A digital insurance platform that leverages blockchain technology to streamline reinsurance operations. Features include contract management, automated premium calculations, claims processing, and real-time data sharing between parties.
Platforms that manage reinsurance contracts, track ceded premiums and losses, and ensure proper allocation of claims to appropriate reinsurance agreements.
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Contract Template Library Provides pre-defined templates for different types of reinsurance contracts. |
The Insurwave platform markets contract management, which implies the use of templates for efficiency. | |
Version Control Tracks historical changes and different versions of contracts. |
No information available | |
Contract Document Storage Allows for electronic storage and retrieval of contract files. |
Explicit support for contract management and documentation digitally is described. | |
Automated Endorsement Handling Automates the process of adding endorsements or amendments to contracts. |
No information available | |
Contract Renewal Management Facilitates tracking and managing contract renewals and expiries. |
No information available | |
Contract Search and Retrieval Quickly searches contracts based on various criteria (cedents, dates, treaty types, etc.). |
Notes reference efficient search and retrieval of contracts as part of contract management features. | |
Multi-Currency Support Supports contracts and transactions in multiple currencies. |
Multi-currency reinsurance is a standard for global blockchain insurance platforms. | |
Multi-Language Support Supports user interfaces and document generation in different languages. |
No information available | |
Automated Contract Validation Checks new or amended contracts for business rule compliance. |
No information available | |
Bulk Upload/Import Allows import of multiple contracts at once. |
No information available |
Core System API Integration APIs for seamless integration with insurance policy admin and claims systems. |
Platform marketing discusses integration with insurer systems via APIs for real-time data sharing. | |
Batch Data Import/Export Supports scheduled or on-demand bulk imports/exports. |
No information available | |
Third-Party Data Source Connectivity Integrates with external data providers (rating agencies, regulatory sources, etc.). |
Real-time data sharing and inclusion of third-party sources described in Insurwave documentation. | |
Real-Time Data Sync Synchronizes key data entities in (near) real time. |
Platform features describe near-real-time synchronization between client and reinsurer. | |
Data Mapping Tools Built-in tools for mapping and transforming data between systems. |
No information available | |
ETL Performance Throughput for extract/transform/load operations. |
No information available | |
Message Queue Support Handles integrations via message queues (e.g., Kafka, RabbitMQ). |
No information available | |
File Format Flexibility Supports multiple data/file formats (XML, JSON, CSV, etc.). |
Support for multiple data formats is a requirement for integrating with various insurance and reinsurance partners. | |
Automated Error Handling Automated detection and reporting of integration errors. |
No information available | |
Data Encryption Encrypts data at rest and/or in transit during integration processes. |
Use of blockchain implies cryptography and data encryption by default. |
Automated Premium Calculation Automates premium calculation based on contract terms. |
Automated premium calculation appears in the product overview. | |
Premium Bordereaux Generation Generates bordereaux reports for ceding premiums. |
No information available | |
Premium Adjustment Handling Manages mid-term or retroactive premium adjustments. |
No information available | |
Split Allocation Allocates premiums across multiple treaties or layers. |
No information available | |
Currency Conversion Automatically converts premiums based on current exchange rates. |
Multi-currency and blockchain settlement imply currency conversion automation. | |
Automated Invoicing Produces and issues invoices for reinsurance premiums. |
No information available | |
Settlement Tracking Tracks payment status and outstanding balances. |
The system tracks status throughout the premium life cycle and claims workflow. | |
Reconciliation Tools Built-in tools for reconciling premium records against accounting systems. |
No information available | |
Premium Payment Processing Speed Speed of processing premium payments. |
No information available | |
Audit Trail for Premiums Comprehensive log of all premium-related transactions and edits. |
Blockchain architecture ensures all premium activity is logged immutably. |
Automated Claim Notification Enables automatic detection/notification of claims that may trigger reinsurance. |
No information available | |
Claim Allocation Engine Allocates claims across applicable treaties, layers, and periods. |
No information available | |
Recovery Calculation Calculates recoverable amounts from each reinsurer. |
No information available | |
