ETASS Re - Electronic Transaction Administration and Settlement System for Reinsurance is a first-of-its-kind digital platform developed by the General Insurance Council (GI Council) under the guidance of the Insurance Regulatory and Development Authority of India (IRDAI) and the ETASS Re Task Force.
ETASS Re has been designed to provide a secure, standardized, and transparent digital ecosystem for managing domestic outward reinsurance transactions across the Indian Non-Life Insurance Industry. The platform enables seamless collaboration among Cedants, Indian Reinsurers, Foreign Reinsurance Branches (FRBs), International Financial Service Centre Insurance Offices (IIOs), Cross Border Reinsurers (CBRs), and Reinsurance Brokers, thereby promoting efficiency, transparency, and industry-wide standardization.
The platform is applicable to all domestic outward non-life reinsurance contracts incepting on or after 1 April 2026.
Key Industry challenges
• Delayed SoAs and settlements
• Increasing unreconciled balances
• Absence of real time updates
• Manual follow-up and reconciliations
The ETASS Re solution
The platform centralises contracts, accounts, and settlements into one digital ecosystem, ensuring every transaction is visible, traceable and audit ready.
Key Objectives
• Establish a unified digital platform for domestic outward reinsurance transactions.
• Enhance transparency, governance, and operational efficiency.
• Facilitate contract confirmation, timely accounting, reconciliation, and settlement.
• Improve collaboration among insurers, reinsurers, and brokers.
• Strengthen data integrity and audit readiness.
Stakeholders
The platform is designed for
• Insurance Companies (Cedants)
• Indian Reinsurers
• Foreign Reinsurance Branches (FRBs)
• International Financial Service Centre Insurance Offices (IIOs)
• Cross Border Reinsurers (CBRs)
• Reinsurance Brokers
Key Features
ETASS Re supports the complete post-placement lifecycle of domestic outward reinsurance transactions through:
• Seamless onboarding
• Multilayer security
• Realtime interactive dashboards
• Covers Domestic outward reinsurance contract (Treaty & Facultative) capture and confirmation
• Statement of Accounts (SOA) submission, audit trail and full traceability
• Streamlines Settlements – multicurrency support, intelligent offsetting, digital payment confirmation
• Due-To / Due-From tracking
• Regulatory and audit-ready MIS reports
• Automated alerts for pending actions
• Timely notifications
• Data extracts for analysis and reconciliation
Implementation Status
Phase I of ETASS Re 2.0 has been successfully implemented and it has Gone-live on 1st April 2026.
Access ETASS Re
Portal: https://etassre.gicouncil.in/
Email: etassre.support@gicouncil.in
The GI Council remains committed to working closely with all stakeholders to drive the successful adoption of ETASS Re and support the continued digital transformation of India's reinsurance ecosystem.