During the underwriting process forindividual cases, or on a standard basis forcertain segments of business, it is desirable to reinsure a portion of a risk. Like any other process, the parameters which define which risks to be reinsured and the share of each risk can change overtime. Outside expertise can be deployed to examine these criteria on a periodic basis to determine the best parameters.
Reinsurance processing will also evolve over time, as internal company processes are improved and as the technical and business relationships with reinsurance partners change. In some cases the whole reinsurance process can be outsourced to a third party which specialises in such transactions, while in other cases consultants with the skills and experience can be employed to review and improve internal processes.
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Life Insurance Outsourcing
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LOGiQ³ provides expert resources to support you across your whole value chain with risk management solutions ranging from Underwriting to Audit to Operational Outsourcing. We can help you fill gaps or meet your business objectives to understand and manage your risks and expenses, while maintaining a high quality level of service and allowing you to make informed decisions about your business. Core services include:
Operational Outsourcing
LOGiQ³ provides outsourced solutions for reinsurance Administration, claims adjudication of all types, underwriting, and retention management. We work collaboratively with clients to deliver a customized solution to meet their needs in a controlled and cost-effective way. We have the flexibility of using our technology or providing services on your existing infrastructure.
Underwriting
LOGiQ³ places underwriting resources in companies either for short or long periods, based on a company's current requirements. We have a proven track record for training underwriters and providing ongoing mentoring to our graduates. Our underwriting team can also evaluate new business processes or provide recommendations for underwriting guidelines.
Audit
LOGiQ³'s audit team covers the spectrum of risk management services, from underwriting to administration to claims. We can help you enhance customer relationships, evaluate your controls, better understand your risks, document findings, and define the way forward – using our program or yours. We offer customized assistance to help you prepare for reinsurance partner, regulatory, or internal audits.
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