Ritablock

The goal of Ritablock is to integrate each participant's reinsurance accounting system for an easy sending and receiving of reinsurance technical accounts and claims information. Ritablock offers: - Direct bilateral exchange of accounts with all partners involved via „Blockchain“, - Avoidance of media breaks and manual processes at the recipient´s and sender's side, - Exchange of structured data and attachments (e.g. PDF) between sender and recipient, - Direct integration with your own reinsurance system and automated posting, - Mapping of necessary business logic in Ritablock, - Process monitoring in Ritablock, - Development of a "self-learning" standard of the mappings. Ritablock revolutionizes the process of reinsurance accounting with the use of blockchain technology in the form of a "distributed ledger". Accounting data is securely, quickly and efficiently exchanged and verified. In addition to the transfer of data, Ritablock also contains business logic in order to carry out additional necessary transformations of the data structures and mappings of the field contents between the sender and the recipient. Various actual reinsurance systems (like ProRis, RAIS, SAP FS-RI, SICS, etc.) can be connected to Ritablock through simple integration. The reinsurance systems ProRis provides a direct integration of the Reinsurance Accounting Blockchain Ritablock, which is available to all ProRis customers after the delivery of the latest ProRis release. For the connection of SAP FS-RI corresponding add on's (User Exits) are available. However, all market participants - irrespective of their reinsurance system - can use the Ritablock network to exchange their reinsurance accounts and connect Ritablock to their own software solution.