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Navigator Facultative from AdvantageGo
A facultative placement system that digitizes and automates the facultative reinsurance process. The platform offers workflow management, document generation, real-time status tracking, and reporting capabilities for facultative placements.
Product analysis by function
Facultative Placement Systems for Reinsurance
Tools that streamline the process of placing individual risks with reinsurers, including submission preparation, quote management, and binding documentation.
More Facultative Placement Systems
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Submission Management
(0 Yes /0 Known /14 Possible features)
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Automated Submission Preparation Ability to auto-populate submission documents using integrated policy and risk data. |
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Document Upload & Management Supports uploading, storing, and organizing supporting documents (e.g., risk engineering reports, schedules). |
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Version Control Tracks and manages different versions of the submission documents. |
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Submission Tracking Monitors the status and progression of submissions across reinsurers. |
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Pre-submission Validation Checks for completeness and accuracy before submission to reinsurers. |
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Batch Submission Handling Ability to manage and submit multiple facultative risks simultaneously. |
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Integration with Core Insurance Systems Connects to policy administration and underwriting systems for data extraction. |
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Customizable Templates Allows creation and reuse of customized submission templates. |
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Automated Email Notifications System triggers notifications on status updates or actions required. |
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Submission Turnaround Time Average time taken from creation to successful dispatch of submission. |
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Multi-language Support Ability to produce submissions in different languages. |
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Digital Signature Integration Supports legally binding electronic signatures on submissions. |
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Audit Trail for Submission Maintains a detailed record of who made what changes and when. |
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Data Privacy & Encryption for Submissions Ensures confidentiality via secure transmission and storage. |
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Quote Management
(0 Yes /0 Known /13 Possible features)
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Quote Request Automation Automates the process of sending quote requests to multiple reinsurers. |
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Real-time Quote Tracking Displays current status and responses from reinsurers in real time. |
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Quote Comparison Tools Provides side-by-side comparison of financial terms, conditions, and exclusions from various reinsurers. |
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Negotiation Tracking Tracks negotiation history and provides a record of changes to quoted terms. |
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Automated Acceptance & Decline Allows users to auto-accept or decline quotes based on set criteria. |
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Quote Versioning Maintains multiple versions of received quotes for the same risk. |
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Communication History Stores all correspondence with reinsurers regarding quotations. |
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Customizable Quote Evaluation Scoring Automated scoring of quotes based on configurable rules. |
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Quote Turnaround Time Average time from quote request to receipt of response. |
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Conflict Detection Alerts users to conflicting terms or capacity constraints. |
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Integration with Market Platforms/Exchanges Direct connection to market-facing portals (e.g., Lloyd's PPL, Whitespace). |
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Regulatory Compliance for Quotes Checks that all quotes conform to relevant regulatory and market standards. |
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Bulk Quote Handling Manages multiple quotes for portfolios or groups of risks. |
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Placement Binding & Documentation
(0 Yes /0 Known /11 Possible features)
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Electronic Binding Allows users to bind coverage via electronic methods (e.g., e-signature, e-approval). |
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Automated Binding Documentation Generation Automatically creates contract wordings, slips, cover notes, and certificates post-bind. |
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Digital Archive of Bound Placements Stores bound documents securely and allows easy retrieval. |
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Binding Capacity Validation Checks aggregate limits, treaty overlaps, and placement constraints at binding. |
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Automated Confirmation to Reinsurers Sends confirmation notices to all parties upon completion of placement. |
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Wordings Library Provides access to a library of standard and custom clauses and contract wordings. |
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Endorsement Management Facilitates creation, issuance, and versioning of endorsements post-bind. |
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Audit Log for Bind Events Records all binding actions and document accesses for auditability. |
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Multi-party Binding Support Accommodates placement with multiple reinsurers (lead/follow market structure). |
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Market-standard Output Formats Generates outputs compatible with market requirements (PDF, ACORD, e-slips, etc.). |
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Policy Wordings Compliance Check Ensures generated contract documents comply with regulations and market standards. |
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Workflow & Collaboration
(0 Yes /0 Known /10 Possible features)
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Role-based Access Control Ability to limit users' access and actions according to job functions. |
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Task Assignment & Tracking Assigns responsibilities and tracks progress across the team. |
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Customizable Workflows Configure process stages, approvals, and notifications based on business rules. |
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Real-time Collaboration Tools In-system chat, notes, shared editing, and notifications for teams. |
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Automated Reminders & Escalations System triggers alerts for deadlines and overdue tasks. |
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Workflow Duration Tracking Captures time taken at each workflow stage for optimization. |
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Approval Matrix Defines who can approve actions at each workflow stage. |
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Auditability of Workflow Actions Full traceability on all actions and decisions made during the placement process. |
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Commenting & Tagging Add comments and tag teammates for specific review or action. |
