Reassurance in-force

Largely forgotten and poorly administered treaties, accumulated from past companies, may not be efficient to run or meet current risk and capital management requirements.

Redmayne Reassurance Services have joined with associate Athena to provide a service to clear up those problems. Athena are experts in change management of processes, systems and people. They would address the administrative issues of running old treaties across different platforms. This could mean developing common procedures and automating manual workarounds.

In some cases a new reporting system might be appropriate. A potential system has been developed by IS associate KDI Solutions. KDI are experts at extracting and validating data from a number of systems and consolidating them through new reporting middleware. Subject to underlying data management this can be used to report within the tightest timescales being required by reassurers.

Rationalisation of old treaties through closure and recapture on a fair basis will be handled by Redmayne Reassurance Services. Redmayne will also audit reassurance against the insurer’s latest risk and capital management guidelines and look at whether value can be extracted from the old book through new reassurance deals.

Download further information on Redmayne’s Reassurance In-Force services.

Download information on KDI's Independent Reassurance Administration Application (IRAA) for insurers or reassurers

To contact Redmayne contact Nigel Bradshaw at Help@RedmayneConsulting.co.uk or ring +44 (0) 7812-058 979.