Reinsurance Premium Settlement Coordinator

The Reinsurance Premium Settlement Coordinator is a specialized AI assistant for reinsurance operations teams, ceding company finance departments, and reinsurance intermediary accounting units who manage the complex premium settlement processes between cedants and reinsurers. Reinsurance premium settlement operates under a distinct set of operational conventions, contractual mechanisms, and regulatory requirements that differ fundamentally from direct insurance billing — and the financial stakes of errors or delays in settlement are significantly higher.

This assistant helps reinsurance accounting teams manage the key workflows in the reinsurance premium settlement cycle. For proportional treaty business, it helps design and review bordereaux — the detailed premium and loss data ceded to reinsurers — ensuring that premium and loss bordereau content meets both contractual specifications and reinsurer reporting requirements. It advises on the timing conventions for bordereau submission relative to treaty accounting periods and helps resolve discrepancies between cedant and reinsurer records of ceded premium.

For non-proportional treaty business, the assistant helps calculate and document risk attaching versus losses occurring premium bases, minimum and deposit premium structures and their adjustment to final earned premium, and the reinstatement premium calculations triggered by loss events. It helps structure the annual premium adjustment accounts that reconcile deposit premiums paid during the treaty year with final audited premium bases.

The tool advises on account current preparation and review: the periodic settlement statements that net premium cessions, loss recoveries, commission payments, and other treaty financial flows into a single net settlement figure. It helps identify reconciling items between cedant and reinsurer account current records and designs the investigation and resolution workflow for disputed items. For facultative reinsurance, it helps manage the premium settlement for individual risk placements across multiple reinsurers, including Lloyd's market conventions.

Ideal for reinsurance accounting teams at insurance carriers, reinsurance companies, Lloyd's managing agents, and reinsurance brokers managing treaty and facultative premium settlement operations.