ABOUT US

ACTUARIAL & PORTFOLIO CONSULTING PRACTICE

HEALTH CONSULTING PRACTICE

REINSURANCE CONSULTING PRACTICE

PARTNERSHIPS CONSULTING PRACTICE

REINSURANCE INTERMEDIARY PRACTICE

RETHINK™ SOLUTIONS



CONTACT US
Copyright © All rights reserved.
Passion Global 2011
 


Optimization of Reinsurance Programs for Life and General insurance companies.
Phase l

Identifying the key criteria for evaluating the reinsurance programs for the life and health insurance business including:

Quantitative measurements: costs & retention of profits, growth and profit plans for the next few years, capacity, capital management and degree of acceptable risk to be retained within the balance sheet.

Qualitative considerations: technical and underwriting support, product knowledge, administrative support and value-added consulting support, and credit-rating of the reinsurers.

Phase ll
Summarising the Current Reinsurance Programs for the life and health business covering protection, savings and health products.

  Phase lll
Evaluate alternative reinsurance structures to maximise the value to the Client. This would involve the use of a model to measure the quantitative considerations identified in Phase I – costs of reinsurance, retained profit, range of aggregate claims due to volatility in frequency, impact on historical portfolio and current mix of business. The degree of complexity (eg use of Monte Carlo) depends on the level of information provided by the Client.

Phase lV
Recommendations of the alternative reinsurance structures for decision by Client. Different reinsurance structures could include alternative retention levels, financing of growth through reinsurance arrangements (if necessary), proportional vs non-proportional programs, and impact of cat covers.

Phase V
Reinsurance placement process to achieve objectives identified in earlier phases - selected reinsurance structure, target expenditure, and service/technical support requirements. This would involve liaison with reinsurers on new business and the recapture of business on existing business, where necessary.


Other reinsurance solutions include
  • Effective Protection programs
  • Catastrophe protection programs
  • Cost Reduction programs
  • Expertise programs
  • Alternative risk transfer programs including financial reinsurance
  • Recapture of Existing reinsurance programs
  • Reinsurance Administration Process Review and Redesign
  • Reinsurance Administration Outsourcing Solutions
  • Cross border distribution programs