Reinsurance Cession Workflow
The reinsurance cession workflow — how a policy bind triggers automatic treaty cession, how cession records flow to bordereau, and how treaty limits are monitored in real time.
Full Reinsurance Module Request DemoHow cession flows from policy to bordereau.
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1Policy binds with coverage exceeding treaty threshold
At bind, the rating engine compares the policy's maximum coverage against the treaty retention threshold. If exceeded, the cession calculation begins automatically.
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2Ceded premium calculated and recorded
The applicable treaty layer, cession percentage, and ceded premium are calculated and stored as a cession record against the policy. This record is immutable and timestamped.
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3Treaty utilisation updated
The treaty record's premium ceded total and limit utilisation percentage update in real time. The dashboard reflects current treaty status without manual calculation.
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4Bordereau generated at reporting cycle
At the end of the reporting period, the bordereau export includes all cession records for that period in Lloyd's or NAIC format. No manual compilation required.