Ten practices of effective ceded reinsurance claims and accounting teams

March 2014
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Ten practices of effective ceded reinsurance claims and accounting teams

At a glance

Contractual structures of reinsurance programs and individual reinsurance agreements for ceded reinsurance processes and systems, with reinsurance accounting rule changes, create challenges for those responsible for determining, reporting and collecting reinsurance cessions.

The complex contractual structures of reinsurance programs and individual reinsurance agreements; cumbersome ceded reinsurance processes and systems; and evolving reinsurance accounting rules create challenges for those responsible for determining, reporting and collecting reinsurance cessions.

This paper describes practices that ceded reinsurance teams can implement in order to improve the effectiveness of ceded reinsurance programs and associated accounting.