ier 2 Consulting announced today that Munich Re’s UKLB, a branch of the world’s largest reinsurer, is using the ARENA Document Control solution to power their XENA Treaty Documentation System. XENA integrates ARENA with Exari’s InsuranceAccelerator™ to enable various departments to capture and input their requirements for the contract allowing the Treaty Documentation team to complete the first draft in a fraction of the time.

Post execution contract changes are also automated. The software makes valuable contract data available enabling reports that summarize exactly which parts of the main treaty have changed. If a claim arises, everyone is aware of what clauses are relevant and can evaluate their impact.

Sigi Kammerer, Head of Claims and Treaty Documentation at Munich Re UKLB said, “Not only is it much faster and safer to create these Treaty documents with XENA, there are other benefits as well. We have full version control and an audit trail, which is very important with such complex insurance documents. In the future, we plan to expand XENA to include Underwriting and Claims Authorities Documents as well as Non Disclosure Agreements. And we are pleased that other areas across the company have expressed their interest in using the system.”

“We are delighted that Munich Re has chosen ARENA as the controlling application for the production of treaty documentation. They are taking full advantage of the integration of ARENA with Exari’s document assembly engine, to provide enhanced document authorship, control, audit and reporting capabilities.”

About ARENA
ARENA is a unique, ‘out-of-the-box’ standards-based document control application that facilitates the creation, authoring, review, approval, publishing, distribution and management of any type of document.

ARENA delivers enterprise class in-built compliance so that even the smallest company can benefit from controlling their documents electronically and no longer need to rely on manually intensive methods to manage risk and maintain compliant procedures.

About Tier 2 Consulting
Tier 2 Consulting is a dedicated team of experienced, highly skilled developers creating bespoke web applications for some of the world’s most demanding businesses and academic institutions.

Via EPR Network
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