Capita has a strong background in managing run-off facilities for numerous large-scale, high-profile clients.
As organisations look to plan and build an effective run-off management strategy, finding the right solutions can be difficult. This is where we can help. Our run-off experience allows us to deliver a credible finality strategy for clients.
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). We also run the national concessionary fuel scheme on behalf of the government. In addition, we can provide a bespoke IT platform which can handle run-off claims (SAP) more effectively and efficiently.
We have been providing run-off management services to insurers for more than 15 years. We are the largest provider of these services in the UK and other European markets, and we can help you, wherever your business is in its life cycle.
We recognise that insurers may be looking for finality of certain portfolios in run-off due to a variety of factors, including Solvency II capital requirements and long-tail claims that require additional cost to manage, which is also something that we can assist with.
Our broad range of expertise means that we can help our clients in a variety of run-off situations. We create solutions that give you transparency and confidence, whatever your situation.
We can help you manage the end-to-end live and run-off process and will advise you of new regulations in the market and possible solutions, leaving you to focus on your core business.
We can manage high-exposure or large-volume claims, removing the uncertainty around high-value and stagnant claims. We will work with you to create a solution that provides transparency and confidence.
We can assist individuals and corporate fiduciaries with all types of accountings, yearly, occasionally or when required.
Our experience and expertise mean that you can have confidence in your data and compliance.
The team are knowledgeable and experienced in their field and, through providing appropriate input and challenge, helped inform direction which led to positive outcomes. We found the team hard-working, honest and friendly, which ensured a good working relationship through the life of the project.
Get in touch if you have a question or would like to explore how our solutions could help your organisation.Get in touch