1. Establish the counterparty
Record legal identity, ownership, licensing, regulated status, tax information, bank details and documentary evidence with review dates.
Compliance
Reinsurance Compliance and KYC
Regure makes counterparty due diligence and transaction controls part of the reinsurance workflow. Evidence is collected once, monitored by expiry, and attached to the placements, closings and payments it authorized. Built for compliance officers, MLROs, operations leaders and regulated reinsurance brokers.
Why reinsurance KYC and sanctions screening software needs an operational record
A counterparty file is not enough. The firm must show which entity was screened, against which evidence, at what point in the transaction, who cleared an alert, what authority applied and whether the approval remained valid when the deal bound.
Regure makes counterparty due diligence and transaction controls part of the reinsurance workflow. Evidence is collected once, monitored by expiry, and attached to the placements, closings and payments it authorized.
The design principle is straightforward: commercial terms, operational state, financial movements, documents and control evidence should not be separate representations of the same deal. They should be views of one governed record. That removes re-keying and makes the answer to a buyer, finance team, auditor or regulator reproducible.
Counterparty onboarding and KYCControlled on the transaction, not reconstructed later
Sanctions and PEP evidenceConfigured to the operating model and jurisdiction
Credit rating monitoringTraceable from source data to approved output
Operating workflow
How the work moves through Regure
Each stage has an owner, required information, allowed transitions and an audit history. Exceptions are routed rather than hidden in email.
2. Screen and assess
Store screening results, match disposition, credit information, risk classification and the reviewer responsible for clearance.
3. Enforce transaction controls
Prevent approach, binding, closing or payment where required evidence, authority, disclosure or local-market documentation is absent.
4. Prove the decision
Produce a chronological record of data, documents, alerts, approvals, exceptions and changes for internal audit or regulator review.
Capabilities
Reinsurance Compliance and KYC: functional scope
The scope covers the transaction itself and the controls needed to operate it. Modules can run together or integrate with a retained policy, finance or data platform.
Counterparty onboarding and KYC
Counterparty onboarding and KYC is held against the relevant cedant, contract, market, accounting period and document set. Required fields, approval rules and outputs are configured for the business rather than embedded as fixed assumptions.
Sanctions and PEP evidence
Sanctions and PEP evidence is held against the relevant cedant, contract, market, accounting period and document set. Required fields, approval rules and outputs are configured for the business rather than embedded as fixed assumptions.
Credit rating monitoring
Credit rating monitoring is held against the relevant cedant, contract, market, accounting period and document set. Required fields, approval rules and outputs are configured for the business rather than embedded as fixed assumptions.
Approval and exception workflow
Approval and exception workflow is held against the relevant cedant, contract, market, accounting period and document set. Required fields, approval rules and outputs are configured for the business rather than embedded as fixed assumptions.
Saudi local-market-first evidence
Saudi local-market-first evidence is held against the relevant cedant, contract, market, accounting period and document set. Required fields, approval rules and outputs are configured for the business rather than embedded as fixed assumptions.
UAE commission disclosure records
UAE commission disclosure records is held against the relevant cedant, contract, market, accounting period and document set. Required fields, approval rules and outputs are configured for the business rather than embedded as fixed assumptions.
Document expiry management
Document expiry management is held against the relevant cedant, contract, market, accounting period and document set. Required fields, approval rules and outputs are configured for the business rather than embedded as fixed assumptions.
Immutable transaction audit trail
Immutable transaction audit trail is held against the relevant cedant, contract, market, accounting period and document set. Required fields, approval rules and outputs are configured for the business rather than embedded as fixed assumptions.
Architecture and integration
A modern reinsurance platform does not become another silo
API-first boundaries
Regure can receive submissions, policy transactions, claims and reference data, then publish approved placement, accounting and reporting results. Interfaces use stable identifiers and reconciliation states so failed or duplicate transfers remain visible.
Multi-currency by transaction
Original, deal and settlement currencies remain explicit. Exchange rates are stored with their date, source and purpose, allowing debit notes, credit notes, commission, claims and recoveries to reconcile without overwriting contractual values.
Configurable jurisdictions
Legal entities, offices, permissions, documents, disclosures, approval thresholds and retention rules can vary by jurisdiction while the operating model and reporting taxonomy remain consistent across the group.
Control framework
Controls embedded in the reinsurance workflow
A control is useful when it changes what can happen before the transaction commits, not when it only reports an exception afterward.
Role-based access and segregation
The platform records the applicable rule, responsible role, decision, supporting evidence and timestamp. Authorized exceptions remain explicit and reportable.
Evidence and rating expiry alerts
The platform records the applicable rule, responsible role, decision, supporting evidence and timestamp. Authorized exceptions remain explicit and reportable.
Four-eyes approval
The platform records the applicable rule, responsible role, decision, supporting evidence and timestamp. Authorized exceptions remain explicit and reportable.
Bank-detail change controls
The platform records the applicable rule, responsible role, decision, supporting evidence and timestamp. Authorized exceptions remain explicit and reportable.
Commission disclosure evidence
The platform records the applicable rule, responsible role, decision, supporting evidence and timestamp. Authorized exceptions remain explicit and reportable.
Non-editable audit history
The platform records the applicable rule, responsible role, decision, supporting evidence and timestamp. Authorized exceptions remain explicit and reportable.
Operating model
What changes when the reinsurance record is connected
The business case for reinsurance KYC and sanctions screening software is not fewer screens. It is fewer breaks between the commercial decision, the contract, the accounting movement and the evidence used to defend them.
One definition of participation
A market’s offered, written and signed positions are different facts and remain different fields. The signed position drives allocation, documents and downstream accounting; earlier positions remain available for placement analysis. Users no longer have to decide which spreadsheet column should be treated as final, and management reporting does not count an indication as bound capacity.
Documents generated from approved data
Slips, endorsements, debit notes, credit notes, statements and bordereaux are produced from the approved transaction state. Templates control presentation, but they do not become a shadow database. If an amount or participant changes, the system records the change, routes approval where required and regenerates the affected output with its version history intact.
Accounting tied to commercial terms
Premium, brokerage, ceding commission, tax, instalments, claims and recoveries refer to the contract terms and participant shares that created them. Finance can trace a balance to the underlying transaction, while brokers and underwriters can see whether a signed deal has been closed, invoiced, settled or left outstanding.
Management information from live work
Pipeline, capacity, renewal, outstanding documentation, aged balances and control exceptions are views of current records. Teams do not stop operating to prepare a management pack. Definitions can still be governed centrally, but every reported figure retains the transactions that make it up.
Buyer evaluation
Questions to ask a reinsurance KYC and sanctions screening software vendor
Can the system show the transaction at any prior date?
A current value is insufficient for audit, dispute handling and operational learning. Ask whether users can see who changed a term or share, the previous value, the reason, the approval and which documents were valid at that moment. A general activity log is not a substitute for field-level history.
What is configuration, and what requires development?
Test a real change: a new commission basis, approval threshold, output template, currency or reporting field. Establish who can make it, how it is tested, how it is promoted, whether it affects other tenants and how rollback works. This exposes the actual cost and lead time of operating change.
How are exceptions reconciled?
Interfaces, calculations and document generation will encounter incomplete or conflicting records. The important question is whether exceptions have identifiers, owners, status, evidence and a controlled retry path. Silent skips and downloadable error files simply create another manual queue outside the platform.
For a procurement exercise, use a fixed scenario pack across vendors: one new placement with multiple quote revisions, one mid-term change, one participant settling in another currency, one claim crossing an attachment point, one overdue recovery and one renewal with materially changed terms. Require the vendor to complete the chain and show the audit record, not just demonstrate isolated screens.
Implementation
Implement against a real book, not a generic process map
The implementation baseline is a representative set of live or recently completed transactions. Those cases expose the actual terms, documents, exceptions, roles and downstream requirements that a workshop diagram misses.
Discovery and model
Map products, treaty types, currencies, counterparties, approval authorities, templates, accounting events, interfaces and regulatory evidence. Separate genuine variation from historical workarounds.
Configure and prove
Run representative new business, renewal, endorsement, claim and settlement scenarios. Compare calculated values and generated documents with accepted source examples before user acceptance.
Migrate and operate
Move the active records needed for continuity, retain source identifiers, reconcile totals and establish ownership for configuration, data quality, integrations and release approval.
Review the wider platform architecture, security controls and pricing approach, or compare the operational chain across placement, treaty management, closings, bordereaux and recoveries.
Frequently asked questions
Questions buyers ask about reinsurance KYC and sanctions screening software
What is reinsurance KYC and sanctions screening software?
reinsurance KYC and sanctions screening software is an operating system for the reinsurance record: parties, terms, market participation, financial movements, documents, approvals and evidence remain connected from the first submission through settlement and renewal.
Can reinsurance KYC and sanctions screening software support facultative and treaty business?
Yes. Facultative business is managed risk by risk, while treaty business carries structures, periods, layers, participants, adjustments and performance terms. Both use the same controlled counterparty, document, accounting and audit services.
Does Regure support multiple currencies?
Yes. The deal currency, settlement currency and recorded exchange rate remain explicit. Premium, brokerage, commission, tax, claims and recoveries can therefore be reconciled without replacing the original contractual amount.
Can Regure work with an existing core or finance system?
Yes. Regure can run the reinsurance operation end to end or manage the placement and administration workflow beside an existing policy, general-ledger or data-warehouse system through configured APIs and controlled exports.
How does the platform support audit and compliance?
Every material state change records the actor, time, prior value, new value and supporting document. Permissions, approvals, sanctions evidence, counterparty records and generated documents remain attached to the transaction they governed.
How is implementation scoped?
Implementation starts with a representative book, its documents, approval rules, currencies, market roles and downstream outputs. Configuration is tested against real placements before migration and wider rollout.
See Reinsurance Compliance and KYC against your own workflow
Bring a representative placement, treaty, bordereau or recovery process. We will map the data, decisions, documents, controls and integrations needed to run it.