were invaluable to the success of the implementation. The partnership with Wikifri was a win-win for everyone involved.” said Director of Reinsurance, Rob Bennett. “Their business knowledge and project experience added depth to our team at a time when resource constraints were one of the biggest risks of the program.”

The project has created operational efficiencies and enables better access to timely data within MSIG’s ceded reinsurance functions.

“We always appreciate being in the right place at the right time for our clients” said Bill Freitag of Wikifri. “It is our goal to be in the unique position to understand the client’s business needs and technology plans so we can help them execute and realize the benefits of a transformational program.”

About Mitsui Sumitomo Insurance Group

MSIG insurers are part of a global network of operations and are members of the MS&AD Insurance Group, which is considered among the world’s top property and casualty insurance organizations. MSIG specializes in providing commercial property and casualty insurance products to its customers in the United States. MSIG also offers risk management services consisting of risk engineering and claims administration and rehabilitation services. MSIG insurers are Mitsui Sumitomo Insurance Company of America; Mitsui Sumitomo Insurance USA Inc.; and MSIG Specialty Insurance USA Inc. Not all insurers do business in all jurisdictions.

About Wikifri:

Wikifri is a nimble, aggressive consulting firm, focused on improving our clients’ businesses by bringing together deep insurance industry experience and the flexibility to build partnership-based engagement teams with high level technology expertise.

Our firm’s commitment to client success is demonstrated by our seasoned professionals’ industry experience, knowledge of the technology and insurance industry landscapes, and a long history of successful projects.

Wikifri is committed to helping clients stay at the forefront of rapid industry changes by assisting them in the development of new markets and creating new efficiencies and capabilities for their organizations.