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Treaty renewal preparation involves extracting terms from expiring contracts, comparing them to renewal quotes, identifying changes, and preparing summaries for approval. Manual processes take 10-15 days per treaty. AI-powered contract intelligence reduces this to 2-4 days by automating extraction, comparison, and reporting—freeing underwriters to focus on negotiation strategy.
Key Takeaways
- 1. Manual treaty renewal cycles average 10-15 days per treaty
- 2. AI automation reduces cycle time to 2-4 days with higher accuracy
- 3. Extraction captures 200+ fields from expiring treaties automatically
- 4. Comparison highlights all changes between expiring and renewing terms
- 5. Cedent summaries and renewal memos generate automatically
- 6. I&L (interests and liabilities) tracking ensures complete program analysis
- 7. Integration with spreadsheets and presentation tools streamlines reporting
What Ultrassure Does
- • Extracts all terms from expiring treaties in minutes, not days
- • Compares expiring vs renewal quotes with clause-level precision
- • Generates renewal comparison reports for committee review
- • Tracks I&L across multi-layer programs
- • Exports to Excel, PowerPoint, and email-ready formats
Frequently Asked Questions
What information should I extract from expiring treaties?
Key fields include limits, retentions, reinstatements, premium, ceding commission, profit commission, loss participation, territory, class of business, exclusions, and special conditions. AI extracts 150+ fields per treaty.
How do I track multi-layer reinsurance programs?
Contract intelligence links related treaties within a program—excess layers, quota shares, and facultative placements. I&L reports show total ceded exposure by layer, market, and coverage period.
What's the typical renewal timeline with automation?
With automation: Day 1-2: extraction and comparison complete. Day 2-3: underwriter review and negotiation prep. Day 3-4: committee presentation and approval. Compare to 10-15 days manually.
Can I automate cedent loss reporting?
Yes. Bordereaux and loss advices are extracted and validated against treaty terms. Reports flag claims approaching attachment points, track paid vs incurred, and calculate treaty exposures.
How does AI help with renewal negotiation?
AI surfaces historical precedents—what terms were accepted or rejected in past renewals, what market conditions drove changes, and how this treaty compares to similar placements in the portfolio.
What formats are supported for expiring treaties?
Ultrassure processes PDFs, Word documents, scanned images, and emails with attachments. Multi-file treaty packages are assembled automatically, matching wordings with endorsements.
How do I handle treaties with complex structures?
Complex structures (loss corridors, swing rating, aggregate limits) are extracted and visualized. Scenario modeling shows exposure under different loss patterns.
Can renewal data integrate with our actuarial models?
Yes. Extracted treaty terms export to actuarial systems via API or structured files. This eliminates manual re-keying and ensures pricing models use accurate contract terms.
Related Resources
10-15 days reduced to 2-4 days
Version comparison methods
Technical overview
See renewal automation
Ready to see it in action?
Request a demo to see how Ultrassure transforms your contract workflows.
Disclaimer: This content is provided for informational purposes only and does not constitute legal, financial, or professional advice. Please consult with qualified professionals for advice specific to your situation.
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