Manage the Process for Efficiency and Compliance
Negotiation Process
Negotiate Submissions
Negotiations can be carried on concurrently with all the reinsurers that received the submission.
- Negotiate individually and privately with each reinsurer.
- Track the progress of each private negotiation online as you arrange coverage with your partners.
- Collaborate on terms and conditions, including alternate reinsurance structures and counter offers.
- Bind reinsurance contracts online and view or download a summary of the agreement.
Summary of Agreement
When the negotiation concludes, the users have a complete view of the finalized agreement.
- View the terms, conditions, pricing information and attachments.
- Check the negotiation audit trail to view a complete and secure electronic file containing the history of the transaction.
- Reinsurers can create and attach a binder, certificate or even a policy as appropriate.
Endorse or Cancel Reinsurance
Reinsurance negotiated and bound on eReinsure can be endorsed or even canceled online.
- Negotiate the endorsement notice, any adjustment to premium or other terms and conditions of the endorsement.
- Distribute cancellation notices instantly and collaborate on the cancellation terms.