Case Study

Optimization of CAT Reinsurance Processes in a P&C Insurance Company

Featured Image Blog Humanized post The Conundrum Part 2 Andy

Objectives

Streamline the reinsurance program
Improve efficiency in monitoring balances still in collection process
Simplify cash collections from diverse reinsurance programs
Implement a system to track cash coming in as an advance
Automate risk management calculations and reporting

Our Stats

The results

Automated

reinsurance recoveries calculation from manual Excel spreadsheets

Enhanced

efficiency in monitoring balances

Simplified

cash collections from varied reinsurance programs post-CAT events

Successful

tracking of cash inflows before reimbursement of paid losses

Timely

report generation for effective management of credit risk

They needed software that would prepare the cumbersome year end Schedule F report of reinsurance required by our state regulators. Duck Creek Reinsurance was the clear choice for us. They have a modern platform and a track record for agile, rapid implementation.

John M.

Chief Financial Officer

The Challenges

Manual calculations and reporting

All calculations were performed manually and reports couldn’t be produced on a timely basis, making it difficult to manage credit risk associated with reinsurance during catastrophic events.

Complex reinsurance structure

The firm has a very complicated reinsurance structure, having various layers of excess of loss reinsurance, reinstatement premium protection, and quota share treaties with reinsurers in different geographical locations.

Insurance Customer Experience How Carriers Modernize CX in 2026

The Solutions

The company adopted Duck Creek Reinsurance software for its modern platform and agile, rapid implementation.
This solution facilitated tracking of the various layers of the reinsurance program and calculation of the required premium due to each reinsurer.
The system also maintained a record of reinsurance billings and cash collected by reinsurer, with proper classification of recoverable on paid loss or recoverable on advance billing.

The Impacts

Improved efficiency

The adoption of Duck Creek Reinsurance software eliminated manual calculations and improved the efficiency of the reinsurance process, including time saved for the year-end Schedule F report of reinsurance for state regulatory compliance.

Enhanced risk management

The timely generation of reports facilitated better management of the credit risk associated with reinsurance, even during CAT events.

Handling complex reinsurance structures

The Duck Creek Reinsurance software allowed for better management and understanding of the complex reinsurance structure.

About the Customer

The P&C insurance carrier insures homes and businesses for losses from hurricanes, tornadoes, other windstorms, and hail.

How can Duck Creek help you?

See how leading carriers launch faster, price sharper, and operate with unmatched clarity. Let us show you how the Intelligent Core can meaningfully power your business forward.

Talk to Sales