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Top 10 Best Reinsurance Software of 2026

Discover top 10 reinsurance software solutions. Compare features & find the best fit – start optimizing today!

Sarah Mitchell

Sarah Mitchell

Feb 11, 2026

10 tools comparedExpert reviewed
Independent evaluation · Unbiased commentary · Updated regularly
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Reinsurance software is pivotal for streamlining operations, managing complex contracts, and mitigating risk in global insurance ecosystems. A robust tool is essential to navigating diverse business needs—from treaty administration to catastrophe modeling—making the right choice a cornerstone of organizational efficiency. This curated list showcases 10 leading solutions, each tailored to address unique challenges in reinsurance workflows.

Quick Overview

  1. 1#1: Sapiens ReinsuranceMaster - End-to-end reinsurance administration platform for contract management, bordereaux processing, recoveries, and financial settlements.
  2. 2#2: Majesco Reinsurance - Cloud-native solution for reinsurance accounting, facultative/proportional contract handling, and regulatory compliance.
  3. 3#3: Duck Creek Reinsurance - Integrated reinsurance management system supporting ceded and assumed business with seamless policy administration integration.
  4. 4#4: Guidewire Reinsurance Management - Comprehensive reinsurance module for treaty and facultative handling within the Guidewire InsuranceSuite platform.
  5. 5#5: RMS Risk Intelligence - Advanced probabilistic risk modeling platform for catastrophe reinsurance pricing, accumulation analysis, and portfolio optimization.
  6. 6#6: Verisk AIR - Catastrophe modeling software for simulating natural perils to support reinsurance risk assessment and decision-making.
  7. 7#7: EIS Reinsurance - Configurable reinsurance platform handling contracts, claims recovery, and cash flow management across lines of business.
  8. 8#8: PolySystems - Actuarial modeling software for life and annuity reinsurance valuation, projections, and statutory reporting.
  9. 9#9: SAS Risk Management for Insurance - Analytics-driven platform for reinsurance portfolio risk analysis, economic capital modeling, and stress testing.
  10. 10#10: Oracle Insurance Reinsurance - Enterprise reinsurance accounting engine integrated with Oracle's policy and financial systems for global operations.

Solutions were ranked based on comprehensive evaluation of key factors, including feature depth, technical reliability, user-friendliness, and value proposition, ensuring alignment with the demands of modern reinsurance professionals.

Comparison Table

Reinsurance software is essential for managing complex risk transfer processes, and this comparison table breaks down leading tools like Sapiens ReinsuranceMaster, Majesco Reinsurance, Duck Creek Reinsurance, Guidewire Reinsurance Management, and RMS Risk Intelligence, helping readers assess key features and suitability. Readers will gain insights into unique strengths, integration capabilities, and operational fit to identify the best software for their specific needs.

End-to-end reinsurance administration platform for contract management, bordereaux processing, recoveries, and financial settlements.

Features
9.8/10
Ease
9.2/10
Value
9.5/10

Cloud-native solution for reinsurance accounting, facultative/proportional contract handling, and regulatory compliance.

Features
9.5/10
Ease
8.4/10
Value
8.7/10

Integrated reinsurance management system supporting ceded and assumed business with seamless policy administration integration.

Features
9.2/10
Ease
7.9/10
Value
8.4/10

Comprehensive reinsurance module for treaty and facultative handling within the Guidewire InsuranceSuite platform.

Features
9.2/10
Ease
7.8/10
Value
8.1/10

Advanced probabilistic risk modeling platform for catastrophe reinsurance pricing, accumulation analysis, and portfolio optimization.

Features
9.5/10
Ease
7.8/10
Value
8.2/10
6Verisk AIR logo8.6/10

Catastrophe modeling software for simulating natural perils to support reinsurance risk assessment and decision-making.

Features
9.3/10
Ease
7.7/10
Value
8.2/10

Configurable reinsurance platform handling contracts, claims recovery, and cash flow management across lines of business.