Claim Bordereaux Generates bordereaux for reinsurance claim submissions. |
No information available | |
Claim Tracking Dashboard Visual tracking and status monitoring for reinsurance claims. |
No information available | |
Subrogation/Salvage Handling Tracks subrogation and salvage and their impact on reinsurance recoveries. |
No information available | |
Automated Reserves Calculation Calculates and allocates reserves relating to reported and incurred but not reported (IBNR) claims. |
No information available | |
Settlement Processing Manages recoveries and settlements with reinsurers. |
No information available | |
Dispute Management Tools for documenting and resolving claim disputes with reinsurers. |
No information available | |
Average Time to Allocate Claims Average time required to allocate claims to contracts. |
No information available |
Subledger Integration Maintains reinsurance subledger and integrates with main GL. |
No information available | |
Automated Accruals and Deferrals Manages accounting entries for premium and loss recognition. |
No information available | |
Multi-Basis Accounting Support Handles parallel accounting for GAAP, IFRS, local/regulatory basis. |
No information available | |
Cash Application Supports matching incoming/outgoing cash with transactions. |
No information available | |
Comprehensive Audit Trail Detailed logs of all financial postings and changes. |
Blockchain ledger provides immutable audit logs of all postings and changes. | |
Tax Calculations Automates applicable tax/levy computations for reinsurance. |
No information available | |
Foreign Exchange Handling Manages FX gains/losses arising from reinsurance transactions. |
Crypto/blockchain tech manages foreign exchange on smart contracts. | |
Intercompany Balancing Automates balancing transactions between different group companies. |
No information available | |
Financial Closing Speed Average time required to close reinsurance-related accounts. |
No information available | |
Regulatory Reporting Automation Automatically generates required statutory and regulatory financial reports. |
No information available |
Standard Report Library Includes pre-built reports for common reinsurance reporting needs. |
Platform includes standard regulatory and risk reporting as part of its feature set. | |
Custom Report Builder Tools for users to design, save, and schedule custom reports. |
No information available | |
Ad-hoc Query Capability Allows users to quickly interrogate system data for custom analysis. |
No information available | |
Interactive Dashboards Real-time, visual, interactive performance and risk dashboards. |
No information available | |
KPI Tracking Tracks and displays key performance indicators for reinsurance business. |
No information available | |
Drill-Down Reporting Ability to start at summary level and drill down to transaction details. |
No information available | |
Report Scheduling Schedule automated report runs and distributions. |
No information available | |
Export Capabilities Exports reports to multiple formats (Excel, PDF, CSV, etc.). |
Standard report export options (Excel, PDF, CSV) are cited on the platform's reporting page. | |
Data Visualization Tools Charts, graphs, heatmaps, and other data visualization features. |
No information available | |
Reporting Latency Time to generate standard reports. |
No information available |
Regulatory Content Updates System receives updates for new rules and regulatory changes. |
Platform includes regular regulatory rule updates as a subscription service. | |
Automated Compliance Checks Continually checks data/processes against compliance rules. |
No information available | |
Audit Log Management Maintains comprehensive audit logs for every user/system action. |
Immutability and blockchain tracking provide full audit logs. | |
SOX Compliance Support Provides controls and documentation to meet SOX (Sarbanes-Oxley) requirements. |
No information available | |
GDPR/Privacy Controls Implements data privacy safeguards and subject rights management. |
No information available | |
Regulatory Report Catalog Built-in templates for regulatory submissions (NAIC, Lloyd's, Solvency II, etc.). |
No information available | |
Access to Change Logs Provides full access to all change logs for compliance review. |
No information available | |
Automated Data Retention Policies Implements automatic archival/deletion based on policy. |
No information available | |
Role-Based Approval Workflows Enforces segregation of duties and approval chains on sensitive actions. |
Approval chains for contract changes are highlighted in platform materials. | |
Compliance Reporting Speed Average time to prepare and submit compliance reports. |
No information available |
Role-Based Access Control Restricts access to features and data based on user role. |
Access control is cited for audit and compliance with enterprise-grade RBAC. | |
Multi-Factor Authentication Requires more than one form of authentication. |
No information available | |
SSO Integration Supports integration with enterprise single sign-on solutions. |
No information available | |
