Todays' Challenges for the Risk Manager/Program Administrator
With the highly competitive field of third party administrators and the plethora of ancillary service companies existing to help the alternative market client, we recognize the need for truly independent advice for that entity who seeks the right fit and continued good working relationships with their chosen vendors.
How many times have we heard that all involved want a long term relationship with their vendors only to see the arduous bidding process starting over within the initial contract period?
How many times have we seen the bid process brought down to the final cut of three when the possible best fit was not even invited to bid?
How many times has a program struggled as the claim reserves matured unexpectedly?
How many times have good solid relationships failed for lack of detailed initial set-up or interim claim audits?
Where we can help
Claim administrator audits for Pools, Associations, Self-insureds, Captives and Fronting companies
Pre-quote audits for MGA's
SIR audits for excess carriers
Claim audits for reinsurers
Claim program set-up (Claim handling authorities and accountabilities)