Applied AI library

IGR Contract-to-Cashflow

Read an intra-group retrocession contract, extract the parameters the cashflow tool needs with a clause citation for each, and hand the approved sheet to cashflow generation.

At a glance

Creating intra-group retrocession (IGR) cashflows starts with a person reading the contract. They find the parameters the cashflow tool needs, such as the legal entities, the coverage, the share, the period, the currency, the payment terms, and the commission rate, and type them into the system. A mistyped share or a wrong period end flows into booked cashflows and surfaces months later.

The contract processing agent does a structured parameter extraction. For every parameter required by the schema it extracts the value, cites the clause it came from, and classifies it as Covered, Ambiguous, or Not found. Code checks the sheet for completeness, types, ranges, and consistency between fields. A reviewer resolves the flagged items and approves. Approval sends the sheet to the existing cashflow tool to generate cashflows.

  1. Person: The required parameters with types, ranges, and definitions.
  2. System: The signed contract enters the register. Code gives it an ID and numbers the clauses.
  3. Agent: One value, one unit, and one clause per schema parameter, marked Covered, Ambiguous, or Not found.
  4. Code: Completeness, types, ranges, and consistency between fields. Open items put the sheet on hold.
  5. Person: Resolve every open item against the clause text. Approve the sheet.
  6. System: The approved sheet goes to the existing cashflow tool, which creates the cashflows as it does today.
Primary user
IGR team
When to use
A new contract requires parameter extraction
Inputs
Signed contract and parameter schema
Outputs
Cited, validated cashflow parameters

Preview the workflow steps

This section follows one contract through the workflow. Open the review package at the Review stage to resolve the two items the agent could not fill and approve the parameters. Approval sends them for cashflow creation.

System

The signed contract is filed

The contract enters the register as it does today. Code gives it a stable ID and numbers every clause, so that each extracted value can point to one clause.

Contract IGR-2027-017 | filed 28 August 2026

IGR-2027-017.pdf11 clauses

Reference IGR-2027-017

Intra-Group Quota Share Retrocession Agreement

between
MAA Europe AG, Munich
(the Retrocedent)
and
MAA Switzerland Ltd, Zurich
(the Retrocessionaire)

  1. Article 1. Parties

    This Agreement is made between MAA Europe AG, a company incorporated in Germany with its registered office in Munich (the Retrocedent), and MAA Switzerland Ltd, a company incorporated in Switzerland with its registered office in Zurich (the Retrocessionaire). Both parties are wholly owned subsidiaries of Meridian Assurance Alliance Group Holding AG (the MAA Group).

  2. Article 2. Business covered

    The Retrocedent shall cede, and the Retrocessionaire shall accept, a quota share of all property and casualty treaty reinsurance business written by the Retrocedent's Continental Europe division and allocated to underwriting year 2027, excluding business already retroceded under Agreement IGR-2027-009.

  3. Article 3. Share

    The Retrocessionaire's share shall be 25 per cent of the Retrocedent's net retained liability on the business covered. The Retrocedent shall retain the balance for its own account or under other retrocession agreements.

  4. Article 4. Period

    This Agreement applies to risks attaching during the period from 1 January 2027 at 00:00 to 31 December 2027 at 24:00, Central European Time, both days inclusive. Liability under this Agreement continues until the natural expiry of the policies attaching during the period, subject to Article 10.

  5. Article 5. Premium

    The Retrocedent shall pay to the Retrocessionaire its share of the gross premium written on the business covered, less return premiums and cancellations. The estimated premium income for the period is EUR 48,000,000 for the Retrocessionaire's share.

  6. Article 6. Ceding commission

    The Retrocessionaire shall allow the Retrocedent a ceding commission of 27.5 per cent of the premium ceded under Article 5. Where the loss ratio for the underwriting year exceeds 70 per cent, the ceding commission shall be 25 per cent. The loss ratio shall be calculated as incurred losses divided by earned premium.

  7. Article 7. Accounts and settlement

    The Retrocedent shall prepare quarterly accounts within 45 days of the end of each calendar quarter. Balances shall be settled within 60 days of the end of the quarter to which they relate. Amounts due in either direction may be offset.

  8. Article 8. Currency

    All accounts and settlements under this Agreement shall be in euro (EUR). Business written in other currencies shall be converted at the Retrocedent's booking rate on the date of the original entry.

  9. Article 9. Claims

    The Retrocessionaire shall follow the settlements of the Retrocedent. The Retrocedent may request a cash call for any single loss where the Retrocessionaire's share exceeds EUR 2,000,000, payable within 15 days of the request.

  10. Article 10. Termination

    Either party may terminate this Agreement at 31 December of any year by giving 90 days' notice in writing. On termination, the Retrocessionaire remains liable for risks attaching before the termination date.

  11. Article 11. Governing law

    This Agreement is governed by the laws of Switzerland. Any dispute shall be referred to the group's internal arbitration procedure before any court.

Signed in Munich, 28 August 2026

For MAA Europe AG

M. Keller, Chief Financial Officer

J. Oberholzer, Head of Retrocession

Signed in Zurich, 28 August 2026

For MAA Switzerland Ltd

A. Brandt, Chief Executive Officer

S. Meier, General Counsel

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