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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
(6 Yes /6 Known /10 Possible features)
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Premium Booking Ability to record and process ceded and assumed reinsurance premiums. |
Acturis Reinsurance processes premiums (both ceded and assumed) as part of its core reinsurance automation. | |
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Loss Recovery Processing Processes recoveries from reinsurers for ceded losses. |
Handles automatic processing of reinsurance claims including recoveries from reinsurers. Supported as per automation focus. | |
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Commission Management Calculates, accrues, and manages different types of reinsurance commissions. |
Commission handling is standard in reinsurance modules for proportional treaties. Acturis documentation confirms commission management. | |
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Retrocession Transactions Supports booking and management of transactions with retrocessionaires. |
No information available | |
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Batch Transaction Processing Processes high volumes of transactions in batch mode. |
Batch automation of premium and claim processing is prominent in Acturis' marketing for high-volume clients. | |
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Transaction Reversal Allows reversing or correcting posted transactions. |
No information available | |
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Currency Handling Supports multi-currency transactions and conversions. |
Multi-currency support is referenced for global reinsurance processing in Acturis' documentation. | |
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Automated Settlement Automates the settlement process for premium and claim payments. |
Automated settlements are core to Acturis' reinsurance solution, highlighted in premium/claims automatic workflows. | |
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Unallocated Cash Processing Ability to manage receipts pending allocation to specific contracts or accounts. |
No information available | |
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Capacity Maximum number of transactions processed per minute. |
No information available |
Contract Management
(3 Yes /3 Known /10 Possible features)
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Contract Setup Wizard Guided process to create new contracts with all required parameters. |
No information available | |
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Support for All Contract Types Handles facultative, treaty, proportional, and non-proportional contracts. |
Product supports proportional and non-proportional contracts and various treaty types. | |
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Clause Management Captures and manages specific contract clauses and endorsements. |
No information available | |
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Layered Structure Support Enables configuration of layered or multi-level treaties. |
Supports multi-layer, multi-level treaty structures as referenced in reinsurance product collateral. | |
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Contract Versioning Tracks contract amendments and history over time. |
No information available | |
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Attachment & Detachment Points Captures threshold and limit definitions for contracts. |
Attachment and detachment points (thresholds/limits) are configurable for treaties within the system. | |
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Automated Expiry Tracking Alerts on contract expiry or renewal deadlines. |
No information available | |
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Counterparty Management Manages information and terms related to cedants, brokers, and reinsurers. |
No information available | |
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Linked Contract References Ability to reference retrocession or related contracts. |
No information available | |
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Contracts Supported Total number of concurrent contracts the system can manage. |
No information available |
Data Integration and Interoperability
(4 Yes /4 Known /10 Possible features)
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APIs for Data Exchange Provides REST/SOAP APIs for smooth data interchange. |
API connectivity is described in Acturis' interoperability documentation for insurer solutions. | |
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Core System Integration Seamlessly connects with policy administration and claims systems. |
No information available | |
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General Ledger Mapping Automates mapping of reinsurance transactions to general ledger accounts. |
The reinsurance module integrates with main policy and claims platforms on the Acturis SaaS ecosystem. | |
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Broker System Compatibility Allows integration with broker portals and systems. |
No information available | |
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Data Import/Export Enables bulk data upload and extraction in multiple formats (CSV, XML, JSON, etc). |
Bulk upload/download (bordereau, reports) is a documented feature for data extraction/import. | |
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Real-Time Data Sync Supports real-time synchronization with other financial and operational systems. |
No information available | |
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Automated Data Validation Performs checks on data imports to detect errors and inconsistencies. |
Automated checks for data completeness and reporting validation are available (bordereau error checks). | |
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Document Management Integration Links documents, contracts, and correspondence with transactions. |
No information available | |
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Third-party Data Feeds Imports market rates and external reference data automatically. |
No information available | |
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Integration Speed Average time to sync core data feeds. |
No information available |
Accounting & Reporting
(6 Yes /6 Known /10 Possible features)
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Sub-ledger Accounting Maintains sub-ledgers for premiums, losses, commissions, etc. |
Premiums, claims, and commissions are tracked on a sub-ledger basis, facilitating detailed reconciliation. | |
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Automated Accruals Automates calculation and posting of accruals for future obligations. |
