Reinsurance

Trusted Data

Integration

open market

What is B3i Re?

B3i is enabling the Reinsurance industry to transition and become fundamentally digital, end to end.

 

Our application supports the electronic placement and administration of reinsurance treaties, from structuring the submission to negotiating, binding, endorsing and technical accounting.

 

The application has been developed in close collaboration with Brokers, Insurers and Reinsurers to ensure that the product matches all the requirements and brings value to all the stakeholders.

 

Our reinsurance application is called B3i Re.

Learn about B3i Re

Getting started with B3i Re

We have a simple vision for the future of Reinsurance.

Reinsurance market participants: cedents, brokers, reinsurers.

Treaty Cat XOL and Facultative Quota Share

The B3i Re roadmap includes all contract types and lines of business.

The B3i Business Network is a private permissioned DLT network for the insurance industry.

The network provides several helpful services to customers, including:

  • KYC checks and completes which enable increased security standards and trust across the distributed network.
  • An in-built membership directory allows members to discover new members via the directory.
  • An ability for brokers to offer services to a new and expanded network
  • The ability to interoperate across a web of interconnected networks, transacting with adjacent industries, such as Banking and Supply Chain.
  • Other operational services and tools to support network management.

Structured, trusted and automated data, with a single version of the truth facilitates end-to-end business model transformation and enables companies to fully digitise their reinsurance operations.

Removing friction with fully synchronised and real time data allows companies to spend more time on revenue generating activities and make better use of resource by shifting the focus away from administration and on to activities which make a real impact for the business.

Market Value end-to-end

End-to-End

Structured, trusted and automated data, with a single version of the truth facilitates end-to-end business model transformation and enables companies to fully digitise their reinsurance operations.

Single version of the truth

When it comes to generating value, having one single version of the truth (SVOT), where all parties have access to the same data in real-time, is a game changer for brokers, insurers and reinsurers.

The power of integration

Ritablock

Working with our integration partner, Ritablock, enables B3i Re to integrate with market leading reinsurance administration  systems such as:

Replace manual accounting activities using Ritablock and B3i Re. Data transfer and data mapping takes place within seconds – instead of weeks. 

B3i-Ritablock-Use-Case

Experience our solutions for yourself

Speak to our team of experts today
who can find the right solution for you.