Soft*Re is a Ceded Reinsurance Management solution that supports the Reinsurance process for general insurance (P&C) and professional reinsurance carriers. Soft*Re handles the placement of subject premium and losses with reinsurers, plus the tracking of receivables and payables. Also, Soft*Re delivers accounting, management and regulatory reports. Soft*Re can integrate with existing policy and claim administration systems.
Soft*Re identifies the primary system premium and loss amounts and then automatically generates cessions based on Treaty and Facultative attachment points. Treaty can be setup Quota Share, Surplus Share and Excess of Loss arrangements.
The treaties can be setup with limits, brokers, commissions, locations and other group related information. The ceded premium is calculated based on the reinsurance participants and their participation percentages and also the treaty can be setup net of fac. The treaties can be setup with multiple levels of complicated inuring arrangements.