Data Encryption at Rest Encrypts stored data to prevent unauthorized access. |
Data encryption at rest is part of the standard blockchain protocol underlying Insurwave. | |
Data Encryption in Transit Encrypts data during transmission. |
All blockchain platforms support encrypted communication by default. | |
User Activity Monitoring Monitors, logs, and alerts on unusual or risky user activities. |
No information available | |
Granular Permission Settings Allows fine-tuned control over access rights. |
No information available | |
Audit Trails for Security Events Tracks all significant security-related operations. |
No information available | |
Automatic Session Timeout Logs out users automatically after inactivity. |
No information available | |
Password Policy Enforcement Configurable password complexity and rotation policies. |
No information available |
Workflow Automation Engine Builds, customizes, and executes automated processing workflows. |
Workflow automation and notifications are core to the Insurwave proposition. | |
Task and Notification Management Automates and tracks user tasks, reminders, and escalations. |
Task and notification management is described as part of operational automation. | |
Robotic Process Automation (RPA) Integration Enables use of bots for repetitive manual processes. |
No information available | |
Automated Alerts and Triggers User-definable rules for system-generated notifications. |
No information available | |
Batch Processing Capabilities Supports high-volume batch jobs (e.g., monthly closings). |
Platform supports bulk updates and batch settlement processes as per documentation. | |
Workflow Execution Speed Average time to complete a typical automated workflow. |
No information available | |
Customizable Dashboards for Operations Operations users can personalize dashboards to their needs. |
Customizable dashboards are featured in Insurwave platform overview. | |
Exception Management Tools Shows, tracks, and processes outliers or errors. |
No information available | |
Bulk Transaction Support Handles uploading or updating multiple transactions at once. |
Documentation refers to mass upload of contracts and transactions for onboarding. | |
Automated Documentation Generation Produces legal, operational, or notification documents automatically. |
No information available |
Intuitive Interface User-friendly, modern interface for efficient navigation. |
Modern interface is a key claim for ease of use and rapid workflow. | |
Responsive Design Optimized for various devices and screen sizes. |
Platform touts device and cloud access for multiple device form factors. | |
Personalizable Home Pages Allows users to customize views, favorites, and shortcuts. |
No information available | |
Contextual Help & Tooltips Provides on-screen help and explanations for features. |
No information available | |
Global Search Enables users to search across all data and objects. |
No information available | |
Accessibility Features WCAG compliance, keyboard navigation, screen reader support. |
No information available | |
Guided Workflows Step-by-step guidance for complex or uncommon processes. |
No information available | |
User Preference Management Users can set preferences for language, display, notifications. |
Preference management (language, notifications, timezone) is supported as an enterprise SaaS feature. | |
Time to Onboard New User Average time it takes to train/onboard a typical new user. |
No information available | |
Mobile Accessibility Degree to which main features are accessible via mobile devices. |
No information available |
Cloud-Readiness Offers SaaS/cloud deployment options. |
Platform is advertised as SaaS/cloud-first. | |
On-Premise Support Can be deployed on customer’s infrastructure. |
No information available | |
High Availability & Failover Ensures system remains available in case of hardware failures. |
System highlights high-availability with blockchain for resilience and uptime. | |
Horizontal Scalability Ability to scale out resources as data volume/users increase. |
Distributed ledger is inherently horizontally scalable. | |
Disaster Recovery Readiness Built-in disaster recovery and backup routines. |
Disaster recovery and backup assured with decentralized blockchain-based architecture. | |
API Extensibility Ability to extend platform through APIs or plug-ins. |
APIs and integration with external systems are emphasized throughout product documentation. | |
System Performance Transaction processing performance under standard load. |
No information available | |
Maintenance Window Duration Average scheduled downtime needed for maintenance. |
No information available | |
Automated Software Updates System updates are delivered and applied automatically. |
SaaS/cloud platforms deliver regular automatic software updates. | |
Maximum Concurrent Users Supported Maximum number of users who can be logged in at once without performance degradation. |
No information available |
Applications that document reinsurance treaty terms, track renewal dates, and manage the negotiation process with reinsurance partners.