Features
8.6/10
Ease
7.4/10
Value
7.8/10

Actuarial modeling software for life and annuity reinsurance valuation, projections, and statutory reporting.

Features
8.8/10
Ease
7.4/10
Value
7.9/10

Analytics-driven platform for reinsurance portfolio risk analysis, economic capital modeling, and stress testing.

Features
9.5/10
Ease
7.2/10
Value
8.0/10

Enterprise reinsurance accounting engine integrated with Oracle's policy and financial systems for global operations.

Features
8.4/10
Ease
6.7/10
Value
7.1/10
1
Sapiens ReinsuranceMaster logo

Sapiens ReinsuranceMaster

enterprise

End-to-end reinsurance administration platform for contract management, bordereaux processing, recoveries, and financial settlements.

Overall Rating9.7/10
Features
9.8/10
Ease of Use
9.2/10
Value
9.5/10
Standout Feature

AI-powered reinsurance optimization engine that dynamically models scenarios for risk transfer, pricing, and capital efficiency

Sapiens ReinsuranceMaster is a leading end-to-end reinsurance management platform that automates the full lifecycle of reinsurance operations, from contract placement and bordereaux processing to claims recovery and financial close. It supports proportional, non-proportional, facultative, and retrocession arrangements, with robust integration capabilities for core insurance systems. Designed for global insurers and reinsurers, it leverages AI-driven analytics for risk modeling, optimization, and regulatory compliance across multiple jurisdictions.

Pros

  • Comprehensive automation of complex reinsurance workflows, reducing manual errors and processing time
  • Advanced AI and analytics for predictive modeling, portfolio optimization, and real-time insights
  • Seamless scalability and integration with Sapiens' broader insurance suite and third-party systems

Cons

  • High implementation costs and timeline for large-scale deployments
  • Steep learning curve for non-technical users despite intuitive UI
  • Customization requires professional services, limiting quick setups for smaller firms

Best For

Large insurers and reinsurers managing high-volume, complex global reinsurance portfolios who need enterprise-grade automation and compliance.

Pricing

Enterprise licensing with custom pricing starting at $500K+ annually, based on modules, users, and deployment (cloud/on-prem); contact sales for quotes.

2
Majesco Reinsurance logo

Majesco Reinsurance

enterprise

Cloud-native solution for reinsurance accounting, facultative/proportional contract handling, and regulatory compliance.

Overall Rating9.2/10
Features
9.5/10
Ease of Use
8.4/10
Value
8.7/10
Standout Feature

AI-driven intelligent bordereaux processing that automates validation, exception handling, and straight-through reconciliation at scale

Majesco Reinsurance is a cloud-native SaaS platform specializing in comprehensive reinsurance lifecycle management for insurers and reinsurers. It supports treaty and facultative placements, bordereaux processing, premium and claims recoveries, financial reconciliations, and regulatory reporting. The solution integrates deeply with core P&C insurance systems, leveraging AI and analytics for optimized risk transfer and portfolio management.

Pros

  • Handles complex reinsurance structures including retrocession and ILUs seamlessly
  • Advanced AI-powered analytics for predictive bordereaux validation and claims allocation
  • Scalable, low-code configuration for rapid deployment and customization

Cons

  • Steep initial learning curve for non-expert users
  • Custom pricing lacks transparency and can be premium for smaller firms
  • Heavy reliance on professional services for full implementation

Best For

Enterprise insurers and reinsurers managing large, complex reinsurance portfolios requiring end-to-end automation.

Pricing

Custom enterprise SaaS subscription starting at $500K+ annually, based on modules, users, and transaction volume.

3
Duck Creek Reinsurance logo

Duck Creek Reinsurance

enterprise

Integrated reinsurance management system supporting ceded and assumed business with seamless policy administration integration.

