Reinsurance· Nextera 01
Nextera Bright
The core operating system for reinsurance brokers — from first placement to final settlement.
Overview
Nextera Bright is the core operating system for reinsurance broking, covering the full lifecycle — placement, facultative, treaty, renewal, claims, accounting, settlement, bordereaux and reporting — on one connected system of record.
By consolidating placement, claims and accounting into a single platform, Bright removes the reconciliation and handoffs that slow broking down — while keeping a complete, auditable trail across every treaty and transaction.
Capabilities
- Placement
- Structure and place risks with reinsurers, tracking quotes, firm orders and signed lines through to binding.
- Facultative
- Handle single-risk facultative placements end to end, each with its own slip, terms and cessions.
- Treaty
- Administer proportional and non-proportional treaties, from programme structure to participations.
- Renewal
- Carry treaties and facultative covers through renewal with prior-year terms and history in view.
- Claims
- Record and advise claims, apply them across cessions, and track recoveries from each reinsurer.
- Accounting
- Keep technical accounts by treaty and transaction — premiums, commissions, taxes and adjustments.
- Settlement
- Reconcile balances and settle with reinsurers and cedants, with a full audit trail per party.
- Bordereaux
- Produce and ingest premium and claims bordereaux in the formats each counterparty expects.
- Reporting
- Report across the book — production, outstanding balances, aged debt and regulatory returns.
Outcomes
- 40%
- faster placement cycles
- 99.9%
- settlement accuracy
- 6→1
- systems consolidated
FAQ
Frequently asked questions
Does Bright handle both facultative and treaty business?
Yes. Bright manages single-risk facultative placements and both proportional and non-proportional treaties in the same system of record, so a broker runs the whole book in one place.
Can it produce bordereaux in counterparty-specific formats?
Yes. Bright generates premium and claims bordereaux, and ingests inbound ones, in the layouts different reinsurers and cedants require.
How does Bright keep settlement accurate?
Technical accounts are held per treaty and transaction, and balances are reconciled per party before settlement, so every premium, commission and claim movement is traceable end to end.
Who is Bright built for?
Reinsurance brokers and their placement, treaty and finance and settlement teams who need one connected record from first placement to final settlement.
Ready to Get Started?
Schedule a personalized demo to see how our solution can address your specific needs.