Reinsurance Technical Audits

The effectiveness of any reinsurance programme is dependent on the accurate and proper implementation of the programme. Most often, insurers and reinsurers purchase the best possible reinsurance programme but still fail to see the benefits because for various reasons which include the following:

The net effect of these errors mostly culminates in higher retained losses for the insurer as well as an expensive reinsurance programme. An insurance company requires an independent review at least once every year to ascertain the accuracy of the data used to price the treaty programmes. Essentially, this should be done prior to production of treaty statistics.

We have the technical expertise to provide the technical audit which looks at the full spectrum of underwriting, claims and reinsurance transaction processing. This service is critical for companies operating with delegated authority such as Underwriting Managers