Overall Rating8.7/10
Features
9.2/10
Ease of Use
7.9/10
Value
8.4/10
Standout Feature

Automated multi-treaty bordereaux generation and reconciliation with AI-driven discrepancy detection

Duck Creek Reinsurance is a cloud-native SaaS platform tailored for property and casualty insurers to manage ceded and assumed reinsurance operations efficiently. It supports treaty and facultative management, automated bordereaux processing, premium/loss calculations, and regulatory compliance reporting. The solution integrates seamlessly with Duck Creek's broader insurance suite, including policy administration and claims, providing end-to-end visibility and automation for complex reinsurance workflows.

Pros

  • Comprehensive treaty and facultative management with automated calculations for premiums, losses, and ARAP
  • Robust integration with Duck Creek ecosystem for unified insurance operations
  • Scalable cloud architecture with real-time analytics and compliance tools

Cons

  • Steep learning curve due to high configurability and enterprise complexity
  • Pricing requires custom quotes, potentially expensive for smaller firms
  • Heavy reliance on professional services for initial setup and customization

Best For

Mid-to-large P&C insurers needing integrated reinsurance management within a full-suite insurance platform.

Pricing

Subscription-based SaaS model; pricing customized based on modules, users, and transaction volume—contact vendor for quote.

4
Guidewire Reinsurance Management logo

Guidewire Reinsurance Management

enterprise

Comprehensive reinsurance module for treaty and facultative handling within the Guidewire InsuranceSuite platform.

Overall Rating8.7/10
Features
9.2/10
Ease of Use
7.8/10
Value
8.1/10
Standout Feature

Real-time unified view of gross/net reinsurance positions with predictive modeling for exposure optimization

Guidewire Reinsurance Management is a robust, cloud-native solution within the Guidewire InsuranceSuite that automates the full reinsurance lifecycle for P&C insurers, from contract placement and bordereaux processing to recoveries, settlements, and reporting. It provides real-time visibility into gross and net positions, handles complex treaties and facultative arrangements, and integrates seamlessly with PolicyCenter and ClaimCenter. Designed for enterprise-scale operations, it supports compliance with IFRS 17 and other regulations while enabling advanced analytics for risk management.

Pros

  • Seamless integration with Guidewire PolicyCenter and ClaimCenter for end-to-end workflows
  • Comprehensive automation of reinsurance accounting, recoveries, and bordereaux processing
  • Real-time exposure management and regulatory compliance tools (e.g., IFRS 17 support)

Cons

  • Steep implementation timeline and high upfront costs for customization
  • Primarily optimized for Guidewire ecosystem users, limiting standalone flexibility
  • Complex user interface requiring significant training for non-expert staff

Best For

Large P&C insurers already invested in the Guidewire InsuranceSuite who need integrated, scalable reinsurance management.

Pricing

Enterprise subscription model via Guidewire Cloud; annual costs typically range from $500K to several million based on policy volume, users, and customizations.

5
RMS Risk Intelligence logo

RMS Risk Intelligence

specialized

Advanced probabilistic risk modeling platform for catastrophe reinsurance pricing, accumulation analysis, and portfolio optimization.

Overall Rating8.7/10
Features
9.5/10
Ease of Use
7.8/10
Value
8.2/10
Standout Feature

Proprietary, high-fidelity probabilistic models for 100+ natural catastrophe perils, validated against historical events

RMS Risk Intelligence is a leading risk analytics platform tailored for the insurance and reinsurance sectors, offering advanced catastrophe modeling and portfolio risk management tools. It leverages proprietary probabilistic models for over 100 global perils, enabling precise risk assessment, pricing optimization, and capital allocation. The platform integrates AI-driven analytics, scenario simulations, and real-time data visualization to support strategic reinsurance decisions.

Pros

  • Industry-leading probabilistic catastrophe models with high accuracy
  • Comprehensive portfolio analytics and optimization tools
  • Scalable cloud-based platform for enterprise-level operations

Cons

  • Steep learning curve for non-expert users
  • High implementation and licensing costs
  • Limited flexibility for custom model development

Best For

Large reinsurance firms and insurers requiring sophisticated, science-backed catastrophe risk modeling for complex portfolios.

