Customization and implementation of ETASS for coinsurance business

Under the guidance of IRDA GI Council is in the process of customization of ETASS (electronic transaction administration and settlement system) for the general insurance industry. Initially the system will cover one line of business and based on the experience the system will be expanded to all lines of business as well will cover reinsurance and brokers modules. The insurance industry and end customers will benefit from the system as it will facilitate timely and accurate settlement of accounts.