Brokerage and Reinsurance Automation

Revolutionizing Brokerage and Reinsurance with Intelligent Automation

Transforming Brokerage and Reinsurance Operations for Maximum Efficiency

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World class fintechs and banks drive better CX with Alltius

Up to
50%
Reduction in operational costs
Up to
40%
Faster reinsurance placements
Up to
30%
Improvement in underwriting accuracy
“One of the best of its kind we've seen. Earlier, it took 6-7 months to get new reps to medium level in training. Alltius could cut that time by 50%.”
Nick Howard
CTO

Alltius' platform has been extremely promising. As a FinTech with high bar on partner security, they meet our info-sec standards.

Jyotiswarup R
CTO
“One of the best of its kind we've seen. Earlier, it took 6-7 months to get new reps to medium level in training. Alltius could cut that time by 50%.”
Nick Howard
CTO

Alltius' platform has been extremely promising. As a FinTech with high bar on partner security, they meet our info-sec standards.

Jyotiswarup R
CTO

Why use Brokerage and reinsurance automation platform?

Brokerages and reinsurers deal with large volumes of complex transactions and must respond quickly to market changes. Automation streamlines processes such as risk assessment, policy management, and claims handling. By automating these tasks, brokerages and reinsurers can improve accuracy, reduce costs, and increase efficiency, leading to better service for clients and faster decision-making.

Challenges in Brokerage and Reinsurance

  • 70% of reinsurance transactions involve manual data entry, leading to costly errors and inefficiencies.
  • Reconciliation of claims and premium payments takes weeks, delaying settlements and impacting cash flow.
  • Regulatory compliance is complex, requiring extensive documentation and frequent audits.
  • Fragmented data sources make risk assessment and underwriting decisions inconsistent.
  • Broker commissions and settlement calculations require significant manual intervention.

ransforming Brokerage and Reinsurance with Automation

  • Eliminate manual data entry with seamless system integrations, reducing errors by up to 90%.
  • Accelerate claims reconciliation and premium settlements from weeks to days.
  • Automate compliance tracking and reporting, ensuring regulatory adherence with real-time updates.
  • Enhance underwriting precision by consolidating risk data from multiple sources.
  • Automate broker commission calculations, reducing discrepancies and improving transparency.
  1. Data Ingestion: Extracts policy details, claims data, and premium information from multiple sources.
  2. Automated Reconciliation: Matches transactions against predefined rules, identifying discrepancies instantly.
  3. Compliance Monitoring: Tracks regulatory requirements and auto-generates reports for audits.
  4. Smart Decision Support: Uses structured risk models to support underwriting and portfolio optimization.
  5. Seamless Integrations: Connects with legacy systems, APIs, and third-party data sources.
Reduce processing time from weeks to days.
Minimize manual data entry errors and inconsistencies.
Stay ahead of compliance requirements effortlessly.
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Why choose Alltius?

Domain Knowledge
No Engineering Lift
It Works, Everytime!

Excellence in every channel

Build once & deploy AI across all your company channels - instantly.

Resolve issues on autopilot

Solve complex queries by taking actions on systems autonomously.

Agent assistance on point

Supercharge your team with AI agents that do heavy lifting for them.

Deliver ROI at speed of light

Turn all your customer interactions into growth opportunities - at scale without increasing your headcount.

‍

"Alltius’ work has been very promising! Within months they have deflected a substantial portion of our incoming tickets.

We see them as our extended team."

Jyotiswarup R, CTO, AngelOne

Tailored info-sec SLA plans

Ensure the highest degree of compliance & security requirements for your AI systems.

Privacy first data
control

PII protection, masking, VPN storage, AES encryption & more ensures no data leakage from any agent.  
Better Brokerage and reinsurance automation is just one call away!

Make AI your competitive edge. Use the future of CX that is ready today!

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FAQs

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What is brokerage in reinsurance?

Brokerage in reinsurance refers to the process where a reinsurance broker facilitates transactions between insurers and reinsurers, ensuring optimal coverage for risks.

What is the difference between an insurance broker and a reinsurance broker?

An insurance broker connects customers with insurance providers, while a reinsurance broker arranges risk-sharing agreements between insurers and reinsurers.

Who is the largest reinsurance broker?

Some of the largest reinsurance brokers include Aon, Guy Carpenter, and Willis Re.

Who pays reinsurance brokerage?

Typically, the reinsurer pays the brokerage fee to the reinsurance broker as part of the transaction.

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