Reinsurance management software we provide

Reinsurance management software that closes treaty accounts in days, not weeks

Cessions in spreadsheets, bordereaux by email, and recoveries tracked by memory slow every quarter-end. We build reinsurance software that uses AI to read contract terms, calculate cessions, and flag recoveries before you miss them.

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Why reinsurance still runs on spreadsheets at so many companies

Reinsurance contracts are complex and varied. One program can mix quota share, surplus, per-risk excess, cat layers, and facultative placements, each with its own terms. Policy systems rarely model them well, so teams fill the gap with spreadsheets and email.

Svitla builds reinsurance management software that models every contract as written. Cessions calculate automatically from policy and claims data. Technical accounts, bordereaux, and recoveries follow from the same records, so finance, claims, and reinsurance teams see one version of the truth.

Who we serve

Primary insurers ceding risk

You buy treaty and facultative protection across several lines. You need accurate cessions, timely recoveries, and clear visibility of net exposure.

Reinsurers and retrocessionaires

You assume risk from many cedents and buy retro in turn. You need to process incoming bordereaux, manage accounts, and track accumulations across your book.

Reinsurance brokers

You place and service programs for many clients. You need contract data, account flows, and claim notifications that move cleanly between cedents and markets.

Challenges we address

The market is giving buyers more room to negotiate. Aon estimates global reinsurer capital reached a record $785 billion at the end of 2025 [Verify before publishing]. More capacity means more program changes, and every change has to flow through administration correctly.

Submissions built by hand

Challenge: Each renewal needs exposure, loss, and program data pulled from many systems.

How Svitla solves it: Submission packs build automatically from policy, claims, and prior-year data.

Terms that live only in the PDF

Challenge: Contract wording is retyped into systems, and clauses get missed.

How Svitla solves it: AI extracts key terms, such as limits, retentions, and reinstatements, for staff to confirm.

Cessions calculated in spreadsheets

Challenge: Analysts allocate premium and losses to treaties manually each period.

How Svitla solves it: Cession rules run automatically on every policy and claim transaction.

Technical accounts that take weeks

Challenge: Statements, bordereaux, and balances are rebuilt for each counterparty.

How Svitla solves it: We generate accounts and bordereaux from cession records in each partner’s format.

Our process at Svitla

STEP 1

Program inventory

We list every treaty, facultative placement, and counterparty, with key terms and current processes.

STEP 2

Data source review

We trace where policy, claims, and finance data come from and how often.

STEP 3

Contract modeling

We model each contract type and agree on calculation rules with your reinsurance team.

STEP 4

Build and connect

We build cession, accounting, and recovery tools and connect them to your systems.

STEP 5

Parallel quarter

The new system runs beside your current process for a full quarter. Results are reconciled line by line.

STEP 6

Expand

We add lines, entities, and assumed or retro business as your team is ready.

Schedule a call

Contract management

Supports proportional, non-proportional, and facultative contracts.

Extracts key terms from contract documents with AI.

Tracks versions, endorsements, and renewals.

Automated cessions

Applies cession rules to every policy and claim.

Handles layers, reinstatements, and aggregates.

Shows the calculation behind every number.

Technical accounting and bordereaux

Generates statements and bordereaux in partner formats.

Tracks balances, settlements, and disputes.

Supports ACORD and Lloyd's data standards where needed.

Claims recovery management

Monitors claims against treaty retentions and limits.

Alerts staff when a loss nears or pierces a layer.

Tracks notices, collections, and aging.

Exposure and accumulation analytics

Reports gross, ceded, and net exposure by peril and region.

Tracks cat accumulations against program limits.

Tests program changes before renewal.

Is custom reinsurance management software the best option for your needs?

Answer a few simple questions to find out whether you should choose a custom solution or a pre-built reinsurance management platform.

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Do you calculate cessions in spreadsheets?

Does closing technical accounts take more than two weeks?

Have you missed or delayed a recovery because a loss wasn't flagged?

Do your contracts include terms your policy system can't model?

Have you tried a reinsurance module that didn't fit your program?

Do you exchange bordereaux in several formats with different partners?

Would AI extraction of contract terms save your team time?

Do you report reinsurance under IFRS 17, Solvency II, or statutory rules?

Do you handle both ceded and assumed business?

Do you expect your program or counterparties to grow?

Important integrations for reinsurance management software

Policy administration systems

Policy and premium transactions feed cession calculations automatically, so ceded premium always matches written premium.

