TAI (Tindall Associates, Inc.), the leading provider of reinsurance administration software in North America, announced that it has closed a deal with Momentum to provide TAI’s platform to power the company’s reinsurance administration programme. This is the company’s second client in South Africa and marks another step in the company’s expansion into the global insurance market.
For more than 30 years, TAI has served the life insurance industry specialising in reinsurance administration software. The company has grown to be the market leader providing software and reinsurance service solutions for more than 115 clients worldwide, consisting of some of the world’s largest life insurance and reinsurance brands. Through the TAI platform, clients can administer and self-report all reinsurance business, both ceded, reinsured and retroceded, in an electronic format to share with their reinsurance partners.
“One of the core pillars to TAI’s long term strategy is international growth for selected markets worldwide. We are proud to add Momentum, one of the top life insurers in South Africa, to our growing client list,” said Tom Freitas, CEO, TAI. “We are eager to continue to work with clients in South Africa and around the world to bring them access to an administrative platform that automates manual processes, improves reporting accuracy, and ultimately generates administrative efficiencies.”
“Momentum is excited about the expertise and efficiencies that this partnership will enable to optimise the execution of our reinsurance strategy and administration capability,” said Joretha Bothma, Head of Business Integration, Momentum Retail.
TAI is part of the RGAX family of companies, which includes a comprehensive suite of solutions for the global insurance and reinsurance sector.
For more information about TAI, visit www.taire.com.