Capability
Facultative reinsurance software, from slip to closing.
Facultative business is high volume and deadline driven. SARBOnline takes each risk from enquiry to signed lines, closing and cover note without leaving the system.
The facultative workflow in SARBOnline
- Enquiry: risk details, insured, sum insured breakup and documents captured once
- Broker slip: generated from the template for the class, sub-class and market, in Microsoft Word or Collabora Online
- Market: quotation requests emailed to the reinsurers and brokers you select, replies recorded on the slip
- Placement: written and signed lines per reinsurer, with shares, rates and brokerage
- Closing and cover note: generated from the placement and approved internally
- Endorsements and claims: recorded against the original placement
Slips and cover notes in Microsoft Word and Collabora Online
SARBOnline is integrated with Microsoft Word and Collabora Online. Every facultative document is generated from pre-defined templates for each class and sub-class of risk, for each market, then edited in the editor your team already uses and kept on the risk record.
- Broker slip
- Quotation slip
- Placing slip
- Cover note
- Endorsement slip
- Addendum cover note
Checklists and subjectivities
Your own checklists validate each risk as users work. Subjectivities and premium payment warranties carry reminder dates, so nothing lapses quietly.
Reports for every view of the book
Analytical and graphical reports in business currency, US dollars or your own, by class, cedant, reinsurer, branch and relationship manager.
Questions
Frequently asked.
Does it support non-proportional facultative?
Yes. Proportional and excess of loss facultative risks are both supported, including endorsements and claims.
Can sliding scale commission be loaded?
Yes. Ceding commission, brokerage and OR commission sliding scales can be imported from Excel.
See SARBOnline on your own business.
Bring a live slip, a treaty statement or last quarter's collections. We will walk it through the system with your team, in your time zone.