Accruals (commissions, recoveries, etc) are automatically generated as part of reinsurance workflows. | |
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Reconciliation Tools Enables reconciliation of system balances with external systems. |
No information available | |
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Standardized & Customizable Reporting Provides a library of standard reports and tools to build custom reports. |
Standard and custom reporting capabilities for bordereau, performance, etc. are referenced in documentation. | |
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Financial Statement Generation Creates GAAP, IFRS, and statutory financial statements. |
Statutory and management reporting is a core function; details on statutory compliance are referenced. | |
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Aging Reports Tracks overdue balances for receivables and payables. |
No information available | |
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Audit Trail Captures a complete record of all accounting entries and modifications. |
Full audit trails and modification logs included, as per insurer-grade SaaS standards. | |
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Automated Journal Creation Automatically generates journal entries from transactions. |
System automatically generates accounting journals; linked to automation and reporting workflows. | |
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Currency Translation Reporting Provides translated reports by currency for multi-national operations. |
No information available | |
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Report Generation Speed Average time to generate a standard accounting report. |
No information available |
Claims & Settlements Management
(2 Yes /2 Known /10 Possible features)
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Automated Claims Notification Notifies relevant parties when a claim is recoverable under reinsurance. |
No information available | |
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Claim Recovery Calculation Automatically calculates recoverable amounts and shares by reinsurer. |
Claim recovery calculations are automated as claims move through the system. | |
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Large Loss Tracking Monitors high-value or CAT event claims and recovery status. |
No information available | |
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Partial & Installment Settlements Handles claims settled in parts or through payment plans. |
Partial and split claim settlements are referenced as supported for reinsurance contracts. | |
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Salvage and Subrogation Tracking Supports accounting for salvage and subrogation recoveries. |
No information available | |
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Interest and Penalty Calculation Automatically calculates penalties or interest for late settlements. |
No information available | |
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Subrogation Sharing Automatically shares subrogation recovery among participants. |
No information available | |
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Event Aggregation Aggregates claims for event-based or CAT treaties. |
No information available | |
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Claims Settlement Capacity Maximum number of claim settlements processed per hour. |
No information available | |
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Disputed Claim Handling Manages workflows for claim disputes and negotiation with partners. |
No information available |
Security & Compliance
(7 Yes /7 Known /10 Possible features)
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Role-Based Access Control Restricts access to functions and data by user role. |
Role-based access management is a requirement for SaaS insurer platforms and explicitly supported. | |
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Audit Logging Maintains detailed audit logs of all user and system actions. |
Full audit logs of user and system actions are referenced in security documentation. | |
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Data Encryption Uses encryption for data at rest and in transit. |
Encryption in-transit and at-rest is part of Acturis' platform assurance for data security. | |
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Regulatory Reporting Compliance Supports SFCR, NAIC, Solvency II, IFRS 17 and other reporting standards. |
Reporting compliance for Solvency II, IFRS 17, etc., is referenced as supported in reinsurance modules. | |
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User Authentication Methods Enables SSO, MFA, and other secure login technologies. |
Supports SSO and strong authentication in Acturis cloud platform for all modules. | |
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Data Masking Masks PII in screens and reports as required. |
No information available | |
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Automated Compliance Checks Performs ongoing compliance checks as per rules. |
No information available | |
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Disaster Recovery Capabilities Supports high-availability and system failover. |
Cloud infrastructure designed for high-availability and disaster recovery. | |
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GDPR/CCPA Support Includes tools to comply with data privacy laws. |
Acts to comply with GDPR/CCPA and other privacy regulations—platform level—and process controls available. | |
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Audit Retention Period Number of years audit logs are retained. |
No information available |
Automation & Workflow
(5 Yes /5 Known /10 Possible features)
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Automated Notification Engine Sends automated alerts/reminders to users for due actions. |
Scheduled and event-based email notifications and workflow alerts supported in platform. | |
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Custom Workflow Builder Allows customization and automation of common business processes. |
Workflows for contract, claims, and premium processes, with some customization, are detailed in product features. | |
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Task Assignment & Escalation Assigns tasks and auto-escalates uncompleted tasks. |
No information available | |
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Bulk Action Processing Performs actions on groups of similar transactions at once. |
Bulk processing of reinsurance bordereau, claims, and settlement actions (batch mode) supported. | |
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Template Library Provides standard templates for documents and emails. |
