Insurance and Reinsurance Services
Debt Recovery Outsourcing the recovery of debt can be the most efficient and cost effective way of resolving outstanding balances. With offices strategically placed in USA, UK and Singapore, Recoveries Management can offer access to many Companies throughout the world. Our dynamic collection service ensures that overdue balances are rigourously pursued, establishing direct contact with Reinsurers or Cedents and taking all steps necessary to reach a resolution.
Commutations Our Commutation Service will effectively help improve your balance sheet. From a complete audit of your business, through to the drafting of the Commutation Settlement, we will endeavor to meet with Reinsurers or Cedants in order to attain the best possible deal for you.
Run-off Management Managing Run-off can be a difficult process and requires expertise in the completion of the most complex claims. Our staff can provide many years experience in the Management and resolution of all classes of Run-off business.
Debt Purchase We have the ability to purchase any outstanding debts that you may have, such as those with distressed Insurers or Reinsurers. The cash purchase of these debts will give you "peace-of-mind", free from the time-consuming efforts of pursuing these debts and helping your cash-flow.
Broker Replacement If you are unhappy with the administrative services that your broker or intemediary is providing, we can help. Transfer the servicing of this portfolio of business to us and we will help instigate improvements such as claim processing backlog's, reporting or aging debts.
Audits and Inspections We can handle problem account reconciliation or full claims audits to identify outstanding collections or potential reinsurance collections, in all classes of business. We can also Audit Third Party Administrators (TPA's), Managing General Agents (MGA's) and Claims Service Providers, to ensure that the management and adjustment of claims have been handled correctly and within their authority.
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