Reinsurance Management
Reinsurance recovery software for life insurers
Simfuni links reinsurance recoveries to the claims they belong to, helping life insurers hold payments until recoveries are received and maintain a clear audit trail throughout.
Benefits
Keep recoveries connected to claims
Create recovery visibility
Give claims and finance teams a clearer view of reinsurance recoveries, claim payments, net liability and recovery status.
Reduce manual tracking
Link recoveries to the relevant claim and benefit, reducing the need to track reinsurance activity outside the claims workflow.
Strengthen payment control
Hold claim payments while recoveries are pending, so payments can be released once recovery requirements are met.
Maintain audit clarity
Record each recovery, receipt and allocation against the claim, so teams can see what was recovered, when and why.
Key capabilities
Recoveries linked to the claim they belong to
When a benefit is configured to require reinsurance recovery, Simfuni holds the claim payment until the recovery is received, then releases it for approval. The full recovery chain stays visible and auditable.
Reinsurance recoveries
Configure benefits to require recovery, with matching claim payments held in an awaiting recovery state until the money is received.
Reinsurance data capture
Recoveries are captured against the claim and reflected in the provisions summary, so the net liability is always clear.
Claims-linked workflows
Receipt recoveries in the Match Payments screen, individually or in bulk across several claims and policies at once.
Reporting and audit visibility
Every allocation is recorded with an audit trail, giving finance and oversight teams a clear view of what was recovered and when.
How it works
Recovery and payment managed in one workflow
A claim payment is held until recovery is received
Finance approval on a claim payment stays disabled until the reinsurance recovery is receipted. Recoveries can be matched one at a time or in bulk, and the recovered amount appears against the provision so the net cost of the claim remains clear.
- Payment held until the recovery is received
- Individual or bulk receipting in Match Payments
- Recovered amounts shown in the provisions summary
- Full audit trail of every allocation
