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Reinsurance audits are most often commissioned by the "Lead Reinsurer" on behalf of the market, and the service fee is spread among the participants. A following reinsurer also has the right to instruct us to complete a review of the reinsurance facility, which usually occurs if they have their own concerns for information; they will pay for this activity directly. The typical instruction is for us to review and confirm the business mix underwritten to the reinsurers, and to ensure that the mix complies with the intent of the parties to the reinsurance agreement(s). There is an underwriting component, and detailed premium and claim components involved in the standard reinsurance review. On-site activity at the reinsurance facility achieves the best results for the client. Our staff of claims professionals, based on many years of industry experience and using our sophisticated claim sampling technique, help clients assess the accuracy, efficiency, and timeliness of the work performed by claim paying entities. This includes first dollar and self-funded programs as well as excess loss. Stephen V. Murphy 
Danvers, MA 01923 978.745.6655 smurphy@niis.com |
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