Reinsurance Placement Software — The Panel, In a System
Cedant, submission, risk information, market panel, quote and response, order, written and signed shares, subjectivities and closing readiness — held on the deal rather than in a workbook that one broker maintains.
The workbook wins because it is shaped like this placement
Every broking house has a system, and most of them also have a spreadsheet. The spreadsheet wins for the placement itself because it can be reshaped in seconds — a column for this risk's subjectivities, a row per market, a note about who owes a response. By the time a system asks you to fit the placement into its idea of a placement, the workbook has already been updated.
What that costs is not the typing. It is that the placement becomes private. Only the broker running it knows which markets are still out, what was actually written versus what was signed, and whether the cession is covered. That is fine until the broker is on leave, until a claim arrives, or until someone asks how the book is doing.
Regure holds the panel on the deal. Each market carries its own shares and its own status, so the state of a placement is a fact anyone can read rather than a thing one person knows.
From cedant to closing readiness
Each market on the panel moves through its own states, and each transition is timestamped on the deal. The placement is never a single status — it is a set of markets in different places, which is what makes a spreadsheet feel necessary in the first place.
| Stage | What is held |
|---|---|
| Cedant and insured | Who is ceding and who the underlying insured is, with the cedant carried as a party on the deal rather than typed into each document. |
| Submission and risk information | Class and sub-class, geography, occupation, period, currency, sum insured and premium — read from the submission document and kept with what the extraction found. |
| Structure | The structure, retention and cession that the panel has to fill. |
| Market panel | The markets approached, each as its own row on the deal with its own shares, currency and status. |
| Approach and response | Approached, quoted, declined — each with the date it happened and, for a decline, the reason it was passed. |
| Order and written line | Provisional share, quoted share and written line held separately, so the difference between what was indicated and what was actually written stays visible. |
| Firm order and signed line | Firm order and signed share with their own timestamps. The gap between written and signed is the one that costs money, and it is on the record rather than in someone's head. |
| Capacity | Signed against the cession, computed as lines come in. Over-placement and under-placement are flagged while there is still time to act. |
| Subjectivities and documents | Held against the deal alongside the submission and any supporting documents, so the conditions attached to a line travel with it. |
| Closing readiness | When the cession is covered and the signed lines are in, the closing documents are generated from the same record — see closings. |
Bring us one submission and we will place it
Thirty minutes on your own material. We read the submission, build the panel, move markets through to signed and watch the capacity fill.
What is out, who has responded, what is left to place
A placement queue across the whole book answers the question that a per-deal spreadsheet cannot: not “where is this placement” but “where is everything”.
Chasing becomes a list
Markets sitting at approached with no response, ordered by how long they have been out. The chase stops depending on someone remembering to look.
Under-placement surfaces early
Deals where signed lines do not yet cover the cession, visible as a set rather than discovered one at a time at closing.
Cover for absence
When the broker running a placement is away, the state of it is readable by anyone with access rather than reconstructed from a mailbox.
Where a market settles in a different currency, its share carries that currency and the conversion is applied on the closing with the rate shown — see closings and documentation.
What runs today, and what the platform adapts to
Running today
Per-market panel with provisional, quoted, written and signed shares. Status through approached, quoted, firm order and signed, plus declines with reasons, each transition timestamped. Capacity computed against cession with over- and under-placement flagged. Placement queue across the book. Submission extraction into the deal. Audit trail on every change.
Settings, not rebuilds
Market and reinsurer lists, structures, currencies, and the way subjectivities and reference numbers are recorded are all platform settings rather than code. A firm that places differently is a different configuration of the same product, not a different build — which is why a market or a structure your last system could not express is a setup question here. Suggesting which markets to approach from past placements is a direction we are building toward, not something running today.
What brokers ask about placement
Does it track written lines separately from signed lines?
Yes. Provisional share, quoted share, written line and signed share are held separately on each market, with their own timestamps. Collapsing them into a single number is what makes the gap between written and signed invisible until closing.
How does capacity tracking work?
Signed shares are computed against the cession as lines come in, so the fill position is current rather than recalculated by hand. Over-placement and under-placement are both flagged — over-placement matters as much as a shortfall and is easier to miss.
Are declines recorded?
Yes, against the market and with the reason. A decline history across markets is one of the more useful things a broking house has and one of the easiest to lose when it lives in email.
Can we see the whole book rather than one placement?
Yes. A placement queue shows every deal in progress — which markets are out, who has responded, how much capacity is filled and what is left to place.
Does it handle facultative and treaty placements?
Both. The structure drives how premium is built across the panel — see facultative and treaty.
Do we have to place business the way the system expects?
No. Markets, structures, currencies and the way subjectivities and references are recorded are settings the platform holds per firm rather than assumptions baked into it.
Bring us one submission
We will build the panel, move markets through to signed, and show you the capacity position as it fills.