Reinsurance Management

Insurance and reinsurance companies are increasingly experiencing problems with the performance of their existing broker in the servicing of an account.

Axiom is an authorised Lloyd's run-off broker, and as such, is in a unique position of being able to utilise its resources to take on certain tasks, or even replace the original broker if required and create an added value solution. Axiom has a proven track record in the provision of reinsurance recovery solutions for companies worldwide in relation to all classes of business, recovering in excess of US$1bn since its formation in 1989. We undertake to adopt and implement pro-active, client focused, innovative ideas tailored to maximise recoveries and reduce and outstanding debt.

Our Reinsurance Management Services includes:

Project Management Project scoping – in-source, outsource, systems, records, locations, processes/procedures Contract agreement Service level agreements – objective setting Allocation, management & prioritisation of skilled resources & workloads Project migration/transfer Tracking & monitoring – project, workloads, objectives Reporting & communication

Outwards Reinsurance Claims Processing – Technical Management of billings Claim review and technical advice File management (including reconstruction) Processing – premiums, claims, reserves Query handling and resolution Reinsurer, Bureau and LOC management ‘Ad hoc’ exercises – for reinsurers, cedants Broking/Accounting support

Outwards Reinsurance Claims Broking – Broking Pro-active broking – strong reinsurer relationships, designated reinsurer contacts Bureau monitoring/control Reinsurer management – broked, dropped off or posted Time bar monitoring Query handling and resolution Technical/accounting support

Outwards Reinsurance Credit Control – Accounting FSA (UK) compliant Pro-active Broker ledger management – cash reconciliation Accelerated debt recovery Collection and settlement management – rendering Cash management Aged debt analysis Bad debt management – funded balances Management of schemed, liquidated and insolvent reinsurers ‘Ad hoc’ exercises – for reinsurers cedants Query handling and resolution Commutations (inwards, outwards, global) – significant network, strategic commutation planning

Contact Details:

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Axiom Consulting Limited, Registered Office: Lloyds Chambers, 1 Portsoken Street, London, E1 8BT.
Registered in England No. 4054468. VAT Registration No. 839 5986 55. Authorised and regulated by the Financial Services Authority.