INSURANCE REINSURANCE PLACEMENT CHECKLIST

Created by ChecklistGuro (https://checklistguro.com)


--- INITIAL ASSESSMENT & STRATEGY ---
[ ] Define Reinsurance Objectives
[ ] Estimated Retention Level (USD)
[ ] Type of Reinsurance Sought (Treaty, Facultative, Hybrid)
[ ] Effective Date of Review
[ ] Risk Areas to be Reinsured (Property, Casualty, Motor, Liability, Workers Compensation)
[ ] Primary Reason for Reinsurance

--- RISK ANALYSIS & MODELING ---
[ ] Estimated Loss Ratio (Current)
[ ] Projected Loss Ratio (Without Reinsurance)
[ ] Modeled Maximum Event Loss
[ ] Model Assumptions & Limitations
[ ] Modeling Software Used (Prophet, Igloo, Other)
[ ] Date of Last Model Validation
[ ] Supporting Model Documentation (e.g., validation reports)

--- REINSURER SELECTION ---
[ ] Financial Strength Rating Agency (A.M. Best, S&P, Moody's, Standard & Poor's, Fitch)
[ ] Rating Score
[ ] Capacity Assessment
[ ] Expertise Area (Property, Casualty, Liability, Marine, Specialty)
[ ] Financial Statements
[ ] Management Team Assessment

--- NEGOTIATION & TERMS ---
[ ] Attachment Point (USD)
[ ] Retention Point (USD)
[ ] Recovery Rate (%)
[ ] Treaty Type (Proportional, Non-Proportional, Facultative)
[ ] Effective Date
[ ] Coverage Scope Description
[ ] Loss Adjustment Clause (Standard, Modified)
[ ] Commission (%)

--- LEGAL REVIEW & DOCUMENTATION ---
[ ] Summary of Key Treaty Terms
[ ] Reinsurance Agreement Document
[ ] Governing Law (Jurisdiction 1, Jurisdiction 2, Jurisdiction 3)
[ ] Effective Date of Treaty
[ ] Legal Counsel Signature
[ ] Reference Number/Case ID

--- PLACEMENT & EXECUTION ---
[ ] Effective Date of Reinsurance Treaty
[ ] Treaty Type (Facultative, Proportional, Non-Proportional)
[ ] Premium Allocated to Reinsurance
[ ] Ceding Company Authorized Signatory
[ ] Reinsurer Authorized Signatory
[ ] Placement Notes & Comments
[ ] Executed Reinsurance Treaty Document

--- POST-PLACEMENT REVIEW & MONITORING ---
[ ] Last Review Date
[ ] Loss Ratio (YTD)
[ ] Recovery Ratio (YTD)
[ ] Reinsurer Performance Rating (Excellent, Good, Fair, Needs Improvement)
[ ] Comments on Reinsurer Performance
[ ] Next Scheduled Review Date
[ ] Areas Requiring Further Scrutiny (Loss Reserves, Claims Handling, Communication, Pricing)

--- REGULATORY COMPLIANCE ---
[ ] Applicable Regulatory Framework(s) (NAIC Model Laws, State Specific Regulations, Solvency II, Other (Specify))
[ ] Summary of Key Regulatory Requirements
[ ] Last Regulatory Examination Date
[ ] Regulatory Reporting Frequency (e.g., quarterly)
[ ] Supporting Documentation (e.g., exam reports)
[ ] Compliance Status (Compliant, Non-Compliant, In Progress)
[ ] Description of any Non-Compliance Issues

--- END OF TEMPLATE ---
Transform this text into a digital, automated, and trackable mobile app!
Visit: https://checklistguro.com/templates/insurance/insurance-reinsurance-placement-checklist
(Click "Install Template" to launch your digital inspection tool immediately)