Our wealth of experience in reinsurance asset management spans across both ‘live’ and ‘run-off’ sector. We offer our expert services to a diverse client base, including Syndicates, SIABs, companies, reinsurers, and brokers.
Our asset management service includes:
Reinsurance Cover Validation
We meticulously validate reinsurance cover notes and accurately capture all pertinent details within the processing system, ensuring that the information is comprehensive and error-free.
Premium Processing and Adjustments
PoloWorks handles reinsurance premium processing and performs precise adjustment calculations, guaranteeing accurate financial transactions.
Recovery Calculations and Proforma Documentation
Our team calculates reinsurance recoveries due and determines reinstatement premiums payable. We also generate proforma collection notes and prepare associated loss bordereaux, ensuring detailed and organized documentation.
Query Responses and Claims Management
We provide prompt and appropriate responses to queries raised by reinsurers. Additionally, we proactively manage the presentation of claims to reinsurers, facilitate agreement on claims, and ensure timely settlement of amounts due.
LORS Messages and Trans
We authorise LORS (Lloyd’s Outward Reinsurance System) messages and process relevant transactions efficiently, maintaining a streamlined flow of communication and transactions.
Claims Liaison and Loss Reporting
We collaborate closely with claims teams to ensure the prompt notification of all losses, accurate reserve updates, and precise allocation of inward claims cat codes. This meticulous approach maximizes recovery opportunities. Detailed loss bordereaux are provided to reinsurers for comprehensive understanding.
Regulatory Reporting and Structured Input
PoloWorks assists in regulatory reporting, including Syndicate Reinsurance Structure (SRS) submissions, and provides essential input required for the Quarterly Monitoring Report (QMA), ensuring compliance with regulatory requirements.