Reinsurance Contract Management Template

Reinsurance Contract Management in Priority Matrix

Efficiently manage reinsurance contracts to ensure all terms, conditions, and deadlines are met.

You can start using Reinsurance Contract Management or other Insurance Project Templates with Priority Matrix in just a few steps:

1. Click to sign in or create an account in the system
2. Start adding your items to the matrix
3. If you prefer to use the Mac and Windows app download Priority Matrix and take your data with you

If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.

Proposed Tasks

High Impact, Urgent

• Compile a list of contract renewal dates
  ☐ Gather all contract renewal dates ☐ Create a reminder system for these dates
• Compile all reinsurance contracts
  ☐ Gather all existing reinsurance contracts ☐ Organize them by type and date
• Create a contract deadline calendar
  ☐ List out all contract deadlines ☐ Create a calendar reminder for each deadline
• Hold a team meeting to discuss new process
  ☐ Schedule a meeting with the team ☐ Discuss the new contract management process
• Hold a team meeting to review contract performance
  ☐ Schedule a meeting with the team ☐ Discuss contract performance and any necessary changes

High Impact, Non-Urgent

• Develop a contract renewal process
  ☐ Create a procedure for renewing contracts ☐ Implement the process for all upcoming renewals
• Establish a contract review process
  ☐ Develop a standard procedure for reviewing contracts ☐ Implement the process for all future contracts
• Review contract performance metrics
  ☐ Identify key performance metrics for contracts ☐ Review these metrics regularly
• Review terms and conditions of contracts
  ☐ Read through all contracts thoroughly ☐ Highlight any complex terms or conditions for further review
• Schedule regular contract audits
  ☐ Set a schedule for regular contract audits ☐ Ensure all contracts are being managed properly

Low Impact, Urgent

• Create a contract summary template
  ☐ Design a template to summarize key contract details ☐ Use this for all future contracts
• Develop a contract archiving process
  ☐ Create a procedure for archiving old contracts ☐ Implement the process as contracts expire
• Develop a contract dispute resolution process
  ☐ Create a procedure for resolving contract disputes ☐ Implement the process as needed
• Identify key contract stakeholders
  ☐ Determine who needs to be involved in the contract process ☐ Establish a communication plan with these stakeholders
• Train team on contract management system
  ☐ Schedule a training session for the team ☐ Ensure everyone understands how to use the system

Low Impact, Non-Urgent

• Create a contract amendment process
  ☐ Develop a procedure for amending contracts ☐ Implement the process for any necessary amendments
• Create a contract negotiation checklist
  ☐ Develop a checklist for contract negotiations ☐ Use this for all future negotiations
• Develop a contract termination process
  ☐ Create a procedure for terminating contracts ☐ Implement the process for any necessary terminations
• Implement a contract management system
  ☐ Research contract management systems ☐ Implement the chosen system
• Review and update contract templates
  ☐ Review existing contract templates ☐ Update templates as needed