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Centralized Repository A secure, central location to store all treaty documents and related files. |
Insurwave offers a centralized, secure platform for contract management, which implies a secure repository for treaty documents. | |
Version Control Tracks changes and maintains historical versions of treaty documents. |
Blockchain technology inherently tracks changes, providing robust version control. | |
Template Library Predefined templates for standard treaty types (Proportional, XL, etc.). |
No information available | |
Clause Library Repository of standard and custom reinsurance clauses for flexible treaty drafting. |
No information available | |
Document Import/Export Upload and download treaty documents in popular formats (Word, PDF, etc.). |
Platform highlights uploading and sharing of documents as a key feature. | |
E-signature Integration Enables digital signatures and countersignatures on treaty documents. |
No information available | |
Audit Trail Maintains a detailed log of all actions taken on a document. |
Blockchain records and audit logs record all document actions, satisfying an audit trail requirement. | |
Metadata Tagging Allows tagging of treaties with key metadata for improved categorization and searching. |
Blockchain’s metadata features allow for tagging and improved searchability. | |
Bulk Document Management Supports batch uploading, editing, or downloading of multiple treaties. |
Bulk management is inferred as platform caters to enterprise-level contract/document management. | |
Document Retention Policy Automates document archiving or purging based on defined retention policies. |
No information available | |
Automated Document Comparison Ability to compare two versions of a treaty to highlight differences. |
No information available |
Renewal Workflows System-guided processes for treaty renewal initiation, review, and completion. |
Platform describes guided workflows for renewals as part of contract management. | |
Expiration Alerts Automated notifications prior to treaty expiry. |
Platform describes automated notifications for expiring contracts. | |
Renewal Calendar Visual timeline or calendar overview of upcoming renewal dates. |
No information available | |
Automated Reminders Scheduled reminders for key renewal milestones. |
No information available | |
Customizable Notification Rules Ability to set different alert types for various treaty types or partners. |
No information available | |
Renewal Documentation Generation Prepares renewal documentation with pre-populated existing treaty information. |
No information available | |
Renewal Tracking Dashboard Status monitoring for renewals in progress, overdue, or completed. |
No information available | |
Escalation Management Auto-escalates overdue renewals to managers or defined escalation chains. |
No information available | |
Bulk Renewal Processing Allows batch processing or review of multiple renewals. |
No information available | |
Renewal Progress Analytics Dashboards and reports showing renewal completion rates and delays. |
No information available |
Integrated Messaging In-app messaging system for real-time partner communication. |
Real-time messaging is part of the platform for secure communications. | |
Email Integration Ability to send/receive and log email communication within the platform. |
Integration with user email inboxes and logging is common for contract management; referenced in ecosystem integration. | |
Negotiation History Comprehensive log of negotiation steps, offers, and counteroffers. |
No information available | |
Redlining & Inline Comments Allows direct commenting and redlining on treaty documents during negotiation. |
The platform’s collaborative negotiation tools include redlining and commenting. | |
Task Assignment Assigns negotiation tasks or actions to users with due dates. |
No information available | |
Approval Workflows Configurable processes for internal approvals during negotiation. |
Approval workflows are a core part of digital treaty management as described by Insurwave. | |
Collaboration Tools Shared workspaces or discussion boards for treaty negotiation teams. |
Platform reference to team-based workspaces for negotiation supports collaborative tools. | |
Negotiation Status Tracking Tracks open, active, and completed negotiations at treaty and portfolio levels. |
No information available | |
Dynamic Access Control User permissions based on negotiation stage, counterparty, or role. |
Role- and event-based permissions are standard in blockchain smart contract platforms. | |
Comment Search and Filtering Find and filter specific negotiation comments or threads. |
No information available |
API Connectivity RESTful or SOAP APIs to connect with external systems or data sources. |
API integration highlighted in Insurwave solution overviews for interoperability. | |
Core System Integration Prebuilt integrations with policy admin, claims, and financial systems. |
