A complete suite for Reinsurance (Life) administration of facultative and treaty business
Reinsurance (ReNova New)
A Complete Suite for Reinsurance Administration
Obligatory Treaty, Facultative Treaty, Several Retention Methods, Sum-At-Risk Computations, Reinsurance Claims. Easy Plug-in to any Policy Admin System.
Treaty Engine
Obligatory Treaty & Facultative, configurable with parameters. Several Retention Methods and Premium Dimensions.
SAR Engine
Net Premium, Gross Premium (Uploads), Reserve Factors, Cashflows, Excel Uploads. Complex Actuarial Formula with simplified modeling.
Cession Engine
New Business, Renewal, Retro Ceding, Projections, Chargeback, Reserves, Claims, Facultative Flagging, Redo/Undo Transactions.
Technical Accounting
Automated premium allocations, claims recoveries, bordereau verification, statement generation, and currency settlements.
Retrocession Processing
End-to-end management of retrocession outwards programs, tracking capacity utilization, collateral, and reinsurer exposure limits.
Bordereaux & Reports
Bordereaux, Statement of Accounts, Reserves, Outstanding Statements, Extracts, and IFRS 17 regulatory reports.
| Line of Business | ReNova Code | Cloud Enabled | SaaS | Licensing |
|---|---|---|---|---|
01Individual / Retail Business | ReNova-I | Yes | Yes | Perpetual, Subscription |
02Group Business | ReNova-G | Yes | Yes | Perpetual, Subscription |
03Health Business | ReNova-H | Yes | Yes | Perpetual, Subscription |
04Micro Business | ReNova-M | Yes | Yes | Perpetual, Subscription |