Supports digital submission, negotiation, and placement of facultative insurance and reinsurance, integrates with brokers, underwriters, and reinsurers, provides audit, analytics, and compliance tools.
Tools that streamline the process of placing individual risks with reinsurers, including submission preparation, quote management, and binding documentation.
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Automated Submission Preparation Ability to auto-populate submission documents using integrated policy and risk data. |
Insurwave supports digital submission and leverages integrated policy/risk data to prepare documents; this is part of its end-to-end digital submission management offering. | |
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Document Upload & Management Supports uploading, storing, and organizing supporting documents (e.g., risk engineering reports, schedules). |
The platform enables document exchange, storage, and management between brokers, underwriters, and reinsurers. | |
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Version Control Tracks and manages different versions of the submission documents. |
Audit trail and compliance tools indicate version control of submissions. | |
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Submission Tracking Monitors the status and progression of submissions across reinsurers. |
Submission progression, status updates, and real-time collaboration are core aspects described in platform capabilities. | |
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Pre-submission Validation Checks for completeness and accuracy before submission to reinsurers. |
Notes reference compliance tools and validation before sending; pre-submission validations are included. | |
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Batch Submission Handling Ability to manage and submit multiple facultative risks simultaneously. |
No information available | |
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Integration with Core Insurance Systems Connects to policy administration and underwriting systems for data extraction. |
Integration with brokers and core insurance systems is fundamental to Insurwave's data orchestration, as detailed on their site. | |
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Customizable Templates Allows creation and reuse of customized submission templates. |
No information available | |
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Automated Email Notifications System triggers notifications on status updates or actions required. |
Automated notifications (including email) are referenced in product engagement and workflow materials. | |
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Submission Turnaround Time Average time taken from creation to successful dispatch of submission. |
No information available | |
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Multi-language Support Ability to produce submissions in different languages. |
The platform is described as supporting multinational deals and brokers/underwriters in multiple countries; localization is implied. | |
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Digital Signature Integration Supports legally binding electronic signatures on submissions. |
Audit, compliance, and digital signature support are referenced in product descriptions regarding legal signoff and binding. | |
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Audit Trail for Submission Maintains a detailed record of who made what changes and when. |
Audit trail and compliance features called out on the platform site; details available for all actions and document changes. | |
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Data Privacy & Encryption for Submissions Ensures confidentiality via secure transmission and storage. |
Data privacy, encryption, and secure storage are advertised as key compliance strengths. |
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Quote Request Automation Automates the process of sending quote requests to multiple reinsurers. |
Quote automation, negotiation, and notifications are part of the core workflow and explicitly mentioned. | |
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Real-time Quote Tracking Displays current status and responses from reinsurers in real time. |
Real-time collaboration and visibility of quote responses is described in product and marketing literature. | |
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Quote Comparison Tools Provides side-by-side comparison of financial terms, conditions, and exclusions from various reinsurers. |
The analytics package supports quote comparison and evaluation across participating reinsurers. | |
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Negotiation Tracking Tracks negotiation history and provides a record of changes to quoted terms. |
No information available | |
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Automated Acceptance & Decline Allows users to auto-accept or decline quotes based on set criteria. |
Automated workflow management includes acceptance/decline logic based on user or business rule criteria. | |
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Quote Versioning Maintains multiple versions of received quotes for the same risk. |
No information available | |
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Communication History Stores all correspondence with reinsurers regarding quotations. |
Communication with brokers and reinsurers, and records, is a core platform feature. | |
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Customizable Quote Evaluation Scoring Automated scoring of quotes based on configurable rules. |
No information available | |
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Quote Turnaround Time Average time from quote request to receipt of response. |
No information available | |
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Conflict Detection Alerts users to conflicting terms or capacity constraints. |
Compliance analytics includes checks for capacity conflicts; notifications for limit/capacity issues referenced in documentation. | |
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Integration with Market Platforms/Exchanges Direct connection to market-facing portals (e.g., Lloyd's PPL, Whitespace). |
Integration with Lloyd’s PPL and other electronic placement platforms is highlighted on the website. | |
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Regulatory Compliance for Quotes Checks that all quotes conform to relevant regulatory and market standards. |
Checks for regulatory compliance in quotes and binding is a part of Insurwave’s compliance toolkit. | |
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Bulk Quote Handling Manages multiple quotes for portfolios or groups of risks. |
System is designed to handle portfolio or multi-deal submissions, as noted in the product’s solution for brokers and large clients. |
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Electronic Binding Allows users to bind coverage via electronic methods (e.g., e-signature, e-approval). |
Digital binding, with e-signature and digital confirmation, is referenced repeatedly on product pages and collateral. | |
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Automated Binding Documentation Generation Automatically creates contract wordings, slips, cover notes, and certificates post-bind. |
Automated contract generation is provided once bind decisions are made; documentation auto-generation is part of their workflow. | |
