This is a service innovation that enables cost-efficient and flexible support for the reinsurance needs of insurance companies. We provide a wide range of services from one individual stand-alone service through to a fully-fledged outsourcing of the entire reinsurance department.
Data Preparation & Analysis
Data is the starting point in any reinsurance process. We prepare a complete insurance portfolio data set for modelling and reinsurance underwriting. The data is then checked for accuracy and consistency. Portfolio information updates are performed on a regular basis to maintain the data quality over the years regardless of the structural and personnel changes within your organisation.
Actuarial & Risk Modelling
Setting optimal self-retention and treaty design, pricing benchmarking and natural perils modelling, dynamic financial analysis under Solvency II – these are some of the advanced tools comprised in our overall service offering. We help our clients to understand the underwriting and capital effects of reinsurance.
Admin & Reporting
Reinsurance administration and timely reporting to management are indispensable. They also secure effective communication with reinsurers. We use best of breed, reinsurance specific administration technology which enables quick and efficient processing of reinsurance accounts, premium and loss bordereaux, claims advices and reinsurance run-off.
Advisory & Placement
The global reinsurance market landscape is very diverse and changes with increased frequency. We help our clients to navigate in this environment providing independent advice. We obtain quotations from various reinsurance markets, facilitate negotiations with reinsurers or take them over completely, whether they are direct or through a reinsurance broker. Selection of reinsurers and assessment of their credibility are also in our tool kit.
- Independent and objective
- Transparent fee-based pricing
- Implementation tailored to suit client needs
- International reinsurance expertise and network
- Know-how transfer to permanent staff
- Cost savings, internal and external
- Access to state-of-the-art modelling
- Best of breed reinsurance specific administration software
- No additional IT costs