The THiNK Blog

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How Much Does It Cost to Outsource Reinsurance Administration?

Aug 15, 2017 9:30:00 AM / by Brian Wilkinson posted in Outsourcing

For any buyer in today’s economy, before you make a purchase, you're likely going to Google "how much does it cost?". This of course, is no different in the Life Insurance Industry or in our Reinsurance Administration line of business. When a company is considering outsourcing any of their ceded or assumed reinsurance functions, one of the first questions asked is, well, “How much is it going to cost?”  

The answer to that question isn’t as easy as Googling ‘how much is an iPhone?’. We consider several factors when pricing an outsourced reinsurance administration solution a lot of which depend on the current state of the client.

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Client Driven - What Does It Really Mean?

May 3, 2017 9:00:00 AM / by Miguel Ceron posted in LOGiQ3 Culture, Insurance, Thought Leadership, LOGiQ3, Outsourcing, Industry News

Client Driven, a buzzword that gets tossed around in any industry, yet can be interpreted in many ways. Our organization is no exception, in fact, it is one of our company’s 11 Maxims. In my experience, how this is interpreted depends greatly on the type of business you’re running (product vs. service, B2B, B2C, etc.). Each of these business models may have different approaches when it comes to how they incorporate Client Driven behaviour into their organization’s offerings. Regardless of which category your organization falls into, its important to discover what being client driven means to you.

Here are some questions to guide your thinking.

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What Does LOGiQ3 ACTUALLY Do?

Oct 22, 2014 1:06:00 PM / by Nick Joly posted in Underwriting, Reinsurance, Outsourcing, Audit, Industry News

Hey again! It’s been a while since my last blog post, and that’s because I’ve been putting together a series of pieces on just exactly what goes on around our office. Since my onboarding with LOGiQ3 this summer, I can’t tell you just how many times I’ve gotten the question: “So what does LOGiQ3 actually do?”, to which my response is: “We’re a consulting and outsourcing company for the Life Insurance and Reinsurance Industries” …. Which is normally followed by one (or both) of the following: 

“But what does that even mean?”

“What is reinsurance?”

If the first thing that came to your mind is one of the questions mentioned above, then this series of pieces is for you. 

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Blog Series: Why Should I Consider Life & Health Underwriting Outsourcing? Part 2

Nov 28, 2013 11:51:00 AM / by Simon Bell posted in Underwriting, Outsourcing

This blog series is dedicated to answering the question: Why should I consider Life & Health underwriting outsourcing?

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Blog Series: Why Should I Consider Life & Health Underwriting Outsourcing?

Jul 24, 2013 11:00:00 AM / by Simon Bell posted in Underwriting, Insurance, Outsourcing, Consulting, Industry News

A question we are often faced with is - Why would I outsource my life and health underwriting, isn't that core to my business?

When companies are looking to plan ahead, they come to us for the first time to seek advice on conducting an underwriting capabilities review.  

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Solutions: Not Necessarily a Good Starting Point

Feb 4, 2013 5:00:00 PM / by Doug Paul posted in Underwriting, Outsourcing, Thought Leadership

Ever hear people say: “not enough people bring solutions to the table?”

Of course when someone says this, it’s usually because they’re frustrated with people complaining to them about problems but not offering any solutions. Interestingly, I find it to be a bigger problem, when working in a group, too many solutions are brought to the table.

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Underwriting Audits, it's Not Just About the Underwriting File - 4 Key Questions to Ask When Hiring an Auditor

Dec 19, 2012 3:00:00 PM / by Simon Bell posted in Underwriting, Audit, Outsourcing, Consulting

You’ve decided that you need to get outside experts involved in your underwriting auditing process, or any auditing process for that matter. There are a few key questions you should be asking when hiring external experts to assist you (note, these questions work for claims and administration audits too). 

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9 Tips for Outsourcing Success

Dec 3, 2012 8:00:00 AM / by Ian Sanderson posted in Outsourcing, Thought Leadership

If you are a regular reader of the THiNK Blog, you will know that last year we asked you - our clients, friends, and supporters - to answer a question which we couldn't resolve internally: "What are we?" 

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Closed Blocks... Continuing the Dialog

Nov 9, 2012 11:00:00 AM / by Laura Prewitt posted in Insurance, Outsourcing, Industry News

Chris mentioned in his post in late September that considering your appetite for operational risk is crucial when deciding options for a closed block. One other item to take into account is how you define “closed block”.  

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Retention Management - Systems and Administrative Challenges

Oct 11, 2012 1:00:00 PM / by Lisa Clarke posted in Reinsurance, Outsourcing, Thought Leadership, Industry News

Circling back to Chris' blog on September 27th, Operational Considerations in a Closed Block Conversion, I’d like to touch on the retention management facet in general.

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