Reinsurance is an important part of your insurance business, with a potentially significant impact on your financials. Effective management of reinsurance is key to your competitive advantage -- and profitable growth.

SAP Reinsurance gives you the functionality you need to manage all aspects of reinsurance. The application provides end-to-end reinsurance processing, from ceding to recovery for both treaties and facultative reinsurance. That includes the ability to cede business internally to a central holding company, if desired, before ceding externally outside the organization.

SAP Reinsurance covers facultative, facultative-obligatory, and obligatory treaties according to periods and with their individual conditions, the participating business partners, and brokers. Treaty management encompasses all data for controlling settlements, as well as important information about the transferred business. You can use adjustable dialogs to administer proportional and non-proportional treaty types.

With SAP Reinsurance, flexible condition management enables the definition of reinsurance conditions for the entire treaty, for components of the treaty, or for the share for each partner participating in the treaty. Reporting tools allow you to create flexible evaluations and statistics, providing full transparency and control over risks. Efficient settlement functions enable the swift processing of settlement and payment transactions.