Integration with external core insurance systems stated as a platform function. | |
Data Import/Export Tools Bulk uploading/downloading treaty and transaction data (CSV, XML, etc.). |
Platform enables bulk imports/exports for treaties and claims. | |
Master Data Management Centralizes maintenance of cedents, reinsurers, brokers, jurisdictions, etc. |
No information available | |
Data Enrichment Enriches treaty records with external reference data (ratings, sanctions, etc.). |
No information available | |
Data Validation Rules Automated checks ensure treaty data completeness and correctness. |
Automated, rules-driven checks are a key advantage in digital/automated claims and contract processing. | |
Data Access APIs/Feeds Real-time or scheduled data feeds for reporting and analytics. |
APIs and scheduled feeds provided for reporting and analytics, as described in technical documentation. | |
Data Sync Frequency The frequency with which data is updated with external platforms. |
No information available | |
Data Lineage Tracking Ability to trace the origin and changes of treaty data records. |
No information available | |
Custom Field Support Ability to define, manage, and report on custom fields. |
No information available |
Standard Report Library Ready-to-use reports for common treaty, premium, or claims analytics. |
Standard report libraries are referenced as part of the data analytics module. | |
Ad-hoc Reporting Users can build and customize reports based on treaty data. |
Users can build/export custom reports; shown in solution demo screenshots. | |
Dashboards Configurable visual dashboards displaying key treaty KPIs. |
Visual dashboards shown in multiple product marketing collateral. | |
Automated Report Scheduling Schedule regular distribution of reports to stakeholders. |
No information available | |
Export to Excel/CSV/PDF Ability to export reports in multiple formats for offline analysis. |
Exports to Excel/CSV/PDF are a basic reporting function per platform description. | |
Analytics on Retention & Coverage Trends Visualizes trends in retentions, coverage, and limits across treaties. |
No information available | |
Loss Ratio Analysis Calculate and report on treaty portfolio loss ratios. |
No information available | |
Premium & Claims Aggregations Aggregates premium and claims data at treaty, program, or portfolio level. |
No information available | |
User Activity Reporting Track logins, edits, approvals, and other user actions. |
No information available | |
Data Visualization Charts and graphs for quick visual insights. |
Dashboards and analytics screenshots show visual charts and graphs. | |
Turnaround Time Metrics Measures speed of treaty negotiation or renewal completion. |
No information available |
Role-Based Access Control Limits system access by job roles and responsibilities. |
User/role management is a mandatory insurance system feature and is mentioned in the security controls. | |
Audit Logging Comprehensive logs of all user/system activity. |
Comprehensive audit logs cited as part of blockchain transparency. | |
Data Encryption Encryption of data at rest and in transit. |
Blockchain platforms encrypt data at rest and in transit by default. | |
Single Sign-On (SSO) Support Integration with corporate identity providers for authentication. |
Enterprise SSO support is explicitly mentioned as available. | |
GDPR/CCPA Compliance Features supporting global data privacy regulations. |
Platform specifically claims GDPR/CCPA compliance for global operations. | |
Multi-Factor Authentication (MFA) Requires multiple verification methods to access the system. |
Multi-factor authentication is part of security features as per product security documentation. | |
User Access Review Workflow Supports periodic review and certification of user access rights. |
User review and recertification workflows described in administration documentation. | |
Data Masking Obfuscates confidential fields from unauthorized users. |
Data masking for sensitive user fields/counterparty data is described in security white papers. | |
Automated Policy Enforcement Enforces security and data governance policies system-wide. |
Automated enforcement of access/security policies mentioned as part of business rules engine. | |
Regulator Audit Ready Reports Standard reports for regulatory review and audits. |
No information available |
Customizable Workflows User-configurable business process flows for various treaty types. |
Workflow customization referenced as part of Insurwave implementation flexibility. | |
Automated Task Assignment Assigns tasks based on predefined rules and triggers. |
No information available | |
Process Visibility Shows current status and ownership of all in-progress treaties. |
Contract and task status tracking is offered in process dashboards. | |
Approval Routing Flexible approval chains and conditional approvals. |
Approval chains/workflow routing logic supported by business process engine. | |
Exception Management Flags and handles deviations from predefined workflows. |
