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Acturis Reinsurance from Acturis
Cloud-based reinsurance module integrated with the Acturis SaaS platform. Manages treaties, processes premium and claims automatically, handles reporting and bordereau creation, and supports both proportional and non-proportional reinsurance.
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)
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Premium Booking Ability to record and process ceded and assumed reinsurance premiums. |
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Loss Recovery Processing Processes recoveries from reinsurers for ceded losses. |
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Commission Management Calculates, accrues, and manages different types of reinsurance commissions. |
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Retrocession Transactions Supports booking and management of transactions with retrocessionaires. |
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Batch Transaction Processing Processes high volumes of transactions in batch mode. |
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Transaction Reversal Allows reversing or correcting posted transactions. |
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Currency Handling Supports multi-currency transactions and conversions. |
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Automated Settlement Automates the settlement process for premium and claim payments. |
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Unallocated Cash Processing Ability to manage receipts pending allocation to specific contracts or accounts. |
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Capacity Maximum number of transactions processed per minute. |
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Contract Management
(0 Yes /0 Known /10 Possible features)
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Contract Setup Wizard Guided process to create new contracts with all required parameters. |
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Support for All Contract Types Handles facultative, treaty, proportional, and non-proportional contracts. |
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Clause Management Captures and manages specific contract clauses and endorsements. |
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Layered Structure Support Enables configuration of layered or multi-level treaties. |
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Contract Versioning Tracks contract amendments and history over time. |
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Attachment & Detachment Points Captures threshold and limit definitions for contracts. |
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Automated Expiry Tracking Alerts on contract expiry or renewal deadlines. |
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Counterparty Management Manages information and terms related to cedants, brokers, and reinsurers. |
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Linked Contract References Ability to reference retrocession or related contracts. |
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Contracts Supported Total number of concurrent contracts the system can manage. |
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Data Integration and Interoperability
(0 Yes /0 Known /10 Possible features)
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APIs for Data Exchange Provides REST/SOAP APIs for smooth data interchange. |
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Core System Integration Seamlessly connects with policy administration and claims systems. |
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General Ledger Mapping Automates mapping of reinsurance transactions to general ledger accounts. |
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Broker System Compatibility Allows integration with broker portals and systems. |
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Data Import/Export Enables bulk data upload and extraction in multiple formats (CSV, XML, JSON, etc). |
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Real-Time Data Sync Supports real-time synchronization with other financial and operational systems. |
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Automated Data Validation Performs checks on data imports to detect errors and inconsistencies. |
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Document Management Integration Links documents, contracts, and correspondence with transactions. |
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Third-party Data Feeds Imports market rates and external reference data automatically. |
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Integration Speed Average time to sync core data feeds. |
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Accounting & Reporting
(0 Yes /0 Known /10 Possible features)
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Sub-ledger Accounting Maintains sub-ledgers for premiums, losses, commissions, etc. |
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Automated Accruals Automates calculation and posting of accruals for future obligations. |
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Reconciliation Tools Enables reconciliation of system balances with external systems. |
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Standardized & Customizable Reporting Provides a library of standard reports and tools to build custom reports. |
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Financial Statement Generation Creates GAAP, IFRS, and statutory financial statements. |
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Aging Reports Tracks overdue balances for receivables and payables. |
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Audit Trail Captures a complete record of all accounting entries and modifications. |
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Automated Journal Creation Automatically generates journal entries from transactions. |
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Currency Translation Reporting Provides translated reports by currency for multi-national operations. |
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Report Generation Speed Average time to generate a standard accounting report. |
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Claims & Settlements Management
(0 Yes /0 Known /10 Possible features)
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Automated Claims Notification Notifies relevant parties when a claim is recoverable under reinsurance. |
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Claim Recovery Calculation Automatically calculates recoverable amounts and shares by reinsurer. |
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Large Loss Tracking Monitors high-value or CAT event claims and recovery status. |
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Partial & Installment Settlements Handles claims settled in parts or through payment plans. |
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Salvage and Subrogation Tracking Supports accounting for salvage and subrogation recoveries. |
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Interest and Penalty Calculation Automatically calculates penalties or interest for late settlements. |
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Subrogation Sharing Automatically shares subrogation recovery among participants. |
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Event Aggregation Aggregates claims for event-based or CAT treaties. |
