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Management > Operational
Management Underwriting
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Organising the underwriting policy as defined
by the Captive Board
(see Sogecore Consulting)
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Determining the Insurers / reinsurers to front
or reinsure |
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Negotiation insurance and reinsurance conditions |
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Contract certainty |
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Negotiating initial policies with insurers and
co-insurers (if the client does not use a broker) |
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Review of gross and net technical results through
statistical analysis: |
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Per line and underwriting year |
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Per line and accounting year |
Claims
management
Sogecore determine appropriate resources for claims management.
Direct
insurance captive
For a direct insurance captive, resources depends on claims volume
and claims complexity (line, frequency). Sogecore can propose:
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Information and advice: |
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Contact with claiming insureds (to provide explanation
on cover and loss indemnification) |
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Monitoring accurate and up to date information in relation
with the captive insurance and reinsurance partners |
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Answering queries and communication of documents within the
contractual relationship with insurance and reinsurance partners |
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Administration : Claims registration,
review of potential cover, loss adjustor mission, loss report
review, settlement proposal to the insured. |
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Reporting : Sogecore owns a customized
dependable IT system to register all necessary technical data
that can be audited by internal or external audits. It includes:
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Claim notifications and internal group data from insured subsidiaries |
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Contractual information |
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Loss adjuster reporting |
Reinsurance
captive
For a reinsurance captive claims management is lighter as claims
are settled by the fronting company. Sogecore handles:
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Administration: Gathering and updating
loss records, information and follow-up with the reinsurers,
claims settlement to the fronting company.
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Reporting : Sogecore IT system handles data from
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the broker |
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the insured |
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the loss adjustors |
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