Pricing

Enterprise subscription pricing starting at $100K+ annually, customized based on user scale and modules; quotes available upon request.

6
Verisk AIR logo

Verisk AIR

specialized

Catastrophe modeling software for simulating natural perils to support reinsurance risk assessment and decision-making.

Overall Rating8.6/10
Features
9.3/10
Ease of Use
7.7/10
Value
8.2/10
Standout Feature

Touchstone's unified multi-peril modeling engine, enabling consistent risk assessment across all hazards in one platform

Verisk AIR offers advanced catastrophe risk modeling software, primarily through its Touchstone platform, designed for reinsurance professionals to assess and manage property, casualty, and specialty risks. It provides stochastic simulations, portfolio optimization, and exposure management tools to model natural and man-made catastrophes across over 200 countries. The solution supports reinsurance pricing, accumulation analysis, and regulatory reporting, leveraging vast historical and probabilistic datasets for precise risk quantification.

Pros

  • Industry-leading catastrophe models with high-resolution hazard data for 30+ perils
  • Seamless integration with third-party systems and robust API support
  • Comprehensive analytics including tail risk and scenario testing

Cons

  • Steep learning curve requiring specialized training
  • High cost and long implementation timelines
  • Limited flexibility for non-standard customizations

Best For

Large reinsurers and insurers needing enterprise-grade catastrophe modeling for global portfolios.

Pricing

Custom enterprise licensing; annual subscriptions typically range from $500,000+ based on users, modules, and data volumes.

7
EIS Reinsurance logo

EIS Reinsurance

enterprise

Configurable reinsurance platform handling contracts, claims recovery, and cash flow management across lines of business.

Overall Rating8.1/10
Features
8.6/10
Ease of Use
7.4/10
Value
7.8/10
Standout Feature

AI-driven bordereaux automation for straight-through processing and error detection

EIS Reinsurance, from EIS Group (eisgroup.com), is a comprehensive core system platform designed specifically for reinsurance operations in property & casualty and life insurance. It handles end-to-end processes including treaty and facultative management, ceded/assumed reinsurance, bordereaux processing, claims recovery, and financial reconciliation. The solution leverages a modern, cloud-native architecture with low-code configuration for scalability and integration with existing policy administration systems.

Pros

  • Robust support for complex treaty structures and retrocessions
  • Real-time analytics and regulatory reporting capabilities
  • Highly configurable low-code platform for customization

Cons

  • Complex initial setup and lengthy implementation timelines
  • Higher cost structure suited for enterprise-scale users
  • Limited transparency on pricing and out-of-box reinsurance templates

Best For

Large insurers and reinsurers managing high-volume, complex portfolios who need deep integration with core insurance systems.

Pricing

Enterprise licensing with custom pricing; typically $500K+ annually based on modules, users, and deployment scale.

8
PolySystems logo

PolySystems

specialized

Actuarial modeling software for life and annuity reinsurance valuation, projections, and statutory reporting.

Overall Rating8.2/10
Features
8.8/10
Ease of Use
7.4/10
Value
7.9/10
Standout Feature

Seamless multi-layered reinsurance modeling including retrocessions and alternative risk transfer structures

PolySystems, through its Eclipse platform, provides advanced actuarial modeling software tailored for life insurance, annuities, and reinsurance sectors. It excels in stochastic modeling of complex reinsurance treaties, including quota share, surplus assistance, and catastrophe covers, enabling precise risk assessment and pricing. The solution supports regulatory compliance like Solvency II and IFRS 17, with robust scenario generation and portfolio optimization tools.

