By module

Reinsurance — treaty & facultative

The reinsurance module underpins both the reinsurer (assumed) and the insurer/broker (ceded) sides — structured contracts whose maths derives from the terms.

Best use case

Any edition dealing in reinsurance: an insurer ceding to treaty, a reinsurer assuming it, or a broker placing it — all on the same structured contract model.

Contracts

Proportional treaties — quota share (flat cession %) and surplus (retention line + surplus lines, per subclass), with premium following the sum-insured split.
Non-proportional treaties — excess-of-loss / stop-loss layers (attachment, limit, reinstatements) with layer-loss and reinstatement-premium calculation.
Facultative — single-risk, proportional or XoL, with a rated acceptance.

Cessions, recoveries & retrocession

Cessionsrecord what's ceded outward (auto-drafted on policy/treaty bind, split correctly per the treaty type); recoveries collect from reinsurers on losses; retrocessionprotects a reinsurer's own book (auto-drafted when an inward treaty binds). Confirming any of these posts the corresponding premium/recovery to the one ledger.

Technical accounting

Treaty movements (premium, commission, claims, tax) are technical-accounting entries that mirror into the general ledger, and roll up into treaty statements and the profit-commission statement. Booking codes tie each contract to Credit Control.

Best practice

Model the structured terms (sections/layers, commissions, AIT, portfolio %) fully — the cessions, XL recoveries and profit commission all compute from them, so the paperwork ties to the cent.

Related: Reinsurer · Bordereaux · Overview