Insurer & Market Services

Project Services, Credit Control, Binding Authority Management

Our team have achieved an unrivalled reputation for project delivery in the Lloyd’s, London and International Insurance Markets with our extensive technical knowledge and ability to enhance risk carrier and intermediary processes, including:

We offer reinsurance and software implementation and strengthening to risk carriers who wish to outsource the implementation, migration or upgrade of reinsurance software to a third party. This delegated approach reduces the impact a project will have on the client’s own resource, ensuring minimal disruption to BAU workflow.

Our success of deploying supplementary project resourcing is based upon our deep working knowledge and ability to adapt and integrate. Our team bring a wealth of knowledge and experience and will complement the business in either the short or longer term.

We offer third party peer review of data held on reinsurance software, which provides clients with an interdependent review for internal business controls.

We have been the LMA’s preferred credit control service provider to the Lloyd’s market since
November 2013.

Currently in excess of £8.5bn of premium across 54% of Lloyd’s UMR’s is managed.

All clients have membership of a Service Oversight Board which governs the service and is responsible for ensuring key deliverables are met. Our team can deliver:

  • A cost effective solution to credit control
  • A unique solution to credit control which offers economies of scale
  • Improved payment performance
  • Through our Oversight Board – an annual working strategy to define our service
  • Membership of our Oversight Working Group – exploring and identifying improvements to the service
  • Full suite of management reports
  • Enhanced data integrity
  • Experienced credit controllers
  • A live dashboard

We are the market leaders and only proven providers of a complete solution delivered through a tried and tested in-house system and experienced technicians. Our service facilitates effective bordereaux administration to improve coverholder management, claims monitoring, regulatory reporting and enhanced credit control.

The solution delivers benefits to all stakeholders of a fully managed service, economies of scale and enhanced reporting as well as visibility through a centralised service.

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