Finance Services
Finance expertise, outsourced for operational efficiency
For established (re)insurers, brokers, and MGAs looking to optimise their financial functions, Davies offers a comprehensive outsourcing solution. Our flexible, scalable services enable you to focus on core income-generating activities while we manage your financial processes with precision, efficiency, and compliance.
Finance Services
What we offer
Premium credit control: Leveraging over 20 years of experience and a proven track record, we handle every aspect of credit control, from cash allocation to targeted broker engagement. We offer a unique subscription market shared service for insurers, ensuring more efficacious and efficient premium collections through Subscription Market Bureau Processing. This approach improves payment performance, streamlines operations, and accelerates cash flow, providing tangible benefits to your business. Find out more.
Corporate accounting: End-to-end corporate accounting solutions, including bookkeeping, statutory accounting, and financial reporting. We provide budgeting, management accounting, and year-end financial statement preparation, ensuring accuracy, compliance, and enhanced decision-making.
Regulatory compliance and reporting: Our expertise ensures compliance with complex reporting requirements, including statutory filings, Solvency II disclosures, and adherence to FCA and Lloyd’s Principles for Doing Business.
Financial reviews: For over 20 years we have been helping clients risk assess, engage, and retain coverholders and brokers through initial and ongoing reviews of their financial and operational information. Through our coverholder and broker reviews, bespoke internal system and high-level data management the consistent delivery of a professional and high-quality service sets us apart from our peers.
Loss fund management: We are recognised experts in the realisation of overstated and redundant funds and implement our strategic and forensic processes to deliver a comprehensive analysis of loss funds for clients. This loss fund expertise has over the last 6 years returned over £300m of funds which would include “closed years” to the market which may provide insurers with the identification of: Written-off, Lost or Forgotten.
Why partner with Davies?
Specialist expertise: Our team includes experts across underwriting support functions, providing access to specialist skills that are hard and expensive to recruit in-house.
Scalable resourcing: We flex our resources to match the size of your book, ensuring efficiency without the need to hire full-time staff for variable workloads.
Operational efficiency: Outsourcing to Davies improves workflows, reduces errors, and ensures compliance, enabling your team to focus on strategic activities.
Market insight: With experience across classes of business and market cycles, we bring valuable insights and stay up to date with market changes.
Partner with Davies for outsourced underwriting support
Davies is your trusted partner for underwriting support services. By outsourcing operational activities to us, you can enhance efficiency, reduce costs, and focus on growing your business.
