ReinsuranceMaster

Comprehensive single platform for large and multi-national reinsurance programs, providing full financial control and flexibility across all lines of business.

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All Reinsurance Activities in One Solution

Sapiens ReinsuranceMaster is a comprehensive reinsurance software solution enabling insurers to handle all reinsurance activities on a single platform. This state-of-the-art system provides comprehensive in-depth business functionality for all types of programs and calculations. Prevent claims leakage with accurate premium calculations and superior claim recovery functionality while maintaining consolidated risk views. ReinsuranceMaster streamlines integrated workflows across all contract types with complete audit trails, LORS integration, GL accounting, multicurrency and intercompany support and business analytics.
  • Automate Complex Programs
  • Prevent Claims Leakage
  • Embedded Analytics
  • Streamlined Integration

Automate Complex Programs

Superior business practices and operational support for automated reinsurance calculations and processes.

Benefits:

  • Easily adapted and automated workflows and processes
  • Full support of auditing and statutory compliance requirements
  • Multi-country and multi-currency functionality
sapiens reinsurance automation solution video

Prevent Claims Leakage

Enhanced functionality and complete audit trail to prevent losses.

Benefits:

  • Accurate premium calculation
  • Superior claim recovery functionality
  • Detailed tracking of processes

Embedded Analytics

Consolidated view of liabilities and risks, provides tracking of all information and processes. 

Benefits:

  • Comprehensive data repository
  • Query models for reinsurance program managers
  • Essential KPIs to support decision-making

Streamlined Integration

Offering multi-platform support to enable seamless integration to third-party software and tools.

Benefits:

  • Standard interfaces to policy and claims applications
  • Native integration with document management systems
  • Fully integrated workflow and activities management across business processes
  • Meets London Market requirements

Transformational Products

Sapiens provides a comprehensive set of solutions to fully automate the insurance landscape.

IDITSuite

AI powered, end-to-end P&C insurance software powering customer acquisition, billing, finance, claims and renewal

ReinsurancePro

Efficiently automate the entire underwriting and administration of reinsurance for insurers

DigitalSuite

Transform your insurance operations with seamless digital experiences to achieve a fully digital engagement experience

Industry Recognition

Celent Ceded Reinsurance Solutions Global 2023
ReinsuranceMaster
Luminary for Advanced Technology and Breadth of Functionality.

FAQs

What is ReinsuranceMaster and who is it designed for?

ReinsuranceMaster is a SaaS reinsurance management system for global P&C insurers, delivering continuous updates and elastic scalability without IT burden. It manages all types of reinsurance, ceded, treaty, and facultative, from contract definition through statutory reporting. The intelligent solution is designed for the needs of multiple work groups, with London Market integration, multicurrency support, API connectivity, and integrated workflows. ReinsuranceMaster was awarded Celent Luminary recognition, delivering proven capabilities insurers trust. 

How does ReinsuranceMaster limit claims leakage?

ReinsuranceMaster automatically catches what manual reviews often miss. It checks every claim against your contracts, uncovers hidden recoveries, and eliminates costly human errors. Sapiens clients have identified millions in previously missed recoverables, including a multi-line insurer that found over $10 million in untracked facultative recoveries, and a personal lines mutual that discovered $1.3 million in missed claims that more than paid for the cost of implementation. 

How does ReinsuranceMaster streamline regulatory reporting?

ReinsuranceMaster automatically pulls data from your accounting systems of record, supports North American and international standards including IFRS 17 compliance and maintains complete audit trails. Say goodbye to manual report consolidation and late-night headaches. 

Does ReinsuranceMaster make reinsurance programs more efficient?

AbsolutelyReinsuranceMaster replaces manual workflows and spreadsheets by automating premium and loss calculations, claims recoveries, and contract allocations. It integrates seamlessly with core systems, eliminates duplicate data entry, enables real-time tracking, and delivers precise reporting with built-in controls. 

How does ReinsuranceMaster improve data quality and accuracy?

ReinsuranceMaster works with your core systems, using automated data validation and full audit trails to track every transaction. It eliminates duplicate entries and calculation errors, while its extensive reporting library ensures accurate, consistent data across all reinsurance operations. 

How is ReinsuranceMaster supported?

ReinsuranceMaster is backed by professional services experts with deep reinsurance accounting knowledge. Our Sapiens Customer Summit (North America) and Client Conference (EMEA/APAC) provide product demos, experience sharing, and collaborative input to shape future product development.