Underwriters

Loss review verification

One of the biggest problems claims adjusters experience is trying to establish accurate outstanding loss reserves on old business. There are sometimes a number of reasons for this but the main one is that they do not receive regular updates.

We will review the existing loss records and contact the relevant parties to ensure that either the record is closed or an up to date reserve is found. We can target the review by introducer or by class of business or by age; we can structure the review according to your needs.

We have cleared down significant redundant reserves on old claims and as we have access to the "CLASS" system we can advise new reserves or close down out of date sequences.

Claims broking

There may be circumstances where underwriters do not want the indemnity collection to go via the broker of record. We have collected a number of claims for underwriters via our broker number and have arranged direct payment to the insured. In other cases we have been instructed to collect funds where the broker has gone into liquidation.

Coverage reporting

We have distributed coverage advices from lawyers to underwriters where it would be inappropriate for the report to be seen by the broker. All comments and responses are recorded and passed back to either the leading underwriters or the lawyer. This service can be tailored to your needs.