Reinsurance Carriers
Reinsurance carriers assume portions of risk from primary insurers through treaties and facultative placements. For a carrier that reviews ceded risks, negotiates contracts, tracks exposures and settles claims, the specialists turn broker submissions into structured opportunities, opportunities into analyzed and priced treaty drafts, and treaties into ongoing monitoring, bordereaux processing, collateral tracking and claims recovery workflows. Underwriting guidelines, actuarial models and regulatory filings remain with the underwriter and actuary.
What makes this business different
- Broker submissions with large data files containing policy details, exposure data and loss history that must be parsed exactly as provided
- Treaty and facultative contracts requiring detailed terms on attachment points, limits, commissions and reinstatement provisions
- Ongoing monitoring of ceded premium, losses and reserves across multiple primary insurers and lines of business
- Bordereaux reporting on a monthly or quarterly cadence with strict deadlines for data validation
- Collateral management including letters of credit, trust accounts and security reviews
- Actuarial and financial reporting for statutory filings, reinsurance recoverable assets and risk-based capital calculations
- Claims recovery processes that coordinate with primary carriers on large loss events and subrogation
- License renewals, state filing requirements and internal underwriting authority limits that must be tracked and renewed by licensed staff
Specialist bots
Submission Intaker
Turn every broker submission into a structured opportunity with parsed data ready for analysis.
Works in: Ambitious Tasks, Ambitious Docs, Ambitious Sheets · Workflows: Submission intake and structuring
Automates
- Reads incoming emails, portals and file transfers
- Extracts key terms, cedent, line of business and proposed limits
- Parses attached exposure and loss files into standardized formats
- Creates the opportunity record and supporting task
- Drafts the broker acknowledgment
Stops for a person
- Underwriters review all submissions before analysis proceeds
- A person confirms data integrity for complex files
- The underwriter decides whether to pursue the opportunity
Pricing Analyst
Transform structured submission data into loss cost estimates, proposed pricing and supporting analysis.
Works in: Ambitious Sheets, Process Optimizer, Ambitious Tasks · Workflows: Pricing and exposure analysis
Automates
- Loads data into pricing templates and models
- Calculates expected losses, risk loads and rate indications
- Runs sensitivity analyses on key assumptions
- Generates summary reports with graphs and key metrics
- Flags items outside underwriting tolerances
Stops for a person
- Actuaries and underwriters review all model assumptions and outputs
- The chief underwriter approves the final pricing position before negotiation
- A person sends the pricing proposal to the broker
Contract Manager
Draft, compare and track reinsurance contract wording through negotiation to execution.
Works in: Ambitious Docs, Contract Analyzer, Ambitious Tasks · Workflows: Contract drafting and negotiation
Automates
- Generates initial contract drafts from clause libraries and agreed terms
- Compares new wording against internal standards and prior versions
- Maintains redline history and open issues list
- Prepares execution versions with all schedules attached
- Records final signed contract metadata
Stops for a person
- Internal counsel and underwriters must approve all final wording
- Only authorized signatories execute contracts
- The underwriter confirms all commercial terms match the approved pricing
Bordereaux Processor
Validate and reconcile incoming bordereaux against contract terms and update financial records.
Works in: Ambitious Sheets, Ambitious Tasks, Ambitious Docs · Workflows: Bordereaux and premium processing
Automates
- Validates data files against contract definitions
- Reconciles premiums, losses and adjustments
- Calculates commissions and reinstatement amounts
- Updates exposure and ledger entries
- Creates exception tasks for material variances
Stops for a person
- Accounting staff review all reconciliations before posting to financial systems
- Underwriters are notified of significant reporting anomalies
- A person approves final journal entries
Claims Recovery Coordinator
Record claims notifications, calculate reinsurer share and track recoveries through settlement.
Works in: Ambitious Tasks, Ambitious Docs, Ambitious Sheets · Workflows: Claims notification and recovery
Automates
- Logs claim notifications and verifies treaty coverage
- Calculates reinsurer's indemnity and expense share
- Tracks payment requests and outstanding reserves
- Generates recovery status reports
- Prepares summary files for large loss reviews
Stops for a person
- Claims managers review coverage determinations and large loss calculations
- Finance approves all recovery payments before disbursement
- The claims manager handles direct communications with cedents on disputed claims
Collateral and Credit Tracker
Monitor collateral balances, credit ratings and security requirements across all treaties.
Works in: Ambitious Sheets, Ambitious Tasks, Ambitious Docs · Workflows: Collateral and security monitoring
Automates
- Calculates required collateral by treaty and exposure
- Tracks balances in trust accounts and letters of credit
- Monitors rating agency changes for cedents
- Drafts collateral call or release notices
- Reconciles security holdings with financial statements
Stops for a person
- The chief financial officer approves all collateral calls and releases
- Credit and underwriting teams review rating downgrade actions
- A person confirms the final amounts before any notice is sent
Regulatory Reporting Specialist
Aggregate data and prepare reinsurance exhibits for statutory filings and management reports.
