- Risk Exchange: Where Protection Meets Precision
At Risk Exchange, we understand that insurance companies face the ongoing challenge of balancing risk and capital. This means they need to make sure they have enough money set aside to pay for claims, both for current policies and for policies that are winding down.
To help manage these challenges, we offer retrospective reinsurance solutions. These solutions are designed to help insurers deal with existing liabilities and optimize their financial stability. Heres how we do it:
Statutory Transfer:
This involves moving certain financial obligations from one company to another. It's like handing over the responsibility to pay certain claims to another insurer, which helps free up capital and reduce risk for the original company.
2. Loss Portfolio Transfer:
This is the process of transferring a group of existing claims to another insurance company. Imagine you have a bunch of pending claims that need to be paid out over time. By transferring these claims, you offload the risk and responsibility to another company, allowing you to focus on your ