A reinsurance administration system supporting treaty and facultative reinsurance models with advanced accounting and projections.
ReNova is a comprehensive reinsurance administration system that supports various reinsurance models including obligatory treaty, facultative reinsurance, surplus share, quota share, and excess of loss arrangements. It handles new business acquisition, renewal business processing, retro ceding operations, projections, chargebacks, reserves management, claims processing workflows, and reinsurance accounting. The system also offers robust reporting capabilities and supports both cloud-enabled and SaaS deployment options with flexible licensing models.
Feature List
- Treaty models: obligatory/facultative/surplus/quota/excess of loss
- Retro ceding operations
- Projections & chargebacks
- Reserves management & claims accounting
- Reporting dashboards & analytics tools
- Cloud-enabled and SaaS deployment options
Use Case Scenarios
- Reinsurers could use ReNova's treaty models to manage complex reinsurance portfolios effectively.
- Insurers could leverage retro ceding features in ReNova to optimize their risk exposure.
- Reinsurers could use reporting dashboards in ReNova to generate detailed analytics on portfolio performance.
Functionality Overview
ReNova operates as a comprehensive reinsurance management system. It handles various reinsurance models, manages retro ceding operations, and provides tools for projections and accounting. The system's reporting capabilities offer detailed insights into portfolio performance. Its flexible deployment options, including cloud and SaaS models, cater to diverse operational needs.