Claims systems

Paid and reserved losses flow in as they change. Recovery alerts depend on this link being timely.

General ledger and finance

Ceded and assumed entries post to the ledger, and balances reconcile with finance.

Catastrophe models and exposure data

Outputs from cat modeling tools load for accumulation tracking and program testing.

Broker and market platforms

Placements, accounts, and claims messages are exchanged using ACORD standards or partner formats.

Actuarial and reporting systems

Ceded results feed actuarial models and IFRS 17 or Solvency II reporting.

Faster recoveries

Automatic alerts on layer breaches.

Shorter recovery aging.

Fewer missed recoveries.

Faster close

Automated cessions each period.

Statements built from one record.

Fewer reconciling items.

Fewer errors

No spreadsheet formulas to break.

Terms checked at setup.

Full audit trail.

Better buying decisions

Clear view of net retained risk.

Data-backed renewal negotiations.

Faster submission preparation.

Lower operating cost

Less manual bordereaux work.

Fewer counterparty disputes.

No extra headcount for growth.

Program and contract discovery

We review every contract type, clause, and counterparty. We document calculation rules with your reinsurance and finance teams.
Data model design

We design one model for contracts, layers, cessions, accounts, and recoveries that supports ceded, assumed, and retro business.
Integration build

We connect policy, claims, finance, and partner systems. We validate and reconcile each feed on arrival.
Calculation engine

We build cession, reinstatement, and aggregate logic. We test every rule against your historical calculations.
AI and analytics

We add contract term extraction, recovery alerts, and exposure analytics. Staff confirms every AI-extracted term before use.
Parallel run

The new system runs beside your current process for a full quarter. Differences are traced and resolved.
Rollout and extension

We migrate historical contracts, train users, and add lines, entities, or reporting bases in stages.

How much does reinsurance management software cost?

A focused ceded reinsurance solution for a regional insurer, MGA, or captive typically costs $150,000 to $300,000. It covers contract setup, automated cessions, bordereaux, and recovery tracking. A platform for reinsurers or large cedents with assumed, ceded, and retro business, technical accounting, and accumulation analytics typically costs $400,000 to $900,000. The final cost depends on contract types, counterparties, and integrations.

Want to understand the cost of your reinsurance management software?

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Check our client success cases

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Consulting

We review your program, contracts, and processes, then define the scope and roadmap for custom software.

Engineering

We build contract, cession, accounting, and recovery tools around your program.

Modernization

We audit your spreadsheets or legacy reinsurance system and plan the migration. The new platform adds automated cessions and recovery alerts the old setup lacked. We cut over after a parallel quarter and validate every account.

Bordereaux and partner integration

We build and maintain data exchanges with brokers, reinsurers, and cedents in their formats.

AI model retraining and support

We monitor contract extraction and alert accuracy, and retrain models as contract wording and data change.

Team extension

We add developers and data engineers to your team for new lines, entities, or reporting needs.

FAQ

Why not use the reinsurance module in our policy system?

Many policy systems handle simple quota share well. They struggle with layered programs, reinstatements, aggregates, and facultative placements. A dedicated system models those contracts properly and keeps your policy system simpler.

Can it handle both treaty and facultative reinsurance?

Yes. Treaty and facultative contracts share one data model. Facultative placements link to the specific policies they protect.

How does AI extract contract terms?

AI reads contract documents and suggests key terms, such as limits, retentions, and reinstatement provisions. Staff confirms each term before it’s used in calculations. The source text is linked for review.

What happens when a large loss pierces a layer?

The system checks every claim update against your treaties. When a loss nears or exceeds a retention, the system alerts the right people and tracks recovery through collection.

Can it support IFRS 17 for reinsurance contracts held?

The system provides ceded cash flows and contract data at the level your IFRS 17 process needs. It feeds your actuarial and accounting engines with consistent, traceable data.

How do you handle different partner data formats?

We map each partner’s bordereaux and account formats to our data model. ACORD standards are used where partners support them. We can add new formats without code changes to the core.

How do we migrate historical contracts?

We migrate active contracts and the history needed for open recoveries and accounts. Older contracts can be archived in read-only form. Every migrated balance is reconciled.

How long does implementation take?

It depends on the program and integrations. Most projects include at least one full parallel quarter before go-live.

Can a small captive or MGA use it?

Yes. We can scope a lighter version with contract setup, cessions, and bordereaux. You can add more features as the program grows.

Move your reinsurance program out of spreadsheets this year

Tell us about your reinsurance program. We’ll show you what custom reinsurance management software could change first.