A broker connectivity platform specifically designed for reinsurance professionals. It includes placement management, contract certainty tracking, technical accounting, claims processing, and standardized message exchange to facilitate efficient reinsurance transactions.
More about Reinsurance Technologies Ltd (Ri5)
Systems that facilitate electronic data exchange with reinsurance brokers and markets, streamlining placement activities and claims notifications.
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Support for Standard Protocols Ability to exchange data using market-accepted protocols (e.g., ACORD, Ruschlikon). |
Product overview and documentation describe support for standardized reinsurance message exchanges such as ACORD, indicating support for standard protocols. | |
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API Integration Availability of APIs for automated integration with broker and internal systems. |
Website and technical documentation mention APIs for integration with internal/broker systems. | |
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Real-time Data Exchange Support for real-time or near real-time information transmission. |
Real-time and near real-time transmission is referenced under standardized message exchange support. | |
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Batch Processing System can handle and process bulk data uploads/downloads for multiple transactions. |
Described as able to facilitate high volumes and bulk uploads for technical accounting and claims. | |
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Multi-Channel Communication Supports email, portal, EDI, and other electronic channels for communication. |
No information available | |
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Interoperability Works seamlessly with different broker/reinsurer platforms. |
The platform highlights interoperability with multiple reinsurance and broker systems. | |
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File Format Flexibility Supports multiple data/file types (XML, JSON, Excel, etc.). |
States support for multiple data/file types to ensure seamless exchange and compatibility. | |
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Connection Speed Average end-to-end message transmission time. |
No information available | |
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Concurrent Connections Supported The number of simultaneous broker/reinsurer connections the system can handle. |
No information available | |
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Transaction Volume Capacity The number of transactions the system can process per day without degradation. |
No information available |
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Electronic Submission of Slips Allows electronic creation and submission of placement slips to brokers. |
Electronic slip submission is a core advertised feature for broker/reinsurance placement. | |
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Quotation Management Captures and manages quotations from brokers/reinsurers. |
Quotation management is an explicit part of placement workflow described. | |
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Firm Order/Bind Workflow Facilitates communication and documentation of firm orders and bindings. |
Enables tracking and documentation of order/bind workflow in placement. | |
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Negotiation Tracking Tracks negotiation exchanges between parties. |
Negotiation tracking is described as part of contract certainty and placement management. | |
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Approval Workflow Supports internal workflow for reviews and approvals. |
No information available | |
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Automated Reminders & Alerts Automated notification of important deadlines and outstanding tasks. |
No information available | |
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Audit Trail Captures a complete history of actions taken on each placement. |
Complete audit trail available, referenced in platform documentation and product overview. | |
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Customizable Templates Provides editable templates for different contract types. |
No information available | |
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Central Document Repository Single location for all documents related to placements. |
Centralized document management emphasized in technical content and summaries. | |
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Placement Turnaround Time Average time to complete placement process through the platform. |
No information available |
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Electronic First Notice of Loss (FNOL) Allows brokers/cedents to submit claims notifications electronically. |
Electronic FNOL submission is a claims management feature listed explicitly. | |
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Claims Workflow Automation Automates the routing and approval of claims from notification to settlement. |
Claims workflow automation mentioned as core to overall claims processing. | |
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Document Management for Claims Supports attachment and retrieval of all claim-related documents. |
Document management for claims is assured by centralized repository and claims management description. | |
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Broker/Market Communication Portal Provides dedicated channel for claims queries and responses. |
Portal for communication between broker and market for claims indicated in product overview. | |
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Integration with Internal Claims Systems Enables synchronization of claims data with internal claims management platforms. |
Integration with internal claims systems required for streamlined workflow; listed under integration capabilities. | |
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Claims Status Tracking Tracks real-time status and progress of each claim. |
Claims status tracking is indicated as part of the claims processing suite. | |
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Claims Reporting Tools Offers dashboards and ad-hoc reporting for claims data. |
Claims dashboards and reporting described in the reporting and analytics offering. | |
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Automated Acknowledgments System generates auto-confirmations at key claim lifecycle points. |
No information available | |
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Bulk Claims Upload Ability to submit and process multiple claims in a single upload. |
Bulk claims submission mentioned as supported in high-volume/batch processing context. | |
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Average Claims Notification Processing Time Time from claim submission to notification acknowledgment. |
No information available |
