Reinsurance Recoveries
Every paid loss checked for a recovery, billed with its proof, and chased well before 90 days.
Why it matters
Recoveries depend on someone spotting which treaties respond; losses across layers and events are missed, bills go out without proof and balances age past 90 days.
How the solution handles it
Agents read paid losses, match each to the treaties and fac that respond, calculate recoveries after retentions and limits, build a cited proof pack, draft the bill and track every balance to collection. The ceded reinsurance manager approves every billing.
How a recovery moves
Six agents read losses, match treaties, calculate, build proof, draft notices and chase balances; a ceded reinsurance manager approves every billing.
What it reads, and what it hands back.
What goes in
- Paid loss and reserve data
- Treaty and fac contracts
- Claim files and adjuster reports
- Reinsurer statements and remittances
What comes out
- Recovery bill with proof pack
- Treaties responding per loss
- Aged and disputed balances
- Collection notes
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 median
Context: NAIC Schedule F applies a provision to recoverables more than 90 days overdue · “Target” = design goal, measured in the live solution · agents = the live solution’s configuration
6 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.
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