Not sure if your problem fits our services? The scenarios below will help you decide.
Process and System Documentation
You need Process (User) and System Documentation - you're responsible for documenting your internal life reinsurance processes and either have inaccurate or non-existent documentation and have limited or no internal resources available but have to get it done.
You are doing a System Conversion project - you're migrating systems and you are responsible for ensuring that the migration goes well. You need to know:
- How complete and accurate is data on the current system?
- Are the treaties set up correctly and are they up-to-date with the paper treaties?
- How will you reconcile that ALL the data has moved correctly from the old to the new system?
- What will be the financial impact of any discrepancies discovered and how will that be explained?
- How will the system be tested to ensure smooth transition from old to new?
Enterprise Risk Management
You are made responsible for Enterprise Risk Management (ERM) and need to understand the risks inherent within your business.
You are responsible for Reinsurance Operations and are considering a restructuring of the organization. How effective will the change be? What is working well and what isn't in the current structure?
You have been told that you are responsible for integrating an International Operation to your existing operation. What are the processes in place currently? What is different from existing processes? What are the products involved? How will you go about choosing the best practices between your current processes and those of the International Operation?
You have signed a new treaty which will involve a large but temporary increase in business volumes but are unable to secure additional internal resources.
Backlog of Exceptions
You need to clear a backlog of exceptions that have grown to an unsustainable level but you can't redirect resources from production issues.
You need to undertake an Audit program, Underwriting, Claims or Administration, to ensure compliance with the treaty. You have an Audit program but no Audit resource or you have no Audit program and have to build one from scratch.
You need an unbiased opinion of your operational Reinsurance capabilities, Underwriting, Claims or Administration, to ensure overall corporate strategy is achievable.