The ETASS project has been envisaged as a platform to bring in transparency and ease of settlements of transactions between the General insurers in India. This is based on the coinsurance agreement of 5th Dec 2014, signed by all the companies and the ETASS guidelines mandated by the IRDAI in May 2015, assigning General Insurance Council the role of ETASS administrator. All coinsurance transactions are reconciled and settled as per the ETASS systems.

The ETASS phase 1 project dealt with the coinsurance transactions in the Fire LOB only. The initial software was developed with the capability of capturing input data of coinsurance premium and claim transactions in a pre-defined XML format from Lead insurer. The data entered by the Lead insurer could then be accessed by other Coinsurers who could then confirm or dispute the details therein. Based on the confirmations of all participants, the financial exchanges could occur.

The ETASS Phase 2 project dealt with capturing of the correct transactional values for Fire LOB with associated Facultative Reinsurance transactions.  The software development has dealt with the vagaries of the different processes followed internally by the various insurance companies and has standardised data upload into ETASS. GICouncil has suggested certain process mandates to be followed by all Member companies.  There is a generation of statement of settlements of accounts every fortnight to be used prima facie for remittance of funds amidst member companies. This phase was made Live on 1st April 2016.

The ETASS post the go Live on 1st April 2017, deals with the integration of coinsurance balances from all LOBs. The intercompany transactions in all LOBs are captured in the system and the same process of confirmation/dispute is followed. All forms of transactions and settlements that are inter-company are handled by this version.


The ETASS system has brought down the inter-company disputes in the area of coinsurances. Also, it is envisaged that the time of settlements will be drastically reduced post the adoption of automated data entry and settlements through the system.

It is envisaged that the settlements will be made online at the end of the phase.