Capability
Treaty reinsurance software for proportional and excess of loss programmes.
Treaty programmes run for years and generate statements every quarter. SARBOnline places them, records every statement per reinsurer, and posts the result to the accounts.
Placement to periodic statement
- Slips from pre-defined templates for each treaty class, sub-class and market, with quotation requests by email
- Final placement with each reinsurer's share and terms
- Periodic statements recorded for every reinsurer, tied to financial year and statement period
- Credits and debits: premium, reserve releases, cash loss recoveries, commission, reserves retained and outstanding losses
- Closings and periodic statements issued to reinsurers and placing brokers
Treaty slips and cover notes in Microsoft Word and Collabora Online
SARBOnline is integrated with Microsoft Word and Collabora Online. Every treaty document is generated from pre-defined templates for each class and sub-class of risk, for each market, then edited in Word or Collabora Online and kept on the treaty record.
- Broker slip
- Quotation slip
- Placing slip
- Cover note
- Endorsement slip
- Addendum cover note
Cash losses and claims
Large losses on a treaty trigger cash calls. SARBOnline tracks each one from preliminary loss advice to the reinsurer's documents and settlement, and shows recoveries against each reinsurer.
Bordereaux in, accounts out
Proportional, non-proportional and cash loss bordereaux are imported from Excel templates. Treaty business reaches SiFAMs through automated vouchers.
Questions
Frequently asked.
Does SARBOnline handle quota share and surplus treaties?
Yes. Proportional treaties, including quota share and surplus, and non-proportional excess of loss treaties are supported.
Can statements be recorded per reinsurer?
Yes. Each periodic statement is recorded against each reinsurer on the treaty, for its financial year and period.
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.