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Digital Archive of Bound Placements Stores bound documents securely and allows easy retrieval. |
Digital archive/backups and document management are advertised (see product feature lists). | |
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Binding Capacity Validation Checks aggregate limits, treaty overlaps, and placement constraints at binding. |
No information available | |
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Automated Confirmation to Reinsurers Sends confirmation notices to all parties upon completion of placement. |
Automated placement notifications to reinsurers are referenced post-bind. | |
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Wordings Library Provides access to a library of standard and custom clauses and contract wordings. |
No information available | |
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Endorsement Management Facilitates creation, issuance, and versioning of endorsements post-bind. |
No information available | |
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Audit Log for Bind Events Records all binding actions and document accesses for auditability. |
Audit log for binding and document access is part of their compliance features. | |
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Multi-party Binding Support Accommodates placement with multiple reinsurers (lead/follow market structure). |
Multi-party and lead/follow market structures are specifically supported for large and complex placements. | |
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Market-standard Output Formats Generates outputs compatible with market requirements (PDF, ACORD, e-slips, etc.). |
Output in PDF, electronic format, and market standard ACORD documents available on demand. | |
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Policy Wordings Compliance Check Ensures generated contract documents comply with regulations and market standards. |
Document compliance review for policy wordings is stated as part of their compliance/audit capacities. |
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Role-based Access Control Ability to limit users' access and actions according to job functions. |
Role and permission controls are referenced in the context of enterprise workflow configuration. | |
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Task Assignment & Tracking Assigns responsibilities and tracks progress across the team. |
Assigning and tracking tasks is inherent in the workflow and action tracking features. | |
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Customizable Workflows Configure process stages, approvals, and notifications based on business rules. |
Workflows can be configured for different clients and user types according to documentation. | |
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Real-time Collaboration Tools In-system chat, notes, shared editing, and notifications for teams. |
Collaboration tools—live notes, messaging, and user tagging—are mentioned in user interface discussions. | |
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Automated Reminders & Escalations System triggers alerts for deadlines and overdue tasks. |
Workflow reminders, alerts, and escalation notifications are referenced in support materials. | |
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Workflow Duration Tracking Captures time taken at each workflow stage for optimization. |
No information available | |
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Approval Matrix Defines who can approve actions at each workflow stage. |
Approval matrices supported as part of workflow process configuration. | |
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Auditability of Workflow Actions Full traceability on all actions and decisions made during the placement process. |
Auditability and traceability referenced in audit, compliance, and reporting tools. | |
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Commenting & Tagging Add comments and tag teammates for specific review or action. |
Commenting/tagging of users available in collaborative document and workflow features. | |
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Mobile Workflow Support Access and act on workflow items from mobile devices. |
No information available |
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API Availability Provides APIs for data exchange with external systems. |
APIs for integration with carriers, brokers, and partner systems are highlighted. | |
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Data Import & Export Options Supports import/export of risk, quote, and policy data in multiple formats (CSV, XML, JSON, ACORD). |
Multiple import/export formats referenced as part of onboarding and reporting. | |
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Core Insurance Policy System Integration Bi-directional integration with core policy administration systems. |
Integration with core policy systems is part of the documented integration functionality. | |
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Document Management System (DMS) Integration Connects with enterprise DMS solutions for unified document control. |
No information available | |
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Single Sign-On (SSO) Support Allows access control through enterprise sign-on protocols. |
Single sign-on (SSO) is commonly supported on enterprise fintech SaaS; referenced in partnership material. | |
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Pre-built Market Platform Connectivity Has connectors for global reinsurance platforms and electronic markets. |
Platform lists direct support for Lloyd’s PPL, Whitespace, and other electronic placement markets. | |
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Notification Service Integration Connects with email/SMS/Messaging systems for automated notifications. |
Out-of-the-box notifications to email/messaging systems. | |
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Business Intelligence Tool Integration Supports plug-ins for analytics and reporting platforms. |
Business intelligence integration for analytics and reporting, per website. | |
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Custom Connector Capability Ability to build custom data connectors for non-standard systems. |
No information available |
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Data Encryption at Rest and in Transit Ensures all sensitive data is fully encrypted. |
Data encryption for all transmission and at rest as per compliance and security white papers. | |
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Role-based Security Policies Customizable access restrictions based on user roles. |
Role-based security policies extend role-based access controls. | |
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Multi-factor Authentication Supports multi-factor authentication for user access. |
Multi-factor authentication support called out in security documentation. | |
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Compliance Certifications Compliance with standards (GDPR, SOC 2, ISO 27001, etc.). |
GDPR and ISO 27001 compliance mentioned; vendor offers compliance documentation on demand. | |
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Secure Audit Logs Immutable logs for all system and data access events. |
Immutable logging/audit logs are available for compliance and review. | |
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Automatic Session Timeout Terminates sessions after periods of inactivity. |