Pros

  • Powerful stochastic modeling for complex reinsurance structures
  • High accuracy in risk calculations and scenario testing
  • Strong integration with enterprise systems and data sources

Cons

  • Steep learning curve for non-actuarial users
  • Outdated user interface compared to modern SaaS alternatives
  • High upfront implementation and customization costs

Best For

Large reinsurers and actuarial teams handling sophisticated multi-treaty portfolios and regulatory modeling needs.

Pricing

Enterprise licensing with custom quote-based pricing; typically starts at $100K+ annually for mid-sized implementations, plus setup fees.

Visit PolySystemspolysystems.com
9
SAS Risk Management for Insurance logo

SAS Risk Management for Insurance

enterprise

Analytics-driven platform for reinsurance portfolio risk analysis, economic capital modeling, and stress testing.

Overall Rating8.7/10
Features
9.5/10
Ease of Use
7.2/10
Value
8.0/10
Standout Feature

High-performance Economic Scenario Generator for precise reinsurance stochastic simulations

SAS Risk Management for Insurance is an advanced analytics platform designed to help insurers and reinsurers model, aggregate, and mitigate risks across portfolios. It excels in catastrophe modeling, reinsurance optimization, stochastic simulations, and compliance with standards like IFRS 17 and Solvency II. The solution leverages SAS Viya for AI/ML integration, enabling predictive insights for ceded reinsurance and capital management.

Pros

  • Powerful stochastic and catastrophe risk modeling
  • Seamless integration with regulatory reporting
  • High-performance analytics scalable for enterprise use

Cons

  • Steep learning curve requiring SAS expertise
  • High implementation and licensing costs
  • Less intuitive UI compared to modern low-code alternatives

Best For

Large insurers and reinsurers with complex portfolios needing deep analytical risk modeling and regulatory compliance.

Pricing

Custom enterprise licensing, typically $500K+ annually depending on modules and user scale.

10
Oracle Insurance Reinsurance logo

Oracle Insurance Reinsurance

enterprise

Enterprise reinsurance accounting engine integrated with Oracle's policy and financial systems for global operations.

Overall Rating7.6/10
Features
8.4/10
Ease of Use
6.7/10
Value
7.1/10
Standout Feature

Integrated gross-to-net accounting engine that automates reinsurance cash flows and recoveries across diverse contract types

Oracle Insurance Reinsurance is an enterprise-grade solution that manages the full reinsurance lifecycle, including contract administration, facultative and treaty placements, claims bordereaux processing, and financial reconciliations. It integrates seamlessly with Oracle's policy administration and financial services platforms to provide a unified view of gross and net positions. The software supports complex premium and loss calculations, regulatory reporting, and risk analytics for large-scale reinsurance operations.

Pros

  • Robust scalability and integration with Oracle ecosystem for enterprise-wide operations
  • Advanced tools for complex reinsurance calculations and compliance reporting
  • Strong security features and support for global multi-currency transactions

Cons

  • Steep learning curve and complex implementation process
  • High licensing and customization costs
  • Less intuitive user interface compared to modern SaaS alternatives

Best For

Large reinsurers and primary insurers with complex, high-volume portfolios needing deep integration into existing Oracle infrastructure.

Pricing

Enterprise licensing model with custom pricing; typically starts at $500K+ annually based on modules, users, and deployment scale.

Conclusion

The reviewed reinsurance tools showcase exceptional performance, with Sapiens ReinsuranceMaster emerging as the top choice, offering an end-to-end platform for contract management, processing, and financial settlements. Majesco Reinsurance and Duck Creek Reinsurance stand out as strong alternatives, with the former excelling in cloud-native accounting and compliance, and the latter in integrated policy administration, ensuring they meet diverse operational needs. Together, these solutions highlight the breadth of innovation in reinsurance software.

Sapiens ReinsuranceMaster logo
Our Top Pick
Sapiens ReinsuranceMaster

Take the next step to optimize your reinsurance workflows—start with Sapiens ReinsuranceMaster for its comprehensive capabilities, or explore Majesco and Duck Creek to find the tool that best fits your specific business requirements.