No information available | |
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Business Rule Automation Automates steps based on user-defined rules. |
Automation of rule-driven steps (e.g., automatic notification when limit breached) is available. | |
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Approval Routing Routes items for approval according to workflow maps. |
No information available | |
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Integration with Communication Tools Connects with email and chat for notifications and workflow actions. |
No information available | |
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Process Throughput Average number of workflow tasks completed per hour. |
. | No information available |
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Scheduled Task Automation Runs routine jobs (e.g., nightly settlements) based on schedules. |
Routine settlements and reporting jobs can be scheduled for overnight execution. |
Analytics & Business Intelligence
(4 Yes /4 Known /10 Possible features)
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Dashboards Interactive dashboards for real-time monitoring of KPIs. |
Dashboards for monitoring treaty progress, premium, and claims included. | |
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Portfolio Performance Analytics Analyzes contract, treaty, or portfolio-level financial performance. |
No information available | |
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Claims and Loss Analysis Generates insights on loss ratios, claim frequencies, severities, etc. |
Claims and loss analytics referenced as automated reports and dashboard widgets. | |
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Counterparty Exposure Analysis Assesses exposure to reinsurers/retrocessionaires by metrics. |
No information available | |
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Predictive Modeling Supports predictive models (e.g., cash flow forecasts, reserve adequacy). |
No information available | |
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Export to BI Tools Allows export of data to tools like Power BI, Tableau. |
Reporting data can be exported to Excel and other BI tools as per product documentation. | |
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Scenario & What-If Analysis Enables modeling of alternative portfolio or treaty outcomes. |
No information available | |
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Automated Alerts on KPIs Creates configurable alerts on critical analytics metrics. |
Automated KPI alerts available through dashboard and notification settings. | |
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Drilldown Capabilities Provides detailed transaction-level drilldowns from dashboards. |
No information available | |
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Analytics Query Speed Response time for typical ad hoc analytics queries. |
No information available |
User Experience & Usability
(5 Yes /5 Known /10 Possible features)
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Modern User Interface Provides intuitive, clean, and responsive web-based UI. |
Modern, cloud-based UI is described in Acturis’ platform sales and user materials. | |
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Customizable Dashboards Allows users to configure their homepage/widgets. |
Some dashboard and homepage configurability is available for users. | |
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Search and Retrieval Tools Advanced filters and queries for quick record retrieval. |
Standard filtering/search tools are built into the product for contract and claim retrieval. | |
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Contextual Help & Documentation Built-in help, wizards, and guidance for users. |
No information available | |
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Accessibility Compliance Meets accessibility standards (WCAG, Section 508, etc.). |
No information available | |
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Localization/Language Support Supports multiple languages and localizations. |
No information available | |
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Mobile Device Compatibility Optimized for use on tablets and smartphones. |
Web-based UI is responsive and supports tablet/mobile browser access (not an app). | |
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Personalized Settings Users can personalize notifications and data views. |
No information available | |
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Minimal Clicks Navigation Average number of clicks to complete a key task. |
No information available | |
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Bulk Entry/Edit Tools Allows user to edit or add multiple records at once. |
Bulk editing supported in contract and bordereau upload screens. |
Customer Support & Vendor Services
(4 Yes /4 Known /10 Possible features)
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24/7 Support Availability Round-the-clock support for urgent issues. |
No information available | |
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Dedicated Account Manager Assigned manager for ongoing relationship and escalations. |
No information available | |
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Implementation Services Vendor assistance for project implementation and migration. |
Implementation and migration support is a standard offering by Acturis to insurer clients. | |
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Training Resources Access to user guides, training materials, and webinars. |
Training, webinars, and guides are part of Acturis' onboarding for new clients. | |
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Regular Feature Updates Ongoing product enhancements and patching. |
Cloud SaaS platform with regular software updates and patch cycles. | |
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User Community Forum Online forum for peer-to-peer support and idea sharing. |
No information available | |
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Service Level Agreements (SLAs) Formalized commitments to uptime and support response times. |
No information available | |
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Customization Services Ability to deliver software customizations as per client needs. |
Customization through the vendor and platform is offered for large insurer clients. | |
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Customer Satisfaction Rating Average customer satisfaction score with vendor services. |
No information available | |
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On-site Support Availability Can provide in-person, on-premise support as required. |
No information available |
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