LINES OF BUSINESS
Our highly competent team provides many services among which are pricing and modelling, including earthquake modelling, as well as claims management.
Consulting & Optimization
We may combine different treaty types (Excess - Per Risk or Per Claim, Aggregate and/or Proportional) and non-traditional or alternative capacity. This enables us to understand market pricing and dynamics. As a result, we “optimize” with constraints around treaty type, coverage and sources of capacity to generate the maximized efficient Reinsurance Structure.
Pricing & Modelling
Our experienced and skilled team focuses on the pricing of the proportional and excess of loss programs, including retrocession treaties. In order to achieve an optimal result, we analyze each program using effective methods and models.
Satisfying the cedant and the reinsurers at the same time is our main priority. Our goal is to provide our clients with the most appropriate rates/prices suitable for their portfolio. Due to our global relationships with several top-rated reinsurers, we are able to offer our clients multiple alternatives and Reinsurance structures.
Analytics of the Portfolio
Triangulations are a methodology developed by the actuarial profession to track how premium, paid claims and outstanding losses, known and unknown, change over time and track short-tail and long-tail losses. This method provides the reinsurers with a better picture of the overall portfolio financial health.
When a claim is received, we ensure that all supporting documents and evidence are available and are in line with the contract terms. Then, we transfer all the needed information to the reinsurers and follow up with them to secure their technical confirmation. The cash call option is an additional service offered by our team. In case of a cash call, all our resources are used to obtain a fast technical approval and settlement. Our strong relationship with both parties ensures a swift and effective process.
We provide both parties a detailed calculation for the Profit Commission, Premium Adjustment, Sliding Scale Commission, Loss participation, etc. We make sure that all statements received from the cedant follow the agreed terms and conditions included in the slip. Moreover, we make sure they are transferred to the reinsurers within the assigned time frame set in the respective contracts.
We provide our clients with Earthquake Modelling by estimating the company’s annual average loss per return period using Cat Risk Solutions software.
Forecasting & Benchmark
Based on our experience and deep knowledge in the field and our research in every territory, we analyze the cedant’s portfolio. Moreover, we help our clients understand the risks they are facing and forecast the future losses.