For Insurers and Reinsurers
Your External Auditor Will Ask About Bordereaux.
Have the Answer Ready.
CedeOS gives African and Asian insurers the infrastructure to close the books accurately, satisfy IFRS 17 auditors, and recover premium leakage — without rebuilding your team.
Your quarterly reality
Three problems. One quarter. Every quarter.
The CFO's Exposure
Under IFRS 17, you sign financial statements that include CSM figures derived from bordereaux data. The bordereaux was produced by a manual process that has never been formally audited. The external auditor asks to trace the CSM figure back to the original policy. The answer is a shared drive containing files named 'Q2_recon_v4_FINAL_actual.xlsx.' A prior period restatement is not a technical matter. It is a career event.
IFRS 17 effective Jan 2023 — Prior period restatement risk: personal CFO liability
Premium Leakage
The average insurer writing $50M GWP loses $1.25M per year to reinsurance premium leakage. Not because of fraud. Because manual processes cannot validate every bordereaux row against every treaty clause every quarter. Systematic errors look correct in aggregate. They accumulate silently.
$1.25M/yr at $50M GWP — Calculation: 2.5% x $50M. Industry benchmark; pilot validation ongoing.
The Reconciliation Cycle
Six weeks per quarter. Four senior actuaries. One shared reconciliation spreadsheet that breaks when someone adds a column. Your largest MGA sends a PDF. Your reinsurer queries a figure from the submission you filed 90 days ago. You do not have a complete answer for 3 weeks.
6 weeks quarterly close manual baseline — Source: insurer interviews across African markets
All metrics methodology-backed. Sources cited per metric.
Validated outcome
The standard is achievable. Here is the evidence.
“East African composite insurer, KES 8B GWP: quarterly close reduced from 6 weeks to under 3 hours. Five systematic error categories eliminated before first reinsurer submission.”
Former Chief Actuary · East African Reinsurer · Kenya
Anonymized per D-04 protocol. Identity available under NDA for qualified enterprise evaluators. Manual baseline from insurer interviews across African markets; CedeOS pilot validation.
Manual baseline from insurer interviews across African markets; CedeOS pilot validation
The solution
One platform. Every stage of the reinsurance back-office.
Bordereaux Intelligence
Every bordereaux row validated against applicable treaty clauses before submission. Audit trail from source policy to financial statement.
Learn moreCompliance Shield
Real-time monitoring across 8 regulatory frameworks. IFRS 17 audit trail with CSM traceability. Data residency by architecture.
Learn moreTreaty Validation
Treaty clauses extracted and applied automatically. Aggregate retention monitored. Reinstatement calculations correct on first submission.
Learn moreLeakage Analytics
Prospective leakage prevention. CFO-ready recovery dashboard. $1.25M per year recovered at $50M GWP.
Learn moreIFRS 17 compliance
IFRS 17 made bordereaux errors a CFO-level problem.
IFRS 17 transition is complete. The standard is live. Prior period restatement risk is now a personal liability for the CFO who signs the statements. The question is not whether you comply — it is whether your bordereaux process is auditable.
CSM Accuracy
The Contractual Service Margin is calculated from bordereaux data. If the bordereaux is wrong, the CSM is wrong. CedeOS validates every bordereaux row before the CSM calculation runs.
Prior Period Restatement Prevention
An error discovered in external audit requires a prior period restatement. The CFO signs the restatement. CedeOS prevents the underlying error before the submission leaves the building.
Audit Trail
Every transformation logged with input values, output values, and governing rule. When the external auditor asks to trace a CSM figure to its source policy, the answer is one click.
Regulatory coverage
Every framework you operate under. Covered automatically.
IRA Kenya
KenyaQuarterly XML submission generated automatically. Solvency calculations. Annual returns formatted for direct regulatory submission.
NAICOM Nigeria
Nigeria40% minimum retention calculation validated on every bordereaux row. Quarterly filing automated. Format changes handled at infrastructure level.
FSCA South Africa
South AfricaIFRS 17 audit trail with full CSM traceability. POPIA-compliant data residency. External auditor-ready reporting from compliant infrastructure.
SAMA Saudi Arabia
Saudi ArabiaIn-country data processing. Takaful oversight natively supported. Wakala and conventional products separated at ingestion.
IFRS 17
Global (2023)CSM traceability from source policy. Complete audit chain before submission. Prior period restatement risk eliminated at the data layer.
POPIA
South AfricaSouth African client data processed in South Africa. In-country by architecture — not by configuration after deployment.
What happens next
From first conversation to validated quarterly close.
Discovery Call
We understand your current bordereaux process, treaty structure, and regulatory obligations. No pitch. No product demo until we understand your context.
Technical Assessment
We map your data flows, identify the reconciliation gaps, and quantify the leakage exposure. You receive a written assessment regardless of whether you proceed.
Pilot
Your actual bordereaux data through the platform. Reconciliation errors surfaced. IFRS 17 audit trail generated. You see the outcome before committing to production.
Production
First validated quarterly close on CedeOS infrastructure. Reinsurer submissions generated automatically. The external audit trail exists from day one.
Your next quarterly close should take 3 hours.
Start with the Technical Brief. Move to a pilot assessment when ready.
All engagements begin with a discovery call. No commitment required until you have seen the outcome on your own bordereaux data.