Guidewire Accounting Management from Guidewire Software

Designed specifically for non-life insurers, this product streamlines the entire financial management process. Features include accurate financial reporting, regulatory compliance, integration with underwriting and claims management, and enhanced visibility into financial performance.

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Product analysis by function

Reinsurance Accounting Solutions for Reinsurance

Applications that manage complex financial transactions between insurers and reinsurers, including premium payments, loss recoveries, and commissions.
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Core Transaction Processing
(0 Yes /0 Known /10 Possible features)

Contract Management
(0 Yes /0 Known /10 Possible features)

Data Integration and Interoperability
(0 Yes /0 Known /10 Possible features)

Accounting & Reporting
(0 Yes /0 Known /10 Possible features)

Claims & Settlements Management
(0 Yes /0 Known /10 Possible features)

Security & Compliance
(0 Yes /0 Known /10 Possible features)

Automation & Workflow
(0 Yes /0 Known /10 Possible features)

Analytics & Business Intelligence
(0 Yes /0 Known /10 Possible features)

User Experience & Usability
(0 Yes /0 Known /10 Possible features)

Customer Support & Vendor Services
(0 Yes /0 Known /10 Possible features)

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Premium Booking Ability to record and process ceded and assumed reinsurance premiums.		No information available
Loss Recovery Processing Processes recoveries from reinsurers for ceded losses.		No information available
Commission Management Calculates, accrues, and manages different types of reinsurance commissions.		No information available
Retrocession Transactions Supports booking and management of transactions with retrocessionaires.		No information available
Batch Transaction Processing Processes high volumes of transactions in batch mode.		No information available
Transaction Reversal Allows reversing or correcting posted transactions.		No information available
Currency Handling Supports multi-currency transactions and conversions.		No information available
Automated Settlement Automates the settlement process for premium and claim payments.		No information available
Unallocated Cash Processing Ability to manage receipts pending allocation to specific contracts or accounts.		No information available
Capacity Maximum number of transactions processed per minute.		No information available

Contract Setup Wizard Guided process to create new contracts with all required parameters.		No information available
Support for All Contract Types Handles facultative, treaty, proportional, and non-proportional contracts.		No information available
Clause Management Captures and manages specific contract clauses and endorsements.		No information available
Layered Structure Support Enables configuration of layered or multi-level treaties.		No information available
Contract Versioning Tracks contract amendments and history over time.		No information available
Attachment & Detachment Points Captures threshold and limit definitions for contracts.		No information available
Automated Expiry Tracking Alerts on contract expiry or renewal deadlines.		No information available
Counterparty Management Manages information and terms related to cedants, brokers, and reinsurers.		No information available
Linked Contract References Ability to reference retrocession or related contracts.		No information available
Contracts Supported Total number of concurrent contracts the system can manage.		No information available

APIs for Data Exchange Provides REST/SOAP APIs for smooth data interchange.		No information available
Core System Integration Seamlessly connects with policy administration and claims systems.		No information available
General Ledger Mapping Automates mapping of reinsurance transactions to general ledger accounts.		No information available
Broker System Compatibility Allows integration with broker portals and systems.		No information available
Data Import/Export Enables bulk data upload and extraction in multiple formats (CSV, XML, JSON, etc).		No information available
Real-Time Data Sync Supports real-time synchronization with other financial and operational systems.		No information available
Automated Data Validation Performs checks on data imports to detect errors and inconsistencies.		No information available
Document Management Integration Links documents, contracts, and correspondence with transactions.		No information available
Third-party Data Feeds Imports market rates and external reference data automatically.		No information available
Integration Speed Average time to sync core data feeds.		No information available

Sub-ledger Accounting Maintains sub-ledgers for premiums, losses, commissions, etc.		No information available
Automated Accruals Automates calculation and posting of accruals for future obligations.		No information available
Reconciliation Tools Enables reconciliation of system balances with external systems.		No information available
Standardized & Customizable Reporting Provides a library of standard reports and tools to build custom reports.		No information available
Financial Statement Generation Creates GAAP, IFRS, and statutory financial statements.		No information available
Aging Reports Tracks overdue balances for receivables and payables.		No information available
Audit Trail Captures a complete record of all accounting entries and modifications.		No information available
Automated Journal Creation Automatically generates journal entries from transactions.		No information available
Currency Translation Reporting Provides translated reports by currency for multi-national operations.		No information available
Report Generation Speed Average time to generate a standard accounting report.		No information available

Automated Claims Notification Notifies relevant parties when a claim is recoverable under reinsurance.		No information available
Claim Recovery Calculation Automatically calculates recoverable amounts and shares by reinsurer.		No information available
Large Loss Tracking Monitors high-value or CAT event claims and recovery status.		No information available
Partial & Installment Settlements Handles claims settled in parts or through payment plans.		No information available
Salvage and Subrogation Tracking Supports accounting for salvage and subrogation recoveries.		No information available
Interest and Penalty Calculation Automatically calculates penalties or interest for late settlements.		No information available
Subrogation Sharing Automatically shares subrogation recovery among participants.		No information available
Event Aggregation Aggregates claims for event-based or CAT treaties.		No information available
Claims Settlement Capacity Maximum number of claim settlements processed per hour.		No information available
Disputed Claim Handling Manages workflows for claim disputes and negotiation with partners.		No information available

