Reinsurance
The Reinsurance module enables comprehensive management of reinsured risks across non-life lines of business. It can operate as an integrated part of AdInsure or serve as the foundation for a standalone reinsurance solution that integrates seamlessly with existing systems.
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Standardized and flexible reinsurance
Reinsurance module functionality allows you to define and manage maximum retention limits, manage reinsurance treaties and facultative contracts, identify, and allocate reinsurance risk, report premiums and claims in bordereaux and manage accounts.
The platform’s comprehensive flexibility allows you to use the out-of-the-box reinsurance management functionality or adapt it to your specific needs.
The Reinsurance module is tightly integrated with other AdInsure modules (Party and Organisation, Sales and Policy management, Claims, Accounting, etc.) leveraging them as a source for its reinsurance processes.
Key features
Reinsurance contracts
Support for proportional and non-proportional treaties and facultative placements, with the ability to create various contract types including quota share, surplus, excess of loss, catastrophe XL, and stop loss. Provides flexible management of participants (Reinsurers and Brokers) within each reinsurance contract.
Maximum retention limit (MRL) definition
Coverage level underwriting limits based on insurance class and other rules are used to verify that available capacity, including outward reinsurance, is sufficient during the quote underwriting process.
Risk identification and allocation
Risk attaching and loss occurring reinsurance bases are supported across quote and policy creation and claim registration.
Reinsured claims allocation and management
Claims to be reinsured are linked to the reinsured risks and displayed with the corresponding reinsurance data.
Automatic determination of reinsurance adequacy
Automatic assessment of the sufficiency of existing treaty protection and detection of situations where further reinsurance is needed, either through facultative placement or special accept.
Bordereaux management
Configurable templates for premium, UPR, and claim reporting for both RBNS and settled claims. Supports reinsurance contract adjustments, including adjustment premiums, reinstatement premiums, and profit commission.