A reinsurance system should offer a number of advantages, such as processing facultative and treaty, assumed and ceded, proportional and non-proportional in a single application. It should deliver precise risk evaluation, allowing for optimal coverage and informed business decisions. The benefits include improved risk management, minimised claims leakage, enhanced underwriting accuracy, and streamlined operations. Additionally, it fosters seamless collaboration between insurers and reinsurers, facilitating effective communication and data exchange.