For insurance companies
Outward reinsurance software for insurance companies.
Insurers cede risk to dozens of reinsurers across treaties and facultative placements. SARBOnline keeps the whole outward programme, its statements and its recoveries in one system.
Your reinsurance programme, under control
- Treaty programmes: proportional and excess of loss, with each reinsurer's share and terms
- Facultative placements for risks outside treaty capacity
- Periodic statements per reinsurer, tied to financial year and statement period
- Recoveries and cash calls on large losses, tracked against each reinsurer
- Reinsurer security: ratings, KYC documents and sanctions, AML and PEP screening on every party
Statements that reconcile
Premium, reserve releases, cash loss recoveries, commission, reserves retained and outstanding losses are recorded against each reinsurer. Statement of account reconciliation shows exactly what is owed in each direction.
Works alongside your core system
SARBOnline handles reinsurance; your policy administration system keeps handling policies. Bordereaux and sum insured data can be imported from Excel, and APIs are available on enterprise deployments.
Questions
Frequently asked.
Can an insurance company use SARBOnline directly?
Yes. Insurers use it to manage outward reinsurance: treaties, facultative placements, statements and recoveries.
Does it replace our policy administration system?
No. It manages reinsurance and connects to your core system through imports and, on enterprise deployments, APIs.
Does it track recoveries on claims?
Yes. Claims, cash calls and recoveries are tracked against each reinsurer and appear on the statement of account.
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.