Regure vs SARB
A factual comparison for reinsurance broking operations. Everything stated about SARB comes from publicly available vendor information; where public detail does not exist we say so rather than fill the cell. Everything stated about Regure is capability we can demonstrate.
How to read this comparison
Most vendor comparison pages are written to make the other product look bad, and any buyer who has sat through a few of them knows it. This one is written differently, because the useful question for a reinsurance broker is rarely “which of these two is better”.
The useful question is: what still happens outside whichever system you already have? If the answer is “nothing”, you do not have a problem worth solving and this page has done its job by telling you so. If the answer involves a spreadsheet that holds the panel, an inbox that holds the responses and a Word template that becomes the closing, that gap is worth a conversation regardless of which system you keep.
So: publicly documented SARB capabilities first, then the operational work that tends to escape reinsurance systems generally, then what Regure does, then a side-by-side. No invented cells.
What SARB says it does
SARB is a reinsurance broking system from Simson Softwares Private Limited, an Indian software company established in 2001 that sells insurance and reinsurance broking systems across Asia, the Middle East and Africa. The following is drawn from the vendor's own published descriptions.
Facultative and treaty business
The vendor describes support for all types of reinsurance contract — treaty and facultative, proportional and non-proportional — with business process and claims management for each.
Modular ERP structure
Described by the vendor as broadly divided into five major modules, covering information management, back-office management and business management for reinsurance brokers.
Premium, claims and funds
Tracking of policies, claims and premiums; generating and sending debit notes; collecting and remitting funds; processing claim intimations and settlements.
Documents and communication
Integrated SMS, email and electronic document management, alongside business analysis and reporting. SARBNewGen is positioned by the vendor as the current generation, aimed at workflow management and data visibility.
That is a broad and long-established feature set, and for a firm whose operating model fits it, it may be the right answer. What the public material does not describe is how the system is deployed, how much of it is configurable per firm, what the implementation looks like, or how it integrates — which is why several rows in the table below are marked not publicly documented rather than guessed at.
What still happens outside the system
This is true of reinsurance operations generally, not of any particular vendor. Ask your own team which of these still happens in your firm — the answer is the actual size of the problem.
The panel lives in a spreadsheet
Markets, shares and who has come back are tracked in a workbook that one broker maintains, because it is faster to update than the system and it is shaped exactly like this placement.
The chase lives in an inbox
Who was approached, who quoted, who declined and why — recoverable only by reading a thread. When the broker running it is away, nobody can answer where the placement stands.
Line status drifts
Written and signed shares diverge from what the markets actually agreed, and the gap is discovered at closing rather than while it can still be fixed.
The closing is assembled by hand
The slip is retyped from the submission, the notes are retyped from the slip, and the figures are checked by someone reading two documents side by side.
Currency conversion happens in a calculator
A market settles in another currency, someone applies a rate, and the rate that was used is remembered rather than recorded.
A claim starts with archaeology
Which reinsurers were on the risk, at what signed share, and was the loss inside the period — reconstructed from the file rather than answered by the record.
If none of that is familiar, you are in better shape than most and there is nothing here for you. If several are, the gap is worth measuring — whichever system you keep.
Show us what still lives in Excel, email and Word
Thirty minutes, your own material. We are as interested in the parts your current system handles well as the parts it doesn't — that is what tells us whether there is anything worth doing.
Capabilities we can demonstrate
Everything below can be shown running in a working session. Where something is configured during implementation rather than shipped as a fixed feature, we say so on this page rather than in month two.
Submission to structured deal
A submission document is read and turned into a deal — cedant, insured, class and sub-class, geography, period, currency, sum insured, premium, retention and cession — for review and correction rather than retyping, with what the extraction found kept on the record.
Placement with live capacity
Each market carries its own provisional, quoted, written and signed share, moving through approached, quoted, firm order and signed, with declines recorded against a reason. Capacity is computed against the cession as lines come in, and over- or under-placement is flagged.
Premium across the panel
The cession is allocated across markets with ceding commission and brokerage applied per market. Where a firm needs them: deposit and minimum premium, instalment schedules, profit commission, no-claims bonus and tax lines with a configurable basis.
Closings generated from the deal
Slip, debit note to the cedant and a credit note per reinsurer, on your own template, with closings for endorsements and claims as well. Each generated document is recorded against the deal.
Multi-currency with the rate shown
Where a market settles in another currency the figure stays in the deal currency and the converted table carries the rate applied, so the conversion is on the document rather than in someone's head.
Endorsements and claims on the record
A mid-term change re-runs the allocation for the delta with matching closings. A claim is checked against the period of cover and the bound cession and allocated by signed share, with an out-of-period or unplaced claim flagged rather than silently accepted.
