THE DEFINITIVE GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 20
What it does:
Allows the policy record to show the claims costs split by participating
insurers and reinsurers, and layers and shows the relevant loss ratios,
including real-time erosion of policy limits and aggregate.
Benefits:
• Provides a global view to track aggregate erosion of funds for your retention
as well as insured limits and aggregates.
• Enables easy statements of outstanding recoveries by insurer as well as
detailed loss ratio analysis.
• Enables you to look at total premiums paid to the market per program and
how they have been impacted by claims so you can budget your retention
more accurately.
• Displays information graphically so it is easy to understand.
• Helps captive insurance companies ensure compliance with Solvency II
capital requirements.
What it does:
Rates the financial strength of your risk carriers using leading credit
rating agencies Standard & Poor's and AM Best.
Benefits:
• Ability to be proactive when insurer ratings change.
• Understand exposures across the entire transferred portfolio in terms
of insurer credit rating stability, enabling more effective insurance buying
and spread of exposure.
• Helps improve compliance with governance, control and transparency.
• Facilitates risk transfer strategies to manage counter-party credit
risk exposures.
RISK FINANCING INSURER RATINGS
