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What is RI-TOOL?

RI-TOOL is an advanced multi-tenant SaaS platform tailored for reinsurance professionals, enabling them to efficiently document, structure, and formalize treaty clauses. Each clause is represented as a directed acyclic graph (DAG) of components, which provides a precise and machine-readable representation of complex contractual logic that conventional spreadsheets cannot achieve. The system supports the entire reinsurance workflow through nine specialized roles, including clause drafting by Junior underwriters, validation by Senior underwriters, actuarial formalization by Actuaries, risk exposure modeling by Risk Modelers, contract drafting by Managers, and statement-of-account preparation by both SOA Seniors and SOA Juniors. Each user is allocated a personalized workspace that comes with a foundational library of standard clauses, basic DAG models resembling LEGO bricks, and SOA templates for areas like Profit Commission and Loss Participation. Moreover, the platform boasts an extensive glossary of 298 terms available in 14 languages, including English, French, German, and Spanish, among others. Additionally, the platform ensures the security of all documents through AES-256-GCM encryption, safeguarding sensitive data from unauthorized access. This comprehensive system not only optimizes workflow but also fosters enhanced collaboration among reinsurance experts, ultimately driving greater efficiency in the reinsurance industry. Through its innovative approach, RI-TOOL stands out as a crucial tool for modern reinsurance practices.

What is Duck Creek Reinsurance?

Duck Creek Reinsurance enhances and automates the reinsurance workflow by integrating all relevant details related to contracts, which include treaties, facultative policies, claims, incidents, and assorted financial and technical data. This versatile system manages contracts for their entire duration, covering aspects such as underwriting, endorsements, and renewals, while also supporting various currencies and GAAP standards. By adeptly computing recoveries and promptly producing reinsurance invoices, it guarantees that every claim eligible for coverage is correctly identified, thereby achieving the goals of both ceded and assumed reinsurance in relation to risk management and capital efficiency. The digital overhaul of reinsurance administration equips finance and risk management professionals to leverage data more effectively, which aids in making vital decisions about risk appetite and enhances negotiations surrounding contracts. Furthermore, the transition to automation, standardization, and improved data visibility reduces dependency on unwieldy tools like spreadsheets and outdated databases, leading to greater operational efficiency. This holistic strategy not only streamlines processes but also cultivates a more cohesive relationship between risk management and financial goals, ultimately driving better business outcomes. In doing so, organizations can navigate complexities in the reinsurance landscape with greater ease and confidence.

Media

Media

Integrations Supported

Duck Creek Suite
FurtherAI

Integrations Supported

Duck Creek Suite
FurtherAI

API Availability

Has API

API Availability

Has API

Pricing Information

$0
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

RI-TOOL

Date Founded

2026

Company Location

France

Company Website

ri-tool.com

Company Facts

Organization Name

Duck Creek

Date Founded

2000

Company Location

United States

Company Website

www.duckcreek.com/product/reinsurance/

Categories and Features

Categories and Features

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