Reinsurance Industry | Genpact

Reinsurance

We reimagine reinsurance industry operations to improve customer experience, cash flow, and efficiencies

genpact reinsurance

Overview

We combine data, analytics, and digital technologies to transform ceded and assumed reinsurance operations for carriers and brokers. We help reinsurance companies smooth earnings volatility, boost capital adequacy, and recover millions of dollars in claims.

Featured solutions

Genpact transforms ceded and assumed reinsurance business models by combining digital technologies, automation, and process excellence. Our solutions span reinsurance claims recovery, underwriting, claims, post-binding, and finance operations.

Ceded reinsurance – Intelligent operations

Our contract administration services help carriers run treaties, ceded bookings, billings, and collections. Plus we support residual market accounting, runoff book management, and regulatory reporting.

Ceded reinsurance – Analytics services

Genpact ReFinder, our proprietary analytics solution, mines historic data to identify missed reinsurance recoveries and win them back to reinvest in the business and boost the bottom line.

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Ceded reinsurance – Reinsurance ops manager

Our AI-based dynamic workflow tracks all ceded reinsurance operations and enables collaboration with upstream and downstream processes to boost contract administration accountability and transparency.

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Ceded reinsurance – Reinsurance SaaS

Our reinsurance operations platform helps insurers manage their reinsurance contracts and activities for all lines of business. It offers rich accounting functionality and reporting capabilities.

Assumed reinsurance – Front desk assistant

Our solution uses natural language processing and machine learning to extract information from unstructured sources. It improves the customer experience with faster triage, pricing, and delivery.

Assumed reinsurance – Automation and electronic data exchange

Our AI-enabled tool validates and automates technical accounting and claims bordereau processing. And our electronic data exchange platform cuts processing and settlement time and improves cash flow.

Assumed reinsurance – Underwriting support

Our highly skilled reinsurance professionals support carriers across treaty and facultative submission clearance, bind processing, endorsement, and renewal management.

Assumed reinsurance – Claims support

We help reinsurers prevent claims leakage by automating claims processes and also provide field adjusting services for both daily and catastrophe claims.

Assumed reinsurance – Post-binding services

We provide support for technical accounting and claims bordereau processing for carriers and brokers.

Assumed reinsurance – Finance and accounting

We offer broker statement reconciliation, settlement, financial accounting, and statutory reporting services.

  • AI and data analytics

Genpact ReFinder: Proprietary analytics to recover missed reinsurance claims

Recover missed claims to reinvest or boost your bottom line

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How we think

Find out how we're transforming reinsurance operations and business models by combining digital technologies, automation, and process excellence.
Hero insurances missing millions
  • AI and data analytics

Genpact's ReFinder solution has returned more than $30 million in reinsurance claims for a global insurer

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  • AI and data analytics

Gaining a competitive edge with data

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  • AI and data analytics

Journeys in Transformation – Exploring AI innovations in insurance

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  • AI and data analytics

Journeys in Transformation - Improving AI with external data sources

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