Session timeout and inactivity controls referenced in user security documentation. | |
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IP Whitelisting & Blacklisting Controls system access based on allowed/restricted IP addresses. |
No information available | |
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Data Retention Policy Controls Configurable data retention and purging to comply with internal and regulatory rules. |
Configurable retention settings for data privacy/regulatory compliance stated explicitly. |
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Placement Success Rate Reporting Calculates and displays the percentage of successfully placed facultative submissions. |
undefined Dashboard analytics on binding rates provided for process improvement. |
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Market Intelligence Dashboards Visualizations and metrics on reinsurer participation, pricing, and response times. |
Market dashboards visualizing quotes, deals, rates, and participation by reinsurer. | |
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Custom Report Builder Allows users to design bespoke operational and regulatory reports. |
Customizable reporting tools available for compliance, operational, and regulatory metrics. | |
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Drill-down Risk Analytics Enables granular analysis by account, territory, class of business, etc. |
Granular drill-down analytics are available at client, risk, and class-of-business levels. | |
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Exportable Reports Reports can be exported in various formats (Excel, PDF, CSV). |
Reports can be exported to Excel, PDF, and CSV formats. | |
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Deal Lifecycle Analysis Tracks and analyzes each stage from submission through binding for process improvement. |
End-to-end deal tracking and process analytics provided. | |
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Regulatory & Compliance Reporting Pre-built reports for regulatory authorities or management. |
Regulatory and compliance reports among standard reporting outputs. |
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Modern Intuitive User Interface Provides up-to-date, easy-to-navigate interface with clear workflows. |
Modern, intuitive, and visually clear interface shown in all product demos and screenshots. | |
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Global Search Functionality Allows users to search submissions, quotes, documents, and contracts. |
Full-system search described as a method to find submissions, quotes, and policy documents. | |
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Customizable Dashboard Lets users personalize their start and summary screens. |
User dashboards are customizable as highlighted in product tours. | |
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Accessibility Compliance Meets accessibility requirements (WCAG 2.1, ADA, etc.). |
Accessibility compliance (WCAG/ADA) referenced in public supporting documentation. | |
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Multi-language and Localization Support UI supports multiple languages and regional formats. |
Multi-language and regional format support for global clientele. | |
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Mobile Responsiveness Optimized for use on tablets and smartphones. |
Platform is presented as responsive and works on desktop, tablet, and mobile. | |
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Contextual Help and Guided Tours Embedded guides and help features assist new users. |
Guided tours and contextual help for new users are shown in demos. |
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Maximum Simultaneous Submissions Supported The upper limit of risk submissions the system can handle concurrently. |
No information available | |
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System Uptime Percentage of time the system is available. |
No information available | |
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Average Page Load Speed System response speed for end users. |
No information available | |
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Batch Processing Capability Supports bulk uploads, submissions, and document generation. |
Bulk processing and uploads are part of the workflow automation and high-volume placement management. | |
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Latency in Integration Workflows Delay for data sync with integrated systems. |
No information available |
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API Integration with Reinsurer Platforms System can push/pull data directly with reinsurers' own placement systems. |
Integrates directly with reinsurer digital deal/placement platforms using API connectivity. | |
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Direct Link to Market Exchanges Connection to recognized (re)insurance placement platforms (e.g., PPL, Whitespace, Ruschlikon). |
Direct integrations with PPL, Whitespace, and similar platforms are referenced. | |
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Message-based Communication Support Compatible with ACORD, Ebix, or other industry standard messaging. |
No information available | |
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E-broking Integration Works with broking tools for digital broking workflows. |
Digital broking workflows are a central use case for Insurwave. | |
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Automated Market Notifications Sends and receives structured notifications (invitations, confirmations, endorsements). |
Automated notifications (invites, confirmations) to market participants provided. | |
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Sanctions & KYC API Accessibility Checks sanctioned entities and performs KYC through third-party API connection. |
No information available |
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Multi-entity/Broker Structure Support Ability to service multiple legal entities or broking offices within the same installation. |
Supports broker groups with multiple offices and entities. | |
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Configurable Business Rules Allows users to set their own business logic for routing, approvals, and data validation. |
Business rule configuration through administrative setup interfaces referenced. | |
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User Support Resources Self-serve knowledgebase, user manuals, and FAQs provided. |
Documentation, guided tours, and help center available as user support resources. | |
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24/7 Support Availability System vendor provides around-the-clock technical support. |
Reference to global 24/7 support capabilities in enterprise support literature. | |
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Release Management & Upgrades Regular, seamless updates and upgrades with minimal user disruption. |
Release schedules and seamless upgrades (SaaS model) are referenced publicly. | |
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Sandbox/Test Environment Sandboxes for user testing new features and workflows. |
Sandboxes/test environments mentioned for enterprise customer proof of value and UAT. | |
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Data Migration Tools Utilities for mapping and transferring data from legacy systems. |
Migration/onboarding support available for clients migrating from legacy platforms. |
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