Duck Creek Reinsurance
Centralize, streamline and automate all your reinsurance processes.
Reinsurance Management
Reinsurance Management Made Smart
Duck Creek Reinsurance tracks all information related to your reinsurance contracts (treaties and facultative policies, claims, incidents, accounting data, technical data, auxiliary data, financial data, and more). Manage all your contracts from underwriting to endorsements and renewals in a flexible solution using multiple currencies and GAAP requirements.
Benefits
Maximize Recoverables and Reduce Claims Leakage
Identify all claims meant to be covered by reinsurance by accurately calculating recoveries, and rapidly creating reinsurance bills. Ensure all reinsurance ceded or assumed achieves its intended goals of helping reinsurers and brokers manage risks and making available the capital needed to support those risks.
Improve Process for Contract Certainty
Digitally transforming reinsurance administration creates opportunities to strategically leverage data in ways that were previously extremely difficult. With the ability to better understand reinsurance transactions and outcomes, finance and risk management teams can leverage data to make critical decisions regarding risk appetite and support reinsurance contract negotiations.
Increase Reinsurance Operational Efficiencies
Labor-intensive tools such as spreadsheets and unsophisticated databases, as well as legacy systems built on older platforms, are ill-equipped to manage today’s increasingly complex reinsurance treaties. Through automation, standardization, and data transparency, our platform helps you create a more efficient and productive reinsurance administration program.
The Power of a Modern Producer Experience
30
Years of experience
20+
Countries processing reinsurance on the platform
60+
Data import templates available
5000
Person days per year invested in product development
50
Closing time reduction
Key Features
- Centralize all your reinsurance policies in one place within the platform for greater visibility and security in your data processing
- Manage all types of contracts, including treaties, facultative reinsurance, proportional and non-proportional contracts, excess loss, stop loss, quota share, and more
- Support both P&C and general insurance, as well as life and health insurance
- Easily navigate through contracts structure on a schematic view for quick information access (from program to account status through the layers)
- Handle your contract renewals efficiently and save considerable time by copying an existing contract with its contractual terms from the previous year
- Easily view and update the status of your claims at any time
- Centralize all of your claims with dates and events in a single platform
- Attach all dates and times for multiple claims to a single event
- Automatically determine and update the optimal period for an event’s retroceded amounts through an hours clause
- Automate the production of your technical accounts for your partners—ceding companies, reinsurers, and brokers—at the frequency you want.
- Robust and accurate calculation engine for premiums and claims, including expenses, commissions, rates, reinstatement premiums and more reinsurance terms
- View a cumulative summary of all your reinsurance contracts
- Support all account types, in acceptance and retrocession, including estimated accounts, final accounts, provisional premium accounts, and cash call accounts.
Testimonials
Useful Resources
Press Release
Safepoint Holdings Migrates to Duck Creek OnDemand to…
Duck Creek Policy and Billing Solutions Deliver Tailored Personal Home and Commercial Insu…
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Press Release
Duck Creek Technologies Announces First Partners to Earn…
BOSTON — February 13, 2025 — Duck Creek Technologies, the global i…
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Press Release
Duck Creek Technologies Partners with Worldpay to Enhance…
Strategic partnership delivers future-proof, global payments capabilities for insurance ca…
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