Role-Based Access Control Restricts access to functions and data by user role.		No information available
Audit Logging Maintains detailed audit logs of all user and system actions.		No information available
Data Encryption Uses encryption for data at rest and in transit.		No information available
Regulatory Reporting Compliance Supports SFCR, NAIC, Solvency II, IFRS 17 and other reporting standards.		No information available
User Authentication Methods Enables SSO, MFA, and other secure login technologies.		No information available
Data Masking Masks PII in screens and reports as required.		No information available
Automated Compliance Checks Performs ongoing compliance checks as per rules.		No information available
Disaster Recovery Capabilities Supports high-availability and system failover.		No information available
GDPR/CCPA Support Includes tools to comply with data privacy laws.		No information available
Audit Retention Period Number of years audit logs are retained.		No information available

Automated Notification Engine Sends automated alerts/reminders to users for due actions.		No information available
Custom Workflow Builder Allows customization and automation of common business processes.		No information available
Task Assignment & Escalation Assigns tasks and auto-escalates uncompleted tasks.		No information available
Bulk Action Processing Performs actions on groups of similar transactions at once.		No information available
Template Library Provides standard templates for documents and emails.		No information available
Business Rule Automation Automates steps based on user-defined rules.		No information available
Approval Routing Routes items for approval according to workflow maps.		No information available
Integration with Communication Tools Connects with email and chat for notifications and workflow actions.		No information available
Process Throughput Average number of workflow tasks completed per hour.		No information available
Scheduled Task Automation Runs routine jobs (e.g., nightly settlements) based on schedules.		No information available

Dashboards Interactive dashboards for real-time monitoring of KPIs.		No information available
Portfolio Performance Analytics Analyzes contract, treaty, or portfolio-level financial performance.		No information available
Claims and Loss Analysis Generates insights on loss ratios, claim frequencies, severities, etc.		No information available
Counterparty Exposure Analysis Assesses exposure to reinsurers/retrocessionaires by metrics.		No information available
Predictive Modeling Supports predictive models (e.g., cash flow forecasts, reserve adequacy).		No information available
Export to BI Tools Allows export of data to tools like Power BI, Tableau.		No information available
Scenario & What-If Analysis Enables modeling of alternative portfolio or treaty outcomes.		No information available
Automated Alerts on KPIs Creates configurable alerts on critical analytics metrics.		No information available
Drilldown Capabilities Provides detailed transaction-level drilldowns from dashboards.		No information available
Analytics Query Speed Response time for typical ad hoc analytics queries.		No information available

Modern User Interface Provides intuitive, clean, and responsive web-based UI.		No information available
Customizable Dashboards Allows users to configure their homepage/widgets.		No information available
Search and Retrieval Tools Advanced filters and queries for quick record retrieval.		No information available
Contextual Help & Documentation Built-in help, wizards, and guidance for users.		No information available
Accessibility Compliance Meets accessibility standards (WCAG, Section 508, etc.).		No information available
Localization/Language Support Supports multiple languages and localizations.		No information available
Mobile Device Compatibility Optimized for use on tablets and smartphones.		No information available
Personalized Settings Users can personalize notifications and data views.		No information available
Minimal Clicks Navigation Average number of clicks to complete a key task.		No information available
Bulk Entry/Edit Tools Allows user to edit or add multiple records at once.		No information available

24/7 Support Availability Round-the-clock support for urgent issues.		No information available
Dedicated Account Manager Assigned manager for ongoing relationship and escalations.		No information available
Implementation Services Vendor assistance for project implementation and migration.		No information available
Training Resources Access to user guides, training materials, and webinars.		No information available
Regular Feature Updates Ongoing product enhancements and patching.		No information available
User Community Forum Online forum for peer-to-peer support and idea sharing.		No information available
Service Level Agreements (SLAs) Formalized commitments to uptime and support response times.		No information available
Customization Services Ability to deliver software customizations as per client needs.		No information available
Customer Satisfaction Rating Average customer satisfaction score with vendor services.		No information available
On-site Support Availability Can provide in-person, on-premise support as required.		No information available

Guidewire Accounting Management from Guidewire Software

Product analysis by function

Reinsurance Accounting Solutions for Reinsurance

Core Transaction Processing (0 Yes /0 Known /10 Possible features)

Contract Management (0 Yes /0 Known /10 Possible features)

Data Integration and Interoperability (0 Yes /0 Known /10 Possible features)

Accounting & Reporting (0 Yes /0 Known /10 Possible features)

Claims & Settlements Management (0 Yes /0 Known /10 Possible features)

Security & Compliance (0 Yes /0 Known /10 Possible features)

Automation & Workflow (0 Yes /0 Known /10 Possible features)

Analytics & Business Intelligence (0 Yes /0 Known /10 Possible features)

User Experience & Usability (0 Yes /0 Known /10 Possible features)

Customer Support & Vendor Services (0 Yes /0 Known /10 Possible features)