UC-388
Treaty Cession & Recovery Reconciliation
Reads treaty slips and cedent statements, works out what should have been ceded and recovered, and lists every cession that does not agree.
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The Challenge
Reinsurance recoveries are found late or not at all, and premium is ceded against terms that lapsed two renewals ago. Treaty wording sits in PDFs while cessions sit in a ledger nobody reconciles line by line.
How It Works
- Reads treaty slips, endorsements, cedent statements and the ceded-premium and claims ledgers.
- Recomputes cession and recovery per layer under the wording in force on each loss date.
- Lists every disagreeing cession for the reinsurance accountant with the clause that governs it.
What It Removes
- Spreadsheet recalculation of each treaty layer by hand
- Hunting lapsed treaty terms across renewal PDF folders
- Late discovery of recoveries after the claim is closed
Input Data RequirementsTreaty slips and endorsements, facultative certificates, cedent and broker statements, ceded premium ledger, claims ledger, loss bordereaux
Output FormatReconciliation register of cessions and recoveries with a variance amount, the governing clause and a drafted query per broker
“We only find a missed recovery when the treaty comes up for renewal, which is exactly when it is too late to claim it.”