Duck Creek Reinsurance Management
Reinsurance processing, meet order and simplicity.
Manage your reinsurance program effectively and efficiently
Duck Creek Reinsurance Management enables P&C insurance companies to enhance the value of their reinsurance programs. By automating critical reinsurance financial and administrative processes, Reinsurance Management helps cedants improve operational efficiencies, maximize recoverables, reduce claims leakage, and improve data analytics and financial reporting.
Benefits
Maximize the value of reinsurance purchases
By identifying all claims that are meant to be covered by reinsurance, accurately calculating recoveries, and creating reinsurance bills with speed, Reinsurance Management ensures that all reinsurance purchases achieve their intended goals of helping insurance companies manage risks and making available the capital needed to support those risks.
Enhance reinsurance administration decision making
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 the efficiency of reinsurance administration
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 programs. Through rules-based automation, standardization, and data transparency, Reinsurance Management creates a more efficient and productive reinsurance administration program.
Key Features
Testimonials
At New Mexico Mutual, we needed a better way to manage our 20+ year reinsurance contracts and streamline our reinsurance processing. Duck Creek has a comprehensive solution that enhances our data reliability and reporting.
Kellie Mixon
Vice President & CFO
What’s Happening In Our World
Brochure
Duck Creek Reinsurance Management Brochure
Increase operational efficiency, prevent claims leakage, and improve data analytics capabilities Supports all reinsurance structures Automates payment calculations and bill production Provides a full audit trail and analytics Produces statements, bordereaux, cover letters, footnotes, supporting details, and more
Blog Post
Top 3 Signs your Reinsurance Management System Needs Modernizing Today
Many insurers of all types and sizes have come to rely on reinsurance as a tool to help grow their businesses or protect their balance sheets against unforeseen events. For that reason, reinsurance administration is essential to maximizing the benefits of reinsurance and ensuring confidence in the solvency of the business. Yet the systems that…
Webinar
Webinar Replay: Resolving Reinsurance Operations Challenges with Modernization
Reinsurance has become an essential tool for carriers who seek to grow their businesses while protecting their balance sheets against unforeseen events. Like any tool, it must be managed properly, and a carrier’s reinsurance operations play an important role in maximizing the benefits of reinsurance and ensuring confidence of in the solvency of its business.
Expand Your Value with More Duck Creek Products
Policy
Customer needs are evolving rapidly. Duck Creek Policy is a powerful and flexible policy administration system that enables carriers to service the complete policy lifecycle.
Claims
Duck Creek Claims lets carriers make better, faster claims handling decisions and reassure their customers in the ways they prefer when times get tough.
See It In Action Today
Whether you’re launching a greenfield initiative, changing providers, or looking to make a digital transformation, our multi-faceted team of insurance and technology experts can help get you there.