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Data Encryption in Transit All data exchanged is encrypted using industry standards during transmission. |
Industry-standard security including encryption in transit referenced on security page. | |
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Data Encryption at Rest Sensitive data is encrypted when stored in the system. |
Encryption at rest promoted among compliance/SaaS security details. | |
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Role-Based Access Control User permissions are configurable by role and organization. |
Platform claims role-based permissions for different user categories. | |
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Audit Logging All access and system changes are logged and available for audit. |
System and user changes logged as part of audit/compliance trail. | |
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GDPR & Data Privacy Support Platform helps comply with data privacy regulations like GDPR. |
Compliance with GDPR and global data privacy cited on product site. | |
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External Compliance Certifications Holds certifications such as ISO 27001, SOC2, etc. |
No information available | |
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User Authentication Options Supports SSO, 2FA, or other strong authentication methods. |
Single sign-on (SSO) and multifactor authentication offered per security documentation. | |
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Data Retention Policies Configurable rules for storing and deleting sensitive data. |
No information available | |
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Disaster Recovery Time Objective (RTO) Maximum time to restore platform following a disruption. |
No information available | |
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Vulnerability Scanning Frequency How often the system is scanned for security flaws. |
No information available |
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Standard Market Reports Provides templates for common placement and claims market reports. |
Provides standard reporting templates for placements and claims. | |
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Customizable Dashboards Users can tailor dashboards to display desired metrics. |
User-customizable dashboards a promoted feature in analytics suite. | |
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Ad-hoc Report Builder Allows for creation of custom reports on demand. |
Ad-hoc report generation capability mentioned in product analytics overview. | |
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Data Export Tools Options to export data to Excel, CSV, PDF, etc. |
Explicit support for export to Excel/CSV/PDF. | |
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Drill-down Analytics Ability to drill from summary to transactional data within reports. |
No information available | |
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Scheduled Report Distribution Automated delivery of reports to users on defined schedules. |
Scheduled reporting mentioned as part of delivery/automation options. | |
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KPIs & Metrics Tracking Trackers for SLAs, placement, and claims performance indicators. |
Tracks SLAs, placement and claims metrics throughout workflow. | |
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Data Visualization Tools Built-in visualization for charts, graphs, and trends. |
Charts and visualizations for report data featured in dashboards. | |
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External BI Integration Interfaces with external business intelligence/analytics platforms. |
Integrations with external BI tools like PowerBI and Tableau covered in extensibility documentation. | |
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Average Report Generation Time Average time required to generate standard reports. |
No information available |
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Intuitive User Interface Interface designed to minimize learning curve and errors. |
Intuitive interface and minimal training learning curve promoted as key UX differentiators. | |
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Multi-Language Support System available in multiple major languages. |
No information available | |
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Accessibility Features Supports accessibility standards (e.g., WCAG) for users with disabilities. |
No information available | |
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Personalized User Settings Allows users to customize views, notifications, and preferences. |
Users can personalize dashboards, notifications, and reports. | |
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Responsive Design Optimized for desktops, tablets, and smartphones. |
Mobile optimization and responsive design referenced in product collateral. | |
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Onboarding and Tutorials Guided learning and self-help resources built into the platform. |
Self-service onboarding flows, tutorials, and resource centers cited in user documentation. | |
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Bulk Actions Enables users to perform actions on multiple items at once. |
Bulk actions for placement, claims, reporting tasks featured in product descriptions. | |
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Search and Filter Capabilities Advanced search, sorting, and filtering of transactions. |
Platform provides advanced filters and search for transactions and documents. | |
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Session Timeout User session expires automatically after a period of inactivity. |
No information available | |
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User Load Capacity Maximum number of active users supported. |
No information available |
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Standard Integration Connectors Pre-built interfaces for popular insurance/reinsurance systems (e.g., policy admin, claims systems). |
Integration connectors for common reinsurance and broker systems featured. | |
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Webhooks Support System can communicate via webhooks for real-time updates with third-party platforms. |
Supports webhooks for real-time third-party platform integration. | |
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Customizable Data Mapping Allows matching of platform data fields with external systems’ data models. |
Custom data mapping tools present for integration projects and unique customer needs. | |
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Plugin/Extension Framework Capability to add new features/modules via plugins or APIs. |
No information available | |
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Event Logging / Audit API APIs for extracting event logs and audit trails by external systems. |
No information available | |
