Duck Creek Reinsurance Management

powered by XL

 

Centralize, streamline and automate all your reinsurance processes.

 

Reinsurance Management Made Smart

Duck Creek Reinsurance Management powered by XL 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

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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 re/insurers and brokers manage risks and making available the capital needed to support those risks.

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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.

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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.

A Trusted and Reliable Reinsurance Management System
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

Testimonials

Reinsurance Management powered by XL offered an off-the-shelf host system that was configurable to meet the majority of our requirements. The team was willing to partner with us to meet several of our key requirements and Reinsurance Management powered by XL offered an excellent user interface and experience.

Beazley chose Reinsurance Management powered by XL, the cloud-based reinsurance platform for its strong out of the box functionalities. Duck Creek demonstrated reinsurance expertise and an ability to handle reinsurance platform deployment projects.

QBE chose Duck Creek to manage and centralize all the reinsurance processes. With Reinsurance Management powered by XL, we have a platform that provides one ‘source of truth’ for reinsurance calculations throughout QBE for both ceded and assumed reinsurance. We also felt that Duck Creek were a good fit and that we would be able to work well with them.

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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.

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