We audit
We review your workflow to ensure that treaty requirements and procedures are working tightly and are consistent with your reinsurance agreement(s). We identify anything that is not in line with expectations and then precisely find the activity or workflow that triggered this operational gap.
We highlight areas of improvement, determine corrective action (to restore gaps and/or recover benefits, as applicable). We recommend internal control improvements to correct operational inefficiencies. Finally, we hand over support to enable you to immediately correct cumulative, administrative and inadvertent errors and omissions.
We advise
For over 30 years, our consulting services have enabled us to see the typical administrative pitfalls and unique circumstances that give rise to inherent risk and discrepancies for select, exposed, high risk situations. We’ve built best practices around this and advise on how to mitigate these problems from recurring.
We improve
Through our audit services and corrective actions, we recommend strategies and help you tighten internal controls to help you improve the efficiency and effectiveness of your reinsurance operations. As a result, we also play a role in helping you add enhanced governance, transparency and integrity to the financials. Through our work and improved operations, you will have the confidence that financial statements accurately represent the current going concern of your business and eliminate continued exposures as well as control deficiencies that previously may have existed.