Works in: Ambitious Sheets, Ambitious Docs, Ambitious Tasks · Workflows: Financial and regulatory reporting
Automates
- Pulls and aggregates data for statutory schedules
- Populates reinsurance recoverable and ceded premium exhibits
- Generates exposure concentration reports
- Prepares renewal briefing packs for underwriters
- Creates management dashboards on treaty performance
Stops for a person
- The chief actuary and financial officers review all filings before submission
- Senior management approves all external reports
- Underwriters confirm the accuracy of renewal materials before distribution
Licensing and Compliance Clerk
Track licenses, appointments, filing deadlines and underwriting authorities across jurisdictions.
Works in: Ambitious Tasks, Ambitious Sheets, Ambitious Docs · Workflows: Licensing, filing and compliance tracking
Automates
- Maintains a master calendar of all license and filing expirations
- Assembles required state filing packages from approved templates
- Updates authority matrices when new lines or states are added
- Tracks continuing education records for licensed underwriters
- Generates pre-deadline reminder checklists
Stops for a person
- Only licensed compliance officers or attorneys submit state filings
- The chief compliance officer reviews and signs all regulatory submissions
- Underwriting leadership approves any changes to authority limits
Workflows
Submission intake and structuring
Starts when: A broker or primary insurer sends a submission by email, portal or secure file transfer
- Capture the treaty type, line of business, ceding company, proposed terms and attached data files
- Parse exposure and loss data into standardized sheets for analysis
- Check the submission against current underwriting guidelines and capacity
- Create a structured opportunity record with all supporting documents
- Draft an initial acknowledgment for underwriter review
Watch for: Large data files must be handled without loss of detail; All submissions require underwriter sign-off before proceeding to analysis
Pricing and exposure analysis
Starts when: After submission structuring is complete and underwriter approval to proceed
- Load exposure and historical loss data into analysis models
- Calculate expected loss costs, risk loads and proposed rates or attachment points
- Run catastrophe modeling where applicable for property or specialty lines
- Draft a pricing summary with key metrics and sensitivities
- Flag any deviations from established underwriting guidelines for underwriter review
Watch for: Actuarial assumptions must be reviewed by qualified staff; Catastrophe model outputs require careful interpretation by the underwriter
Contract drafting and negotiation
Starts when: After pricing is approved for pursuit by the underwriter
- Generate a draft reinsurance contract or treaty using standard clauses and the agreed terms
- Compare proposed wording against internal guidelines and prior agreements
- Track changes during broker negotiations and maintain version history
- Prepare final contract for internal legal and underwriting signoff
- Record executed contract details in the system of record after signatures
Watch for: Contract terms must align precisely with the priced submission; All final contracts require multiple layers of internal approval before execution
Bordereaux and premium processing
Starts when: Monthly or quarterly reporting deadlines from ceding companies
- Receive and validate incoming bordereaux data files against contract terms
- Reconcile premium and loss amounts with expected figures
- Calculate and apply commissions, taxes and reinstatement premiums
- Update exposure and reserve ledgers
- Flag discrepancies for underwriter or accounting follow-up
Watch for: Data must be checked against contract definitions of reportable events; Timely processing is required to meet financial close deadlines
Claims notification and recovery
Starts when: Notification of a claim or large loss from a ceding company
- Record claim details and verify coverage under the specific treaty terms
- Calculate the reinsurer's share of the loss based on attachment, limits and other provisions
- Track recovery payments and outstanding reserves
- Coordinate with the ceding carrier on salvage, subrogation and commutations
- Update claims database and prepare summary for financial reporting
Watch for: Large losses often require immediate notification and detailed documentation; Recovery timelines can span multiple years for long-tail lines
Collateral and security monitoring
Starts when: Quarterly and on contract renewal or downgrade events
- Review collateral requirements per treaty and current exposure levels
- Track letters of credit, trust balances and other security held
- Monitor credit ratings of ceding companies and flag any downgrades
- Draft collateral calls or release instructions for approval
- Reconcile collateral accounts with financial records
Watch for: Collateral terms vary significantly by contract and counterparty; Regulatory rules on credit for reinsurance depend on collateral quality confirmed by finance
Financial and regulatory reporting
Starts when: Quarterly close, annual statement dates and contract renewal cycles
- Aggregate reinsurance recoverable, premium and loss data for statutory schedules
- Prepare reinsurance summary exhibits and footnote disclosures
- Track treaty renewals and prepare briefing materials for underwriters
- Monitor aggregate exposures by line, geography and counterparty
- Generate internal management reports on profitability by treaty for review
Watch for: Reporting requirements differ by jurisdiction and entity type; All filings and reports must be confirmed by responsible officers before submission
Licensing, filing and compliance tracking
Starts when: Annual renewal deadlines, new state entry or changes in underwriting authority
- Track license, appointment and filing expiration dates across all states
- Prepare and assemble required filing packages for state insurance departments
- Update internal underwriting authority matrices and guidelines
- Maintain records of continuing education for licensed staff
- Alert compliance officer before any deadlines
Watch for: License and filing rules vary by state and line of business; Only licensed individuals can sign certain filings and reports
Bot templates for this industry
- Reinsurance Carriers (8 bots)
Source: U.S. Small Business Administration, Office of Size Standards, Table of Small Business Size Standards Matched to North American Industry Classification System Codes, version March 2023 (effective 2023-03-17, NAICS 2022). Size standards are shown for reference only.