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Connected

Reducing operational friction between reinsurers and insurers. That's the power of Guidewire.

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Smooth Operations Across the Insurance Lifecycle

Guidewire Reinsurance Management streamlines ceded reinsurance and boosts efficiency in managing treaty and facultative agreements across underwriting and claims.

  • Enable Processes

    • Structure and administer reinsurance programs in a centralized repository
    • Handle a wide range of proportional and non-proportional agreements
    • Link the right agreements to the right risks and losses automatically
    • Detect and manage facultative arrangement needs
    • Leverage calculation engines to determine ceded reserves, and recoverable amounts for proportional agreements
    • Support audit and compliance needs

  • Drive Results

    • Increase operational efficiency and effectiveness
    • Reduce excessive risk exposure
    • Lower recoverable leakage
    • Enforce consistency and reduce errors
    • Promote regulatory compliance
    • Benefit from a flexible, integrated suite
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“Diversity of model creation and usage is encouraged by open data. This is in the industry's interest.”

Ian Branagan

Chief Risk Officer, RenaissanceRe

Earning the Cost of Capital, Collaborative Portfolio Management, and the Role of Technology

While reinsurers need to consider risk selection and pricing, they also must focus on operational excellence, efficiency, and transfer of risk throughout the value chain. Technology can play a significant role here in shaping and driving insurance innovation, bringing solutions together to solve business problems, rather than transactional problems, and reducing negative friction. 

Watch more from the interview at Rendez-Vous de Septembre (RVS) 2023 in Monte Carlo with John Mullen, President and Chief Revenue Officer, Guidewire.

Reducing Expenses for Reinsurers, Optimizing Return on Investment for Technology Spend

Frictional expense can comprise up to 30% of every dollar of premium. Reinsurers can optimize their technology investment ROI, and reduce cost, by focusing on its efficient use - ensuring systems, workflows, and information are used by the right people in the right way. They should also leverage technology so as to reduce frictional costs. Additionally, a changed mindset that accommodates an interoperable approach between businesses to data should result in material savings.   

Watch more from the interview at Rendez-Vous de Septembre (RVS) 2023 in Monte Carlo with Charles Clarke, Group VP, Guidewire Analytics.

Curious What We Can Do for You?

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