Cession Reconciliation
Every bordereau and account matched to treaty terms, every difference explained before settlement.
Why it matters
Quarterly accounts and bordereaux arrive in every format; accountants check totals, not risks, and wrong shares, commissions and premium errors carry forward.
How the solution handles it
Agents read each bordereau and account, apply treaty shares, commissions and limits risk by risk, recalculate the cession, explain every difference and draft the settlement note. The reinsurance accountant approves settlement.
How an account moves
Five agents read, apply treaty terms, recalculate, explain differences and draft the note; a reinsurance accountant approves settlement.
What it reads, and what it hands back.
What goes in
- Premium and claims bordereaux
- Technical accounts and statements
- Treaty terms and shares
- Policy and claims system extracts
What comes out
- Reconciled account
- Difference list with reasons
- Settlement note draft
- Aged balances
Who uses it
The difference, in numbers.
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
“Target” = design goal, measured in the live solution · “Estimated” = our estimate · by-hand time from an 8-hour working day · agents = the live solution’s configuration
5 specialist agents. One person decides.
More in this division.
Every renewal submission read and summarised, loss data rebuilt and gaps flagged in hours, not weeks.
Facultative ReviewEvery facultative offer read against the underlying policy and guidelines, with a cited view in an hour.
Wording AbstractionEvery treaty wording turned into a cited abstract of limits and exclusions, checked against the slip.
Build this
for your team.
We’ll show Cession Reconciliation running on your own documents.