The Reinsurance Module puts you in the driver’s seat to manage your capacity provider contracts. Developed by insurance professionals, the Reinsurance Module makes relationship management easy for insurance companies, mutuals, MGAs and brokers with programs. Improve your workflows, increase efficiency, and easily manage contracts and capacity.
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Key Features & Functionality
Simplify your reinsurance management and oversee your obligations with ease and precision.
Comprehensive Contract and Relationship Management
- Keep track of contact information for all insurers and reinsurers
- Have a record of all documentation of agreement parties, dates, and numbers
- Set commission parameters
- Set aggregate limits using product, province and configurable zones or tiers
Capacity Assignment
- Assign capacity using configurable algorithms or manually, ensuring flexibility and control
- Optimize capacity allocation to meet your specific needs
- Assign by coverage for all policy life cycle transactions
- System-level adherence to contract terms and aggregate limits
- Assignment for subscription documentation and associated wordings
- Ability to manage non-lead subscription policies including document suppression
Real-Time Data and Reporting
- Track all reinsurance, policy and claims lifecycle transactions
- Premium payable to reinsurers with reconciliation of payments
- Customized reporting by capacity provider and product
- Lloyds Lineage compatible
- Capture extensive information for reinsurance reporting and data analytics
Benefits of The Reinsurance Module
The Reinsurance Module allows brokers with programs, insurance companies, mutuals and MGAs to manage and assign capacity and reinsurance contracts. The benefits of choosing of choosing Modular Solutions are:
Affordable Yet Powerful
A cost-effective solution that delivers exceptional functionality and user experience.
Improved Efficiency
With automation and simplicity, you can improve your team’s efficiency and reduce overhead costs.
Scalability & Flexibility
Our solutions grow with you and are completely customizable to fit your unique requirements and workflows.
Designed by Insurance Experts
Benefit from cutting-edge technology designed specifically for the industry by insurance professionals. We understand the industry’s nuances and challenges and developed software that solved these problems.
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Leverage Integrations with the Solutions Exchange
Enhance your capabilities through our Solutions Exchange, where third party API integrations offer seamless additional functionality.
Learn more about the Solutions Exchange here >
Frequently Asked Questions About the Reinsurance Module
Here are some answers for the most frequently asked questions we’ve received about our Reinsurance module.
How does the Reinsurance Module help my business?
The module helps carriers, mutuals, MGAs and brokers with programs manage their relationships and capacity. It seamlessly integrates with our other modules to manage capacity and aggregate limits.
It enhances your efficiency, improves competitiveness, and provides scalability and flexibility to adapt to your individual business needs.
Is there real-time transaction tracking?
Yes, the Reinsurance Module has real-time tracking for reinsurance transactions.
How does the software handle capacity assignment?
You can assign capacity manually or using configurable algorithms, whichever you prefer.