Wilton Re has licensed the AdminServer System to administer its traditional reinsurance line of business. Established in 2004, Wilton Re was formed with a vision of implementing advanced technology for administration. Wilton Re wanted a vendor partner who could rapidly implement a flexible administration solution supporting ACORD XML data standards through a cost-effective outsourcing arrangement. While the AdminServer system has been widely implemented for administration of life and annuity products, Wilton Re represents the software company's first reinsurance client.

"As a result of the continued consolidation in the US life reinsurance industry, we recognized an opportunity to fill a growing need," said Enrico Treglia, senior vice president and chief operating officer at the reinsurer. "But, we also saw it as an opportunity to redefine the reinsurance process as we had the advantage of starting our operation with a blank page, unencumbered by legacy systems and inefficient business processes. Our goal was to streamline and automate the process as much as possible, including a good portion of the operation outsourced to trusted partners like AdminServer."

Andrew Wood, senior vice president and chief information officer, said the company had looked at reinsurance-specific solutions.

"Most were old technology and didn't provide the data standardization or the rules engine we were looking for. We were very impressed with the flexibility of the AdminServer system and its ability to be easily configured to support our reinsurance business."

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