At LOGiQ3, our treaty experts can assist you with all aspects of treaty support from treaty design, initiation, and execution to implementation. Our objective is to ensure your treaty is compliant and consistent with your data, systems, and administrative practices.
If the following situations are familiar to you, our team of treaty experts can assist you.
Problem: A UK reinsurer was not familiar with a number of treaties being reinsured and the client data that pertains to those treaty terms.
Solution: LOGiQ3 provided treaty experts to assist with a complete analysis of assumed treaties and amendments to identify any gaps in documentation and conducted a thorough client data review to ensure data received was in line with treaty terms set forth.
Results:The client gained a complete understanding of client data files, assumed treaties, and develop an on-going treaty maintenance process.
Problem: A North American reinsurer was building a valuation model for numerous reinsurance treaties but lacked the structured treaty data necessary (such as product types, and rate classes) to proceed.
Solution: LOGiQ3 implemented a project to evaluate and summarize the relevant treaty data, including mapping it to client inforce values, to enable the valuation team to accurately establish reserves for the affected treaties.
Results: With an aggressive timeline to complete the project for year-end reporting, LOGiQ3 was able to build a process to review each reinsurance treaty, compile the necessary values for the valuation models, and map that information to ceding company data to achieve the client's objectives.
The features of our treaty management solutions include:
The benefits of choosing LOGiQ3 to assist you in your treaty projects:
Still not sure how we can help better manage your treaties? Contact us to set up a free consultation.