SAP for Insurance covers all processes involved in business acquisition. It enables you to forecast relevant figures for all treaties, save quotation data, and define parameters and conditions. As a result, you can streamline business-acquisition processes, reduce administrative overhead, and improve activity transparency and auditability.

SAP for Insurance covers the key activities involved in treaty and facultative reinsurance administration, including:

• Submission – SAP solutions allow you to manage application data during business acquisition. The cedent can receive quotes from reinsurers, and brokers can be included in the process.
• Treaty projection – With SAP solutions, you can project treaty data for the treaty period. For example, in the life insurance business, the projected figures could incorporate parameters for mortality, cancellation, and interest.
• Underwriting – SAP solutions let you enter the conditions and shares for each partner and, if appropriate, each broker.
• Reinsurance allocation – With SAP solutions, you can assign policies to accumulation groups. You can also apply reinsurance programs to policies and accumulation groups or to the primary insurer's portfolio.
• Facultative cession processing – After you have applied reinsurance programs, you can establish the facultative cession requirement and make individual cessions.

Enabling Business Processes with SAP Applications

Treaty and facultative reinsurance management is enabled with SAP applications such as SAP Reinsurance Management. To find out how SAP Reinsurance Management can help you improve your treaty and facultative reinsurance management, please complete the "Contact SAP" form and request information about industry applications.