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Claims Settlement Capacity Maximum number of claim settlements processed per hour. |
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Disputed Claim Handling Manages workflows for claim disputes and negotiation with partners. |
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Security & Compliance
(0 Yes /0 Known /10 Possible features)
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Role-Based Access Control Restricts access to functions and data by user role. |
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Audit Logging Maintains detailed audit logs of all user and system actions. |
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Data Encryption Uses encryption for data at rest and in transit. |
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Regulatory Reporting Compliance Supports SFCR, NAIC, Solvency II, IFRS 17 and other reporting standards. |
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User Authentication Methods Enables SSO, MFA, and other secure login technologies. |
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Data Masking Masks PII in screens and reports as required. |
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Automated Compliance Checks Performs ongoing compliance checks as per rules. |
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Disaster Recovery Capabilities Supports high-availability and system failover. |
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GDPR/CCPA Support Includes tools to comply with data privacy laws. |
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Audit Retention Period Number of years audit logs are retained. |
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Automation & Workflow
(0 Yes /0 Known /10 Possible features)
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Automated Notification Engine Sends automated alerts/reminders to users for due actions. |
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Custom Workflow Builder Allows customization and automation of common business processes. |
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Task Assignment & Escalation Assigns tasks and auto-escalates uncompleted tasks. |
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Bulk Action Processing Performs actions on groups of similar transactions at once. |
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Template Library Provides standard templates for documents and emails. |
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Business Rule Automation Automates steps based on user-defined rules. |
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Approval Routing Routes items for approval according to workflow maps. |
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Integration with Communication Tools Connects with email and chat for notifications and workflow actions. |
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Process Throughput Average number of workflow tasks completed per hour. |
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Scheduled Task Automation Runs routine jobs (e.g., nightly settlements) based on schedules. |
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Analytics & Business Intelligence
(0 Yes /0 Known /10 Possible features)
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Dashboards Interactive dashboards for real-time monitoring of KPIs. |
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Portfolio Performance Analytics Analyzes contract, treaty, or portfolio-level financial performance. |
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Claims and Loss Analysis Generates insights on loss ratios, claim frequencies, severities, etc. |
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Counterparty Exposure Analysis Assesses exposure to reinsurers/retrocessionaires by metrics. |
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Predictive Modeling Supports predictive models (e.g., cash flow forecasts, reserve adequacy). |
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Export to BI Tools Allows export of data to tools like Power BI, Tableau. |
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Scenario & What-If Analysis Enables modeling of alternative portfolio or treaty outcomes. |
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Automated Alerts on KPIs Creates configurable alerts on critical analytics metrics. |
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Drilldown Capabilities Provides detailed transaction-level drilldowns from dashboards. |
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Analytics Query Speed Response time for typical ad hoc analytics queries. |
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User Experience & Usability
(0 Yes /0 Known /10 Possible features)
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Modern User Interface Provides intuitive, clean, and responsive web-based UI. |
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Customizable Dashboards Allows users to configure their homepage/widgets. |
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Search and Retrieval Tools Advanced filters and queries for quick record retrieval. |
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Contextual Help & Documentation Built-in help, wizards, and guidance for users. |
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Accessibility Compliance Meets accessibility standards (WCAG, Section 508, etc.). |
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Localization/Language Support Supports multiple languages and localizations. |
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Mobile Device Compatibility Optimized for use on tablets and smartphones. |
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Personalized Settings Users can personalize notifications and data views. |
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Minimal Clicks Navigation Average number of clicks to complete a key task. |
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Bulk Entry/Edit Tools Allows user to edit or add multiple records at once. |
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Customer Support & Vendor Services
(0 Yes /0 Known /10 Possible features)
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24/7 Support Availability Round-the-clock support for urgent issues. |
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Dedicated Account Manager Assigned manager for ongoing relationship and escalations. |
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Implementation Services Vendor assistance for project implementation and migration. |
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Training Resources Access to user guides, training materials, and webinars. |
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Regular Feature Updates Ongoing product enhancements and patching. |
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User Community Forum Online forum for peer-to-peer support and idea sharing. |
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Service Level Agreements (SLAs) Formalized commitments to uptime and support response times. |
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Customization Services Ability to deliver software customizations as per client needs. |
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Customer Satisfaction Rating Average customer satisfaction score with vendor services. |
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On-site Support Availability Can provide in-person, on-premise support as required. |
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