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Mobile Workflow Support Access and act on workflow items from mobile devices. |
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Integration & Interoperability
(0 Yes /0 Known /9 Possible features)
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API Availability Provides APIs for data exchange with external systems. |
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Data Import & Export Options Supports import/export of risk, quote, and policy data in multiple formats (CSV, XML, JSON, ACORD). |
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Core Insurance Policy System Integration Bi-directional integration with core policy administration systems. |
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Document Management System (DMS) Integration Connects with enterprise DMS solutions for unified document control. |
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Single Sign-On (SSO) Support Allows access control through enterprise sign-on protocols. |
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Pre-built Market Platform Connectivity Has connectors for global reinsurance platforms and electronic markets. |
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Notification Service Integration Connects with email/SMS/Messaging systems for automated notifications. |
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Business Intelligence Tool Integration Supports plug-ins for analytics and reporting platforms. |
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Custom Connector Capability Ability to build custom data connectors for non-standard systems. |
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Security & Compliance
(0 Yes /0 Known /8 Possible features)
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Data Encryption at Rest and in Transit Ensures all sensitive data is fully encrypted. |
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Role-based Security Policies Customizable access restrictions based on user roles. |
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Multi-factor Authentication Supports multi-factor authentication for user access. |
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Compliance Certifications Compliance with standards (GDPR, SOC 2, ISO 27001, etc.). |
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Secure Audit Logs Immutable logs for all system and data access events. |
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Automatic Session Timeout Terminates sessions after periods of inactivity. |
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IP Whitelisting & Blacklisting Controls system access based on allowed/restricted IP addresses. |
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Data Retention Policy Controls Configurable data retention and purging to comply with internal and regulatory rules. |
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Analytics & Reporting
(0 Yes /0 Known /7 Possible features)
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Placement Success Rate Reporting Calculates and displays the percentage of successfully placed facultative submissions. |
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Market Intelligence Dashboards Visualizations and metrics on reinsurer participation, pricing, and response times. |
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Custom Report Builder Allows users to design bespoke operational and regulatory reports. |
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Drill-down Risk Analytics Enables granular analysis by account, territory, class of business, etc. |
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Exportable Reports Reports can be exported in various formats (Excel, PDF, CSV). |
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Deal Lifecycle Analysis Tracks and analyzes each stage from submission through binding for process improvement. |
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Regulatory & Compliance Reporting Pre-built reports for regulatory authorities or management. |
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User Experience (UX) & Interface
(0 Yes /0 Known /7 Possible features)
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Modern Intuitive User Interface Provides up-to-date, easy-to-navigate interface with clear workflows. |
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Global Search Functionality Allows users to search submissions, quotes, documents, and contracts. |
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Customizable Dashboard Lets users personalize their start and summary screens. |
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Accessibility Compliance Meets accessibility requirements (WCAG 2.1, ADA, etc.). |
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Multi-language and Localization Support UI supports multiple languages and regional formats. |
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Mobile Responsiveness Optimized for use on tablets and smartphones. |
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Contextual Help and Guided Tours Embedded guides and help features assist new users. |
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Capacity & Performance
(0 Yes /0 Known /5 Possible features)
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Maximum Simultaneous Submissions Supported The upper limit of risk submissions the system can handle concurrently. |
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System Uptime Percentage of time the system is available. |
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Average Page Load Speed System response speed for end users. |
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Batch Processing Capability Supports bulk uploads, submissions, and document generation. |
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Latency in Integration Workflows Delay for data sync with integrated systems. |
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Market Connectivity
(0 Yes /0 Known /6 Possible features)
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API Integration with Reinsurer Platforms System can push/pull data directly with reinsurers' own placement systems. |
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Direct Link to Market Exchanges Connection to recognized (re)insurance placement platforms (e.g., PPL, Whitespace, Ruschlikon). |
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Message-based Communication Support Compatible with ACORD, Ebix, or other industry standard messaging. |
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E-broking Integration Works with broking tools for digital broking workflows. |
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Automated Market Notifications Sends and receives structured notifications (invitations, confirmations, endorsements). |
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Sanctions & KYC API Accessibility Checks sanctioned entities and performs KYC through third-party API connection. |
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Support & Configuration
(0 Yes /0 Known /7 Possible features)
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Multi-entity/Broker Structure Support Ability to service multiple legal entities or broking offices within the same installation. |
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Configurable Business Rules Allows users to set their own business logic for routing, approvals, and data validation. |
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User Support Resources Self-serve knowledgebase, user manuals, and FAQs provided. |
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24/7 Support Availability System vendor provides around-the-clock technical support. |
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Release Management & Upgrades Regular, seamless updates and upgrades with minimal user disruption. |
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Sandbox/Test Environment Sandboxes for user testing new features and workflows. |
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Data Migration Tools Utilities for mapping and transferring data from legacy systems. |
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