Reviewing your entire block of reinsurance business can be a time-consuming and overwhelming undertaking. In many cases, treaty information is misfiled, misunderstood, or even missing. With limited or lost reinsurance expertise, determining the accuracy of reinsurance administration and systems data overtime can become a challenge. We can help.
We take a phased, risk-based approach to ensure your reinsurance business is being administrated according to governing treaties and corresponding system data is accurate to reduce any potential future financial impact or audit findings:
The completed comprehensive review ensures the specified block of business is performing as expected, achieving accurate data outputs and formatted to maintain a steady state.
Interested in discussing your treaty data and compliance challenges? Talk to our experts today!
Whether you are being audited or conducting an audit you'll gain a comprehensive view of all treaties across the specified block of business.
Perform due diligence and full review of the block of business to gain understanding and reduce administration risk and oversight leading to potential financial impact.
Eliminate the headache of a heavily manual processes. Reduce the risk of data mapping errors and converting ‘bad’ data at time of conversion.
Have up to date and accurate internal documentation such as treaty summaries and processes in place to meet standards and manage risks.
Identify source of error and financial discrepancies. Gain full insight into current financial landscape and understand drivers to ensure accurate and efficient processing in the future.
An ongoing understanding of treaties begins with the Treaty Summary. We take on this laborious, but necessary process, to help you gain a comprehensive view of your treaties. Meanwhile your team can continue to focus on day-to-day operations.
Already have treaty summaries in place? Even better, we’re ready to get started.
In our effort to improve data quality of ceded reinsurance blocks, we conduct Data Integrity Testing.
To ensure the accuracy of future data output we conduct Compliance Testing.
To minimize the likelihood of financially significant errors in the future, Premium Testing is performed.
What to expect:
What to expect: