CATEX Releases Pivot Point 2.0 Reinsurance and Insurance Transaction System Platform

The Catastrophe Risk Exchange, Inc. (CATEX, Princeton, N.J./London) today announced the release of its Pivot Point 2.0 Reinsurance and Insurance Transaction System platform, which features a .NET upgrade of the entire Web-based software platform, as well as the introduction of client/market extranet functionality enabling a firm's trading partners to access their business data over the Internet. The Pivot Point 2.0 upgrade will support all of the existing Web-based Pivot Point 1.0 systems (Pivot Point Broker; Pivot Point Agency; and Pivot Point Risk-Bearer). According to the vendor, CATEX has targeted many of its Pivot Point 2.0 improvements at a range of front-office placement functions, including marketing and CRM; streamlined exposure data capture; pre-binder revenue projections, and specialized quotation and firm order placement forms. The Microsoft .NET technology now allows each company to code its own system front-end for integration into the client services portal of its Web site.

To meet the reporting needs of system users, Pivot Point 2.0 will continue to link directly to the Pivot Point Mosaic reporting service, which includes a suite of data cubes spanning every major module of the Pivot Point system. A company may utilize Pivot Point 2.0 .Net by direct license; accessed as a service via the Internet; or used on a transactional basis via the CATEX Global Exchange.

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio