Facultative Reinsurance Software for Single-Risk Placement
Facultative is a risk-by-risk business, and the volume is in the turnaround. Regure runs the cycle — risk received, submission structured, markets approached, responses captured, terms compared, firm order, line signing, closing — without flattening the judgement that makes a fac broker useful.
Facultative is one risk, many times over
A treaty is negotiated once and administered for a period. Facultative is the opposite: every risk is its own placement, with its own submission, its own panel and its own closing. The work is not intellectually harder, it is simply repeated — and repetition is where a spreadsheet-and-inbox operation starts to leak.
The specific cost in fac is turnaround. A cedant who wants terms is usually asking more than one broker, and the one who comes back first with a structured, complete answer tends to get the order. Time spent retyping a submission is time not spent approaching markets.
What a fac broker cannot afford to lose in exchange is the nuance — which market will look at this occupancy, who wants a call before they quote, which line is conditional on a survey. That belongs on the record too, not designed out of it.
For the underlying concept see the facultative reinsurance glossary entry.
Risk received to premium tracked
Risk received and submission structured
The submission arrives as a document and is read into a structured deal — cedant, insured, class and sub-class, occupancy, geography, period, currency, sum insured, premium, retention and cession — for review and correction rather than retyping. What the extraction found stays on the record, so a field that was read badly is visible rather than silently wrong.
Markets approached, responses captured
Each market becomes a row on the deal with its own status and dates — approached, quoted, declined with a reason. The panel is the record, so a colleague can pick the risk up without asking who has been contacted.
Terms compared, firm order placed
Quoted shares and terms sit side by side rather than being reconstructed from a set of replies. Firm order is its own state with its own timestamp, so the point at which the placement became real is recorded.
Line signing and capacity
Signed shares are computed against the cession as lines come in. On a single risk the fill position matters most at the end, and this is exactly where a manual panel most often turns out to be over- or under-placed.
Closing and documentation
Slip, debit note to the cedant and a credit note per reinsurer, generated from the signed lines on your own template, with conversion carrying the rate where a market settles elsewhere. See closings.
Premium, endorsements and claims
Premium and any instalment schedule tracked against the deal. A mid-term change re-runs the allocation for the delta with closings to match. A claim is checked against the period of cover and the bound cession and allocated across reinsurers by signed share.
Bring us one fac risk
A single submission is enough. We read it, build the panel, take it through to signed lines and generate the closing — about thirty minutes.
Visibility without losing the judgement
Turnaround
The submission is structured on arrival rather than after someone has time, so markets can be approached the same day. On a competitive risk that is often the whole difference.
Continuity
The panel, the responses and the reasons for a decline are on the deal. A risk can change hands mid-placement without a handover call.
Nuance kept
Subjectivities, conditions and notes sit against the market they belong to. The system records the negotiation rather than replacing it — a fac broker's judgement is the product, not an inefficiency.
What runs today, and what flexes per firm
Running today
Submission extraction into a structured deal. Per-market panel with provisional, quoted, written and signed shares, statuses and decline reasons. Capacity against cession. Premium allocated across the panel with ceding commission and brokerage per market. Slip, debit note and per-reinsurer credit note with multi-currency conversion. Endorsements with per-market deltas. Claims validated against period and bound cession. Sanctions records against the parties. Audit trail throughout.
Shaped to your book
Classes and sub-classes, market lists, currencies, commission and tax treatment and document templates are all settings the platform carries per firm. Nothing about your book is written into the product, so two fac operations with nothing in common run the same software. Suggesting which markets to approach from past placements is a direction we are building toward rather than something running today.
What facultative brokers ask
How is facultative different to handle than treaty?
A treaty is negotiated once and administered across a period, with adjustments over its life. Facultative is a single risk placed once, so the operational weight is in doing the same cycle quickly and often. Both run in Regure — see treaty operations.
Can it read our submissions?
Yes — cedant, insured, class and sub-class, occupancy, geography, period, currency, sum insured, premium, retention and cession are read into a structured deal for review and correction. Accuracy improves considerably once extraction has seen the formats your cedants actually send.
Does it track which markets have responded?
Yes. Each market is a row on the deal with approached, quoted, firm order and signed states, response dates, and a reason where a market declines.
What happens at closing?
Slip, debit note to the cedant and a credit note per reinsurer, generated from the signed lines on your own template with conversion carrying the rate applied. See closings.
Will it get in the way of the negotiation?
It should not. Subjectivities, conditions and notes sit against the market they belong to. The point is to record the placement, not to automate the judgement.
Do we have to use your market list?
No. Markets, classes, currencies, commission and tax treatment and document templates are all settings the platform carries per firm.
Bring us one fac risk
One submission, about thirty minutes. We read it, build the panel, take it through to signed lines and generate the closing.