Factual comparison
SARB entries are drawn from publicly available vendor material. Where the public material does not address a dimension, the cell reads not publicly documented — that is a statement about the available information, not about the product.
| Dimension | SARB (publicly documented) | Regure (demonstrable) |
|---|---|---|
| Vendor and market focus | Simson Softwares Private Limited, India, established 2001. Sells across Asia, the Middle East and Africa. | Regure, by The Algorithm. Deployments across US, UK, EU and Middle East markets, with separate regional infrastructure. |
| Reinsurance scope | Treaty and facultative, proportional and non-proportional. | QS, surplus, XoL and facultative structures supported. Additional treaty structures are configured during implementation. |
| System structure | Described as broadly five major modules covering information, back-office and business management. | Submissions, deal and premium, placement, closings, endorsements, claims and sanctions — each enabled per operation, so a firm runs only what it uses. |
| Submission intake | Not publicly documented. | Submission document read into a structured deal with the extracted fields, source document and confidence retained for review. |
| Placement and line tracking | Not publicly documented. | Per-market status through approached, quoted, firm order and signed, with provisional, quoted, written and signed shares, decline reasons, and capacity computed live against the cession. |
| Premium mechanics | Premium tracking; generating and sending debit notes. | Allocation across the market panel with ceding commission and brokerage per market; deposit and minimum premium, instalments, profit commission, no-claims bonus and configurable tax lines where a firm uses them. |
| Closings and documents | Debit notes; integrated electronic document management. | Slip, cedant debit note and per-reinsurer credit note generated from the deal on the firm's own template, plus endorsement and claim closings, each recorded against the deal. |
| Multi-currency settlement | Not publicly documented. | Settlement currency per market with the converted table carrying the rate applied; the deal-currency position is preserved alongside it. |
| Claims | Claim intimation and settlement processing; claims management for facultative and treaty business. | Claims validated against the period of cover and the bound cession, allocated across reinsurers by signed share, with claim closings to cedant and reinsurers. |
| Endorsements | Not publicly documented. | Endorsement impact recalculated per market, producing additional or return premium with matching closings. |
| Sanctions and compliance screening | Not publicly documented. | Screening record against insured, cedant and reinsurer parties, with a pluggable provider interface and a manual attestation mode where no provider contract is in place. |
| Funds collection and remittance | Collecting and remitting funds. | Premium, instalments and payment status tracked across the placement lifecycle. Settlement and cash matching remain with the accounting/ledger system. |
| Communications | Integrated SMS, email and electronic document management. | Email and document workflow with e-signature, and an immutable audit trail across every action on the deal. |
| Reporting and analysis | Business analysis and real-time data analysis. | Placement queue, deal status and bordereaux today. Portfolio and exposure analytics can be scoped as part of implementation. |
| Configurability | Not publicly documented. | Configurable across different reinsurance operating models without hardcoded lines, currencies, cedants or markets. Commission, brokerage and tax treatment follow the firm's own agreements. |
| Deployment model | Not publicly documented. | Multi-region, with separate infrastructure for the United States and Switzerland / Europe, and data residency by region. |
| Implementation approach | Not publicly documented. | Configuration-led and scoped per operation — structures, currencies, commission and tax treatment, document templates and which modules are enabled. A scoped timeline forms part of the proposal. |
| Integrations | Not publicly documented. | REST API and webhooks; specific connectors scoped during implementation rather than assumed pre-certified. |
Note on sources. SARB entries reflect publicly available vendor material at the time of writing and are not the result of hands-on testing by Regure. Vendor capabilities change, and published material may not reflect the current release or a particular deployment. Buyers should verify current details directly with SARB / Simson Softwares before making a decision.
When it makes sense to stay where you are
Stay if the system already holds the work
If your panel, your line status, your closings and your claims all live inside one system, and the only thing outside it is genuine judgement, then a migration buys you very little. Changing systems has a real cost and it should be paid for a real gain.
Stay if funds handling is the core of your operation
Regure tracks premium, instalments and payment status but is not a ledger and does not perform settlement or cash matching. If cash handling inside the broking system is central to how you run, that is a genuine consideration.
Worth a conversation if the panel is in a spreadsheet
The most common pattern we see is a capable system that the placement itself has quietly moved outside of, because the workbook is faster to shape than the screen. That gap has a cost and it is measurable.
Worth a conversation if your structures do not fit
If your lines, currencies, commission or tax treatment have been described to you as a change request rather than a setting, that is the specific problem Regure is built around.
Questions brokers ask about this comparison
Is this based on hands-on testing of SARB?
No. Everything stated about SARB is drawn from publicly available vendor material, and we say so. Where the public material does not address a dimension, the comparison says “not publicly documented” rather than filling the cell. Vendor capabilities change — verify current details directly with SARB / Simson Softwares.
Does Regure replace SARB?
That depends on your operation, and it is a question for a working session rather than a web page. Regure covers submission through placement, premium, closings, endorsements and claims. It is not a ledger and does not perform settlement or cash matching. If funds handling inside the broking system is central to how you run, that is a real consideration.
What if we are staying on our current system?
The useful exercise is still worth doing: work out what happens outside it. The panel in a spreadsheet, the chase in an inbox, the closing assembled by hand. That gap has a cost whether or not you change anything.
Does Regure handle treaty business?
Quota share, surplus, excess of loss and facultative structures all drive the premium build, with period, participations, endorsements and adjustments. Support for layered treaty programme handling is implementation-led and expanding — raise it early and we will be specific about scope.
How configurable is Regure really?
Configurable across different reinsurance operating models without hardcoded lines, currencies, cedants or markets. Commission, brokerage and tax treatment follow your own agreements, and document templates carry your layout. Today our implementation team performs that configuration with you.
What would a working session actually cover?
Your own material — a submission, a placement, a closing pack. We read it, structure the deal, build the premium across a panel and generate the documents, then talk about what that would mean alongside or instead of what you run today. See reinsurance broker software.
Show us what still lives in Excel, email and Word
Thirty minutes on your own material. If the answer is that your current system already holds the work, we will tell you that too.