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📊 '''Claims bordereaux''' is a detailed report — typically prepared on a periodic basis — that lists individual claims arising under a [[Definition:Delegated underwriting authority (DUA) | delegated authority]] arrangement, [[Definition:Reinsurance | reinsurance]] contract, or [[Definition:Binding authority agreement | binding authority agreement]]. Serving as the primary mechanism through which a [[Definition:Managing general agent (MGA) | managing general agent]], [[Definition:Coverholder | coverholder]], or [[Definition:Cedent | cedent]] communicates granular claims activity to [[Definition:Insurance carrier | carriers]] or [[Definition:Reinsurer | reinsurers]], the bordereaux typically includes fields such as claim reference numbers, dates of loss, claimant details, [[Definition:Reserve | reserve]] amounts, payments made, and current claim status. The term "bordereaux" derives from French and is used in both singular and plural forms across the global insurance market.

⚙️ The production and submission of claims bordereaux follow schedules defined in the underlying contract — monthly or quarterly being the most common frequencies. Each line item corresponds to an individual claim, allowing the receiving party to track loss development, validate [[Definition:Incurred but not reported (IBNR) | IBNR]] assumptions, and reconcile paid amounts against [[Definition:Premium | premium]] income. In the [[Definition:Lloyd's | Lloyd's]] market, bordereaux standards have been formalized through market initiatives aimed at improving data quality, including efforts led by the [[Definition:Lloyd's Market Association (LMA) | Lloyd's Market Association]]. Across other jurisdictions, the format and granularity of bordereaux can vary widely — some markets in Asia and Continental Europe rely on aggregated summaries rather than claim-level detail, which can complicate cross-border reinsurance reporting. The growing adoption of [[Definition:Insurtech | insurtech]] platforms and standardized data schemas such as ACORD messaging is gradually reducing the manual effort and error rates historically associated with bordereaux processing.

💡 Accurate and timely claims bordereaux underpin virtually every oversight function in delegated and reinsured business. Without reliable bordereaux, carriers cannot monitor the [[Definition:Loss ratio | loss ratio]] performance of their programs, [[Definition:Actuary | actuaries]] lack the data needed to set adequate reserves, and [[Definition:Regulatory compliance | regulatory compliance]] obligations — whether under [[Definition:Solvency II | Solvency II]], [[Definition:Risk-based capital (RBC) | RBC frameworks]], or local supervisory requirements — become difficult to satisfy. Poor bordereaux quality has been a persistent pain point in the industry, contributing to disputes between coverholders and capacity providers and prompting increased investment in automated data validation tools. For any insurer or reinsurer scaling its delegated authority portfolio, mastering bordereaux management is not optional — it is foundational to sound [[Definition:Claims management | claims governance]].

'''Related concepts:'''
{{Div col|colwidth=20em}}
* [[Definition:Premium bordereaux]]
* [[Definition:Delegated underwriting authority (DUA)]]
* [[Definition:Binding authority agreement]]
* [[Definition:Claims management]]
* [[Definition:Coverholder]]
* [[Definition:ACORD]]
{{Div col end}}

Definition:Claims bordereaux - Revision history

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