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Integration Setup Time Average time required to set up a new system integration. |
No information available | |
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Supported Integration Endpoints Number of different types of integration end-points supported. |
No information available | |
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Custom Scripting Support Allows custom scripts to be run pre- or post-data transfer. |
No information available | |
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Sandbox/Test Environments Availability of non-production environments for integration testing. |
Non-production sandbox environments are provided to partners and new clients. | |
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Integration Error Handling Advanced tooling for error notification and remediation in integrations. |
No information available |
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High Availability System is designed for >99.9% uptime. |
Product supports high availability aiming for >99.9% uptime as stated on product sheet. | |
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Load Balancing System uses load balancing to ensure stable performance under variable loads. |
Load balancing of platform resources described in technical architecture. | |
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Auto-scaling Automatic scaling of compute resources for high load events. |
Auto-scaling cloud resources for load spikes documented for production environment. | |
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System Throughput Maximum number of transactions processed per minute under peak load. |
No information available | |
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Peak User Support Maximum number of concurrent users supported during peak hours. |
No information available | |
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Average System Response Time Mean time for system to respond to user requests. |
No information available | |
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Scheduled Downtime Average scheduled system maintenance downtime per year. |
No information available | |
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Geographic Redundancy System infrastructure is distributed/geographically redundant. |
Cloud infrastructure is geographically redundant per service documentation. | |
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Performance Monitoring Tools Includes dashboard for tracking key performance and resource metrics. |
Performance dashboards and system health statistics are available to admins. | |
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Automated Failover System automatically switches to backup if main component fails. |
Failover and redundancy systems in place and documented. |
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24/7 Support Availability Access to support resources and staff at any time. |
24/7 support is promoted and listed as part of service commitment for enterprise clients. | |
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Dedicated Account Manager Assigned single point of contact for major clients. |
No information available | |
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Online Ticketing System Allows users to submit and track support requests. |
Online ticketing systems and self-serve support functionality described. | |
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Response Time SLA Average first response time for critical issues. |
No information available | |
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User Community and Forum Collaborative space for users to ask and answer questions. |
User communities and interactive forums referenced on customer support pages. | |
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Regular System Updates Platform is updated with new features/security patches on a defined schedule. |
Regular feature and compliance updates distributed per support agreements. | |
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Training Resources Comprehensive documentation, videos, and live training sessions provided. |
Training documentation, online resources, webinars provided to new and existing clients. | |
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Change Management Process Structured process for rolling out platform changes. |
No information available | |
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Status Dashboard Live status dashboard for incidents and maintenance events. |
Status dashboard for maintenance is included for customers and support. | |
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Incident Reporting & RCA Formal reporting of incidents with root cause analysis. |
Incident reporting and root cause analysis provided upon request in support contract. |
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Transparent Pricing All fees, charges, and potential extra costs are clearly disclosed. |
Pricing transparency and all fees disclosed as noted in multiple product documents. | |
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Flexible Licensing Choice between usage-based, seat-based, or enterprise licensing. |
Flexible licensing (usage, seat, enterprise) referenced in commercial FAQ. | |
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Free Trial/POC Availability Option to access a free trial or proof of concept deployment. |
Free trial/POC stated as available for new clients. | |
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Volume Discounts Discounting for high transaction/user volumes. |
Volume discounting mentioned for scale client pricing. | |
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Support & Maintenance Fees Clearly defined and fair fees for support and upgrades. |
Support and maintenance fees are clearly set out in published and contractual material. | |
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Implementation/Setup Fees Fees for initial configuration and onboarding are disclosed. |
Setup and implementation fees are explicitly listed in onboarding documentation. | |
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Contract Flexibility Ability to adapt contract terms to suit different client needs. |
Contracts flexible and can be tailored for different market participants’ needs. | |
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Exit Cost Clarity Transparent process and costs for exit or migration to another system. |
Exit and migration costs/process transparency referenced in regulatory and datasheet material. | |
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Billing Frequency Options Clients can select monthly, quarterly, or annual billing. |
Billing frequency configurable for clients according to commercial documentation. | |
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Average Time to ROI Anticipated time to achieve positive return on investment post-implementation. |
No information available |
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