Measure of success
- Claims settlement and recovery targets
- Improved service levels
- Comprehensive MI
- Transparency and confidence for our clients
- Identified efficiencies
Our experience in a variety of different situations means we have developed first class run-off services.
In recent years both the complexity and size of run-off situations have continued to grow and become ever more challenging. Finding the right solutions can also be difficult as organisations look to plan and build an effective strategy.
Our broad range of expertise means we are ideally placed to help our clients in a variety of run-off situations including
We are well placed to help you with all other aspects of a run-off situation including IT and policy finance across a range of insurance products including motor, household, commercial property, employers and public liability.
Our capability has been further enhanced by acting as run-off manager for insurers in liquidation, working on behalf of both The Liquidator and the fund of last resort the FSCS (Financial Services Compensation Scheme) and running the national concessionary fuel scheme on behalf of the government.
We recognise that many insurers are looking for finality of certain portfolio in run-off due to factors including:
We have developed partnerships with third party capital providers with experience in the acquisition of run-off business. Combining access to capital alongside our experience as a run-off manager means we are able to deliver a credible finality strategy for our clients.
We were appointed run-off administrator for a UK insurance company in 2003.
Read more to find out how we ensure a first-class service is sustained throughout the run-off period.