The Prevail Reinsurance System fully automates the management of reinsurance data for insurance and reinsurance companies. It accepts premium and loss data from external systems, calculates ceded data, creates payables and receivables and statutory reports, and then returns this data to the original systems, utilizing the Prevail Cession Web Service, XML or FTP. Built on state-of-the-art web technology, it can be accessed from anywhere in the world. And it’s rules-based, table-driven architecture allows rapid and simple implementation of new and existing reinsurance contracts. In addition to the Hosted Solution, Prevail continues to offer the Prevail Reinsurance System through its standard software licensing and services model.

According to Nat Curiale, Executive Vice President of Prevail, “Our solution has always provided scalability of reinsurance requirements, transaction volumes and physical locations. We have now added another layer of scalability to accommodate any company size, cognizant of infrastructure and IT costs.”

The launch of the Prevail Reinsurance System Hosted Solution is a further milestone in the company’s strategy for making its Prevail Reinsurance System recognized in the industry as the best in its class for robust functionality, quick implementation, infrastructure flexibility and cost-effectiveness.

About Prevail:
Since 2000, Prevail has been providing reliable and innovative technology services exclusively to the insurance industry; it is clearly recognized by its clients for business expertise, commitment, and ability to deliver quality work products in a cost-effective manner, no matter how complex the requirement. In addition to The Prevail Reinsurance System, Prevail delivers Application Development and Maintenance Support; Technical Support for leading Insurance Software Products; Business Analysis; Independent Quality Testing; Data Migration and Integration; P&C Insurance Systems Assessment; and Business Process Outsourcing.

For more information, contact Ms. Pilar Hoyos at: 203-972-7449; or email: phoyos@prevailconsulting.com; web site: www.prevailconsulting.com – or come visit Prevail at the June 5-8, 2011 IASA Conference in Nashville, Tennessee, booth #923.

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News Source: Prevail Consulting, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

“The installation of the Prevail Reinsurance System assures Triple-S a state-of-the-art solution and the efficient streamlining of our reinsurance operations,” said Rinaldo Perez Zayas, Vice President, Information Technology, Triple-S Propiedad, Inc. “This strategic implementation allows our Information Technology Organization to focus its resources on the unique needs of our valued customers going forward.”

“At Triple-S Propiedad, we are dedicated to the benefit of our policyholders. And, it is essential that we possess the tools that allow us to serve most efficiently,” said Eva Salgado, President and CEO of Triple-S Propiedad, Inc. “We selected the Prevail Reinsurance System after reviewing of a number of reinsurance solution alternatives and based on Prevail’s proven track record of delivering technology solutions and services to Triple-S.”

The Prevail Reinsurance System fully automates the management of reinsurance data for insurance and reinsurance companies. It accepts premium and loss data from external systems, calculates ceded data, creates payables and receivables and statutory reports, and then returns this data to the original systems. Built on state-of-the-art web technology, it can be accessed from anywhere in the world. It is a robust rules-based, table-driven product which provides immediate savings by significantly increasing efficiency, improving information access and reducing total cost of ownership.

About Triple-S Propiedad:
Triple-S Propiedad, Inc. provides property and casualty insurance products and services. The company was founded in 1987 and is based in Caparra Heights, Puerto Rico. Triple-S Propiedad, Inc. operates as a subsidiary of Triple-S Management Corporation.

About Prevail:
Since 2000, Prevail has been providing reliable and innovative technology services exclusively to the insurance industry; it is clearly recognized by its clients for business expertise, commitment, and ability to deliver quality work products in a cost-effective manner, no matter how complex the requirement. In addition to The Prevail Reinsurance System, Prevail delivers Application Development and Maintenance Support; Technical Support for leading Insurance Software Products; Business Analysis; Independent Quality Testing; Data Migration and Integration; P&C Insurance System Assessment; and Business Process Outsourcing.

For more information, contact Ms. Pilar Hoyos at: 203-972-7449; or email: phoyos@prevailconsulting.com or the web site: www.prevailconsulting.com .

News Source: Prevail Consulting, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .