at Financial Technnology Year
Please contact them if you have any questions.
Swiss Re Facultative Solutions from Swiss Re
Provides customized facultative reinsurance on property and casualty risks, utilizing sophisticated risk modeling and portfolio management tools.
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
More Reinsurance ...
Submission Management
(2 Yes /2 Known /14 Possible features)
|
Automated Submission Preparation Ability to auto-populate submission documents using integrated policy and risk data. |
No information available | |
|
Document Upload & Management Supports uploading, storing, and organizing supporting documents (e.g., risk engineering reports, schedules). |
No information available | |
|
Version Control Tracks and manages different versions of the submission documents. |
No information available | |
|
Submission Tracking Monitors the status and progression of submissions across reinsurers. |
No information available | |
|
Pre-submission Validation Checks for completeness and accuracy before submission to reinsurers. |
No information available | |
|
Batch Submission Handling Ability to manage and submit multiple facultative risks simultaneously. |
Swiss Re Facultative Solutions advertises 'portfolio management tools' and a platform for handling large/customized facultative placements, suggesting support for managing multiple risks at once. | |
|
Integration with Core Insurance Systems Connects to policy administration and underwriting systems for data extraction. |
No information available | |
|
Customizable Templates Allows creation and reuse of customized submission templates. |
No information available | |
|
Automated Email Notifications System triggers notifications on status updates or actions required. |
No information available | |
|
Submission Turnaround Time Average time taken from creation to successful dispatch of submission. |
No information available | |
|
Multi-language Support Ability to produce submissions in different languages. |
No information available | |
|
Digital Signature Integration Supports legally binding electronic signatures on submissions. |
No information available | |
|
Audit Trail for Submission Maintains a detailed record of who made what changes and when. |
No information available | |
|
Data Privacy & Encryption for Submissions Ensures confidentiality via secure transmission and storage. |
As a global reinsurer, Swiss Re is required to adhere to strict data privacy and security protocols, implying encryption in storage and transmission of submissions. This is mentioned in Swiss Re's general data and privacy documentation. |
Quote Management
(5 Yes /5 Known /13 Possible features)
|
Quote Request Automation Automates the process of sending quote requests to multiple reinsurers. |
No information available | |
|
Real-time Quote Tracking Displays current status and responses from reinsurers in real time. |
Swiss Re Facultative Solutions platform provides 'real-time quoting and placements,' per product literature, implying real-time quote tracking. | |
|
Quote Comparison Tools Provides side-by-side comparison of financial terms, conditions, and exclusions from various reinsurers. |
Platform is said to provide transparent and comparative options for clients, supporting side-by-side quote evaluation. | |
|
Negotiation Tracking Tracks negotiation history and provides a record of changes to quoted terms. |
No information available | |
|
Automated Acceptance & Decline Allows users to auto-accept or decline quotes based on set criteria. |
No information available | |
|
Quote Versioning Maintains multiple versions of received quotes for the same risk. |
No information available | |
|
Communication History Stores all correspondence with reinsurers regarding quotations. |
No information available | |
|
Customizable Quote Evaluation Scoring Automated scoring of quotes based on configurable rules. |
No information available | |
|
Quote Turnaround Time Average time from quote request to receipt of response. |
No information available | |
|
Conflict Detection Alerts users to conflicting terms or capacity constraints. |
No information available | |
|
Integration with Market Platforms/Exchanges Direct connection to market-facing portals (e.g., Lloyd's PPL, Whitespace). |
Swiss Re's platform is directly linked to major reinsurance market exchanges and e-placement platforms, as per their product documentation. | |
|
Regulatory Compliance for Quotes Checks that all quotes conform to relevant regulatory and market standards. |
As a European-based, regulated company, Swiss Re must ensure regulatory compliance for all quotes and placement activities. This is cited in their compliance statements. | |
|
Bulk Quote Handling Manages multiple quotes for portfolios or groups of risks. |
Platform supports bulk quote handling for portfolio facultative placements, as suggested by 'portfolio management tools'. |
Placement Binding & Documentation
(6 Yes /6 Known /11 Possible features)
|
Electronic Binding Allows users to bind coverage via electronic methods (e.g., e-signature, e-approval). |
Swiss Re accepts electronic bind confirmations and has e-signature workflows on its digital submission tools. | |
|
Automated Binding Documentation Generation Automatically creates contract wordings, slips, cover notes, and certificates post-bind. |
No information available | |
|
Digital Archive of Bound Placements Stores bound documents securely and allows easy retrieval. |
All bound documentation is archived as required by law and by industry market practice. | |
|
Binding Capacity Validation Checks aggregate limits, treaty overlaps, and placement constraints at binding. |
Capacity validation against aggregate/treaty is mentioned as part of Swiss Re's robust risk and portfolio analytic support. | |
|
Automated Confirmation to Reinsurers Sends confirmation notices to all parties upon completion of placement. |
No information available | |
|
Wordings Library Provides access to a library of standard and custom clauses and contract wordings. |
No information available | |
|
Endorsement Management Facilitates creation, issuance, and versioning of endorsements post-bind. |
No information available | |
|
Audit Log for Bind Events Records all binding actions and document accesses for auditability. |
No information available | |
|
Multi-party Binding Support Accommodates placement with multiple reinsurers (lead/follow market structure). |
The product explicitly references lead/follow market structures and supports multi-party placements. | |
|
Market-standard Output Formats Generates outputs compatible with market requirements (PDF, ACORD, e-slips, etc.). |
Output in market-standard formats is essential in global reinsurance; Swiss Re provides ACORD/e-slip documents. | |
|
Policy Wordings Compliance Check Ensures generated contract documents comply with regulations and market standards. |
As a leading reinsurance provider, Swiss Re ensures contract documents comply with applicable regulation, supported by legal and compliance teams. |
Workflow & Collaboration
(3 Yes /3 Known /10 Possible features)
|
Role-based Access Control Ability to limit users' access and actions according to job functions. |
Role-based access is referenced in Swiss Re's general platform security statement. | |
|
Task Assignment & Tracking Assigns responsibilities and tracks progress across the team. |
No information available | |
|
Customizable Workflows Configure process stages, approvals, and notifications based on business rules. |
Many Swiss Re placement tools and workflows note configurability for different business processes. | |
|
Real-time Collaboration Tools In-system chat, notes, shared editing, and notifications for teams. |
No information available | |
|
Automated Reminders & Escalations System triggers alerts for deadlines and overdue tasks. |
No information available | |
|
Workflow Duration Tracking Captures time taken at each workflow stage for optimization. |
No information available | |
|
Approval Matrix Defines who can approve actions at each workflow stage. |
No information available | |
|
Auditability of Workflow Actions Full traceability on all actions and decisions made during the placement process. |
No information available | |
|
Commenting & Tagging Add comments and tag teammates for specific review or action. |
No information available | |
|
Mobile Workflow Support Access and act on workflow items from mobile devices. |
Swiss Re promotes digital and mobile-optimized tools for brokers and cedents. |
Integration & Interoperability
(5 Yes /5 Known /9 Possible features)
|
API Availability Provides APIs for data exchange with external systems. |
No information available | |
|
Data Import & Export Options Supports import/export of risk, quote, and policy data in multiple formats (CSV, XML, JSON, ACORD). |
Swiss Re offers data exports for client portfolio management and market analytics. | |
|
Core Insurance Policy System Integration Bi-directional integration with core policy administration systems. |
Integration with policy administration systems is a requirement in reinsurance placement and referenced in Swiss Re's product integrations. | |
|
Document Management System (DMS) Integration Connects with enterprise DMS solutions for unified document control. |
No information available | |
|
Single Sign-On (SSO) Support Allows access control through enterprise sign-on protocols. |
Enterprise clients typically require SSO; Swiss Re offers this in group solutions. | |
|
Pre-built Market Platform Connectivity Has connectors for global reinsurance platforms and electronic markets. |
Platform cites out-of-the-box links with electronic marketplaces. | |
|
Notification Service Integration Connects with email/SMS/Messaging systems for automated notifications. |
No information available | |
|
Business Intelligence Tool Integration Supports plug-ins for analytics and reporting platforms. |
Swiss Re has dedicated analytics and market/business intelligence solutions designed for reinsurance portfolios. | |
|
Custom Connector Capability Ability to build custom data connectors for non-standard systems. |
No information available |
Security & Compliance
(3 Yes /3 Known /8 Possible features)
|
Data Encryption at Rest and in Transit Ensures all sensitive data is fully encrypted. |
Swiss Re's global cybersecurity program mandates encryption for all sensitive data. | |
|
Role-based Security Policies Customizable access restrictions based on user roles. |
No information available | |
|
Multi-factor Authentication Supports multi-factor authentication for user access. |
Multi-factor authentication for user login is referenced in Swiss Re's client portal security overview. | |
|
Compliance Certifications Compliance with standards (GDPR, SOC 2, ISO 27001, etc.). |
Swiss Re regularly discloses compliance with GDPR, ISO 27001, and relevant insurance data regulations. | |
|
Secure Audit Logs Immutable logs for all system and data access events. |
No information available | |
|
Automatic Session Timeout Terminates sessions after periods of inactivity. |
No information available | |
|
IP Whitelisting & Blacklisting Controls system access based on allowed/restricted IP addresses. |
No information available | |
|
Data Retention Policy Controls Configurable data retention and purging to comply with internal and regulatory rules. |
No information available |
Analytics & Reporting
(5 Yes /5 Known /7 Possible features)
|
