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EDIFACT message guide · Insurance

RESETT Reinsurance settlement

The UN/EDIFACT message insurers, reinsurers, bureaux and brokers use to identify, reconcile and set off reinsurance technical accounts.

Sent by
Insurer, reinsurer, broker or bureau
Received by
Counterparty in the reinsurance settlement
Standard
UN/EDIFACT · Batch message
X12 equivalent
No direct equivalent

What is the EDIFACT RESETT message?

RESETT is the UN/EDIFACT reinsurance settlement message. The directory defines it as a message exchanged by insurers, reinsurers, bureaux, brokers and professional reinsurance intermediaries carrying the information needed to identify, reconcile and set off technical accounts.

Reinsurance balances arise from many technical accounts, which report premiums, claims and commissions per contract. The settlement message groups the accounts being settled and the resulting net amount, so cash movements can be matched to the underlying accounts. Settlements can cover accounts in several currencies, so the exchange rates applied must be stated and agreed.

How the EDIFACT RESETT message worksDiagram of the UN/EDIFACT RESETT Reinsurance settlement message. Insurer, reinsurer, broker or bureau sends it to counterparty in the reinsurance settlement. It usually follows RETACC and RECLAM. Inside the UNB and UNH envelopes, the directory D.21A requires, in the start of message: GEI (Processing information) and body and segment groups: the required SG1 loop with NAD (Name and address), DTM (Date/time/period), the required SG2 loop with RFF (Reference) and the required SG3 loop with GEI (Processing information), the required SG4 loop with RFF (Reference) and MOA (Monetary amount) and UNS (Section control). 2 conditional segment groups are listed by their trigger segment.How the EDIFACT RESETT message worksReinsurance settlement: who sends it, where it fits and what the directory marks mandatory1 WHERE IT FITSUSUALLY FOLLOWSRETACCReinsurance technicalaccountRECLAMReinsurance claimsRESETTSENDERInsurer, reinsurer,broker or bureauRECEIVERCounterparty in thereinsurance settlementCONTRL syntax report back, if agreedUSUALLY FOLLOWED BYNo business reply expected2 WHAT DIRECTORY D.21A REQUIRESInterchange: sender and recipient IDsUNB … UNZMessage RESETTUNH … UNTSTART OF MESSAGEGEIProcessing informationBODY AND SEGMENT GROUPSMandatory group SG1 · repeats up to 99NADName and addressDTMDate/time/periodUNSSection control+ required SG2 (RFF) and 2 conditional groups, starting with:NADMOABlue box: mandatory segment group. Conditional groups are listed by the trigger segment that starts them; a group is sent only when its data applies.Conditional segments outside groups are not drawn.Structure: mandatory segments and groups in the UN/EDIFACT directory D.21A listing for RESETT. Your trading partner's implementation guide adds itsown requirements.
How the EDIFACT RESETT message worksDiagram of the UN/EDIFACT RESETT Reinsurance settlement message. Insurer, reinsurer, broker or bureau sends it to counterparty in the reinsurance settlement. It usually follows RETACC and RECLAM. Inside the UNB and UNH envelopes, the directory D.21A requires, in the start of message: GEI (Processing information) and body and segment groups: the required SG1 loop with NAD (Name and address), DTM (Date/time/period), the required SG2 loop with RFF (Reference) and the required SG3 loop with GEI (Processing information), the required SG4 loop with RFF (Reference) and MOA (Monetary amount) and UNS (Section control). 2 conditional segment groups are listed by their trigger segment.How the EDIFACT RESETTmessage worksReinsurance settlement: who sends it, where itfits and what the directory marks mandatory1 WHERE IT FITSUSUALLY FOLLOWSRETACCReinsurance technical accountRECLAMReinsurance claimsRESETTSENDERInsurer,reinsurer, brokeror bureauRECEIVERCounterparty inthe reinsurancesettlementCONTRL syntax report back, if agreedUSUALLY FOLLOWED BYNo business reply expected2 WHAT DIRECTORY D.21A REQUIRESInterchange: sender and recipient IDs(UNB … UNZ)Message RESETT (UNH … UNT)START OF MESSAGEGEIProcessing informationBODY AND SEGMENT GROUPSMandatory group SG1 · repeats upto 99NADName and addressDTMDate/time/periodUNSSection control+ required SG2 (RFF) and 2 conditionalgroups, starting with:NADMOABlue box: mandatory segment group. Conditionalgroups are listed by the trigger segment thatstarts them; a group is sent only when its dataapplies. Conditional segments outside groups arenot drawn.Structure: mandatory segments and groups in theUN/EDIFACT directory D.21A listing for RESETT.Your trading partner's implementation guide adds itsown requirements.

How to read this diagram: the top row shows who sends RESETT, to whom, and which messages usually come before and after it. The lower part shows what the directory D.21A itself requires: the envelopes around RESETT and the segments and segment groups it marks mandatory. Conditional groups are listed by their trigger segment rather than drawn in full. This is the directory's minimum, not a trading partner's requirement: a message implementation guide, such as an industry subset or a partner’s own guide, usually makes some conditional groups mandatory, restricts the codes and may use an older directory.

Expand diagram Download SVG

When it is used

  • Settling net balances across technical accounts
  • Reconciling payments with accounts
  • Setting off amounts owed in both directions

Where it fits in the message flow

Usually follows RETACC Reinsurance technical accountRECLAM Reinsurance claims
This message RESETT Reinsurance settlement

Structure

Mandatory segments in RESETT (directory D.21A)

In UN/EDIFACT directory D.21A, the RESETT message has 35 segment positions arranged in 6 segment groups. These are the segments and segment groups marked mandatory at message level, in order; a mandatory group is shown with the segment that starts it. Segments inside conditional groups are needed only when the group is used. This is the directory’s requirement, not your trading partner’s: each partner’s message implementation guide names the directory it uses, often an older one such as D.96A or D.01B where the structure can differ, makes some conditional segments mandatory and restricts the codes.

  • UNH
  • GEI
  • SG1 (NAD)
  • DTM
  • SG2 (RFF)
  • UNS
  • UNT

Practical example

RESETT in practice

A broker settles a quarter's reinsurance balances between a cedent and a reinsurer. It sends both a RESETT listing the technical accounts included, their balances and the net amount due to the reinsurer. Both parties match the payment to the accounts listed and close them in their ledgers.

Implementation

Implementation considerations for RESETT

  • List every technical account included in the settlement.
  • Reconcile settlements with cash movements.
  • Handle currencies and exchange rates consistently.
  • Follow the market's agreed settlement standards.

How ECOM helps

Automate RESETT with ECOM

Industry

Financial Services

Secure file transfer and B2B integration for banks and financial institutions.

Solution

Financial Document Automation

Automate invoices, remittances, payment files and bank statements from capture to posting.

Solution

B2B Integration

Connect every customer, supplier, carrier and bank across EDI, API, file and portal channels.

Compare X12 and EDIFACT, or see answers to general questions in the EDI FAQ.

Related messages

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