What this guide helps you evaluate
risk, finance and insurance teams evaluating program administration, benchmarking and collateral services where coverage structure, claims economics and insurer requirements drive material cost. This buyer guide helps organize a decision about reinsurance administration platform.
This page is designed to help you compare the moving parts, organize due diligence and ask better questions before you commit money, sign a contract or change an operating process.
Define the business outcome, decision owner, expected term and the evidence needed to validate treaty and facultative contract records.
Normalize treaty and facultative contract records, premium claims and bordereaux workflow and settlement controls and reporting before comparing proposals or internal options.
Keep assumptions separate from verified facts and record the source, date and owner for material requirements.
What to compare first
- treaty and facultative contract records
- premium claims and bordereaux workflow
- settlement controls and reporting
- program structure and service boundaries
- data, collateral and claims evidence
- fees, insurer acceptance and operating controls
Step-by-step process
- 01
Define the business outcome, owner, budget range and non-negotiable requirements before vendor outreach.
- 02
Shortlist options using evidence for treaty and facultative contract records, premium claims and bordereaux workflow, settlement controls and reporting rather than brand familiarity alone.
- 03
Request comparable proposals using the same scope, term, volume and implementation assumptions.
- 04
Validate references, support responsibilities, renewal economics and exit feasibility.
- 05
Document the final selection rationale, exceptions, approval conditions and evidence.
Common mistakes and risk checks
- comparing fees without program responsibilities
- using incomplete claims or exposure data
- failing to define collateral release, reporting or insurer approval requirements
- Treating a buyer guide as a substitute for signed agreements, current official rules or qualified professional review.
Documents and evidence to collect
- current insurance and reinsurance program
- loss runs and exposure schedules
- collateral or claims records
- broker carrier or vendor proposal
Questions to ask before approval
- How is treaty and facultative contract records defined, measured and evidenced?
- What changes if premium claims and bordereaux workflow is higher or lower than the base case?
- Which fees, exclusions, implementation tasks or operating duties sit outside settlement controls and reporting?