It includes three main groups: Financial Accounting, Insurance Financial Management, and Reinsurance, covering the full scope of operations for non-life insurance companies.
FTS Insurance is organized into **three core functional groups**, covering all financial and operational activities of non-life insurance companies:
1. Financial Accounting
- Management of cash and bank deposits.
- Accounts receivable and payable.
- Fixed assets, tools and equipment, and financial investments.
- General ledger accounting and financial reporting.
2. Insurance Financial Management
Management of insurance contracts.
- Insurance Invoice Issuance
- Premium collection and claim payments.
Track of revenue, expenses, commissions, and claims.
Management of premium reserves and claim reserves.
Insurance certificate management.
3. Reinsurance Management
- Treaty and XOL contracts.
- Ceded and assumed reinsurance for various types: property, engineering, marine, cargo, life, and mixed.
- Allocation of MDP expenses, ceded premiums, and XOL claims.
This functional structure enables insurance companies to manage **centralized- interconnected - transparent**, meeting internal governance requirements and legal compliance.