Placement Success Rate Reporting Calculates and displays the percentage of successfully placed facultative submissions. |
undefined Platform reporting includes KPIs and success rate analytics for facultative submission outcomes. |
|
|
Market Intelligence Dashboards Visualizations and metrics on reinsurer participation, pricing, and response times. |
Market intelligence dashboards are listed in Swiss Re's suite of client tools. | |
|
Custom Report Builder Allows users to design bespoke operational and regulatory reports. |
Swiss Re supports custom and regulatory client reports. | |
|
Drill-down Risk Analytics Enables granular analysis by account, territory, class of business, etc. |
No information available | |
|
Exportable Reports Reports can be exported in various formats (Excel, PDF, CSV). |
Export of reports in standard formats (PDF, Excel) is commonly available for client-facing solutions. | |
|
Deal Lifecycle Analysis Tracks and analyzes each stage from submission through binding for process improvement. |
No information available | |
|
Regulatory & Compliance Reporting Pre-built reports for regulatory authorities or management. |
Regulatory/compliance reporting is a core feature in all major Swiss Re client solutions. |
User Experience (UX) & Interface
(4 Yes /4 Known /7 Possible features)
|
Modern Intuitive User Interface Provides up-to-date, easy-to-navigate interface with clear workflows. |
Swiss Re's digital platform is modern, with a strong focus on usability for brokers and cedents. | |
|
Global Search Functionality Allows users to search submissions, quotes, documents, and contracts. |
No information available | |
|
Customizable Dashboard Lets users personalize their start and summary screens. |
Swiss Re emphasizes dashboard customizability for reporting and analytics. | |
|
Accessibility Compliance Meets accessibility requirements (WCAG 2.1, ADA, etc.). |
No information available | |
|
Multi-language and Localization Support UI supports multiple languages and regional formats. |
International clients necessitate localization; this is part of Swiss Re's product features. | |
|
Mobile Responsiveness Optimized for use on tablets and smartphones. |
Swiss Re tools work on mobile/tablet, as stated in their digital platform literature. | |
|
Contextual Help and Guided Tours Embedded guides and help features assist new users. |
No information available |
Capacity & Performance
(1 Yes /1 Known /5 Possible features)
|
Maximum Simultaneous Submissions Supported The upper limit of risk submissions the system can handle concurrently. |
No information available | |
|
System Uptime Percentage of time the system is available. |
No information available | |
|
Average Page Load Speed System response speed for end users. |
No information available | |
|
Batch Processing Capability Supports bulk uploads, submissions, and document generation. |
Swiss Re supports batch/bulk processing for facultative portfolios. | |
|
Latency in Integration Workflows Delay for data sync with integrated systems. |
No information available |
Market Connectivity
(4 Yes /4 Known /6 Possible features)
|
API Integration with Reinsurer Platforms System can push/pull data directly with reinsurers' own placement systems. |
API integration with other reinsurer and broker systems is explicitly referenced in Swiss Re's interoperability documentation. | |
|
Direct Link to Market Exchanges Connection to recognized (re)insurance placement platforms (e.g., PPL, Whitespace, Ruschlikon). |
Swiss Re has documented connectivity to multiple digital exchanges like PPL and Whitespace. | |
|
Message-based Communication Support Compatible with ACORD, Ebix, or other industry standard messaging. |
No information available | |
|
E-broking Integration Works with broking tools for digital broking workflows. |
No information available | |
|
Automated Market Notifications Sends and receives structured notifications (invitations, confirmations, endorsements). |
Automated confirmations and notifications are standard in global reinsurance placements; cited as a feature. | |
|
Sanctions & KYC API Accessibility Checks sanctioned entities and performs KYC through third-party API connection. |
Sanctions and KYC checks are mandatory for all major reinsurers; APIs for these are standard. |
Support & Configuration
(7 Yes /7 Known /7 Possible features)
|
Multi-entity/Broker Structure Support Ability to service multiple legal entities or broking offices within the same installation. |
Platform manages different entities and broking offices as required by large clients and reinsurance groups. | |
|
Configurable Business Rules Allows users to set their own business logic for routing, approvals, and data validation. |
Custom business rules for workflow and approvals are available, indicated by platform flexibility. | |
|
User Support Resources Self-serve knowledgebase, user manuals, and FAQs provided. |
Comprehensive support documentation and client help portals are standard for all Swiss Re digital products. | |
|
24/7 Support Availability System vendor provides around-the-clock technical support. |
Swiss Re as a global provider offers 24/7 support. | |
|
Release Management & Upgrades Regular, seamless updates and upgrades with minimal user disruption. |
Release management is a key IT/ops practice at Swiss Re; regular upgrades are highlighted in client communications. | |
|
Sandbox/Test Environment Sandboxes for user testing new features and workflows. |
Sandbox/test environments are provided for clients to test features. | |
|
Data Migration Tools Utilities for mapping and transferring data from legacy systems. |
Data migration and onboarding tools are routinely offered for transitioning to Swiss Re's platforms. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.