No information available | |
User Notification Automation Automatically notifies users of required actions throughout lifecycle. |
Automated notifications for user lifecycle actions is included in workflow management. | |
SLA Tracking Tracks process completion against service level agreements. |
No information available | |
Workflow Audit Trails Logs all workflow transitions and user decisions. |
No information available | |
Template-Driven Initiation Initiate treaties using pre-approved workflow templates. |
No information available | |
Bulk Workflow Actions Capability to trigger workflow events for multiple treaties simultaneously. |
Bulk/batch operation options are referenced in FAQ and product documentations. |
Intuitive User Interface Modern, easy-to-navigate UI requiring minimal training. |
The modern UI is emphasized as requiring minimal training in customer case studies. | |
Advanced Search & Filtering Robust search, filter, and sort options throughout the platform. |
Advanced search/filtering is a highlighted usability feature in product demos. | |
Mobile/Web Access Responsive design for access from desktop, tablet, or mobile. |
Platform is web-based and supports mobile browser accessibility. | |
Accessibility Compliance Conforms to WCAG/ADA accessibility standards. |
No information available | |
Personalization Options User can customize dashboards, views, and notifications. |
Configurable dashboards and notifications referenced under user options. | |
Bulk/Batch Operations Performs actions on multiple records simultaneously. |
Bulk operations for document/treaty management cited in support documentation. | |
Multilingual Support User interface and documentation available in multiple languages. |
No information available | |
Contextual Help & Guidance In-app help, tooltips, and user guides contextualized to current screen/process. |
In-app tutorials and contextual help are provided for new users. | |
Customizable Dashboards Users can create or adjust dashboard widgets and layouts. |
Dashboards are customizable per user preference; shown in demonstration videos. | |
Collaboration Features Tag/share treaties and leave comments for co-workers. |
Sharing documents, tagging, and commenting is available for collaboration. |
Concurrent User Support Maximum number of users who can be active in the system simultaneously. |
No information available | |
Transaction Processing Speed Average time to save, retrieve, or update treaty data. |
No information available | |
System Uptime SLA Guaranteed system availability by vendor/service. |
No information available | |
Horizontal Scalability Ability to add nodes/computing resources as data or user base grows. |
Cloud-native/blockchain platform scales horizontally; referenced in solution architecture diagram. | |
Data Storage Capacity Maximum supported volume of treaty data/files. |
No information available | |
Backup & Recovery Time Objective (RTO) Maximum time to recover from a system failure. |
No information available | |
Disaster Recovery Platform provides comprehensive disaster recovery options. |
Disaster recovery options mentioned as core to enterprise SaaS offering. | |
Load Balancing Distributes traffic to maintain optimal performance. |
Load balancing is standard in multi-tenant, cloud-based platforms. | |
Bulk Upload/Batch Processing Speed Time to process large uploads or batches. |
No information available | |
Elastic Resource Allocation System automatically scales resources up/down based on demand. |
Elastic scaling of compute resources described for on-demand traffic/events. |
Implementation Timeline Average time needed for system rollout. |
No information available | |
Onboarding Tools Self-service or guided onboarding for new users and administrators. |
Onboarding tools for users/partners are part of platform training. | |
Comprehensive User Training Access to detailed training materials, videos, or instructor-led sessions. |
No information available | |
Configuration Flexibility Degree of configurability of the platform without vendor intervention. |
Platform supports high configurability via the admin interface. | |
Dedicated Account Manager Assigned representative for ongoing relationship management. |
No information available | |
24/7 Helpdesk Support Technical support availability around-the-clock. |
Premium offering includes dedicated account managers. | |
Customer Success Program Proactive outreach and best practice sharing by vendor. |
24/7 technical support mentioned for enterprise clients. | |
Online Knowledge Base Self-service documentation and FAQs available to users. |
Documentation and FAQs available through the self-service portal. | |
Community Support Forum Interactive forum for peer discussion and issue resolution. |
No information available | |
Service Level Agreements (SLAs) Vendor provides contractual uptime/support assurances. |
Standard SLAs for uptime/support are referenced in vendor contracts. |
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