(Re)insurance product research

• Inventory and review of all the existing possibilities available on the market, either for direct risk transfer to third parties, or through a reinsurance captive.
• Coordination with specialised (re)insurers.

This review enables our clients to benefit from independent advice on all forms of cover available on the market, in order to identify the most suitable protection for each risk or for a portfolio of risks.

(Re)insurance product design

• Design of tailor-made policies to provide cover for specific exposures

The objective is to create the most appropriate cover adjusted to the specific nature of the risk. Such tailor-made forms of cover are particularly useful when market standards are not suitable or when no cover is available. They can be based either on specific structuring and adjustment of common reinsurance products or can make use of financial reinsurance mechanisms.

(Re)insurance programme audit

• Inventory of existing insurance and reinsurance policies
• Detailed review of insurance cover and of the (re)insurance structure
• Focus on deductibles, limits, exclusions, premiums and rates
• Analysis of historical experience and costs/benefits
• Survey of the quality of the (re)insurance counterparts

Such an analysis provides an overview of the insurance and reinsurance programmes in place and makes it possible to detect weaknesses and implement improvements.

(Re)insurance programmes design and re-engineering

• Risk measurement through detailed actuarial analysis of loss experience, modelling of frequency/severity loss distributions and Monte Carlo simulations
• Identification of appropriate deductibles and limits
• Design of the most appropriate (re)insurance structure

This enables the client to benefit from a (re)insurance programme that fits s the risk structure and is based on an accurate calculation of the appropriate deductibles and limits at various levels.

(Re)insurance programme pricing

• Risk measurement through detailed actuarial analysis of loss experience, modelling of frequency/severity loss distributions and Monte Carlo simulations
• Detailed review and modelling of the (re)insurance structure
• Quantification of technical premiums for each component of the structure

Having at disposal a technical file with precise calculation of the programme pricing based on the exposures of the client enables to make price comparisons and is a helpful basis for negotiations with the transfer market.

Assistance in negotiations with (re)insurers

• Identification of the (re)insurers providing the most appropriate solutions with regard to client objectives
• Survey of the quality of the (re)insurance counterparts
• Support in placing and negotiating the (re)insurance structure and its pricing with the transfer market

The client benefits from independent support in obtaining the most appropriate transfer solution on the best terms and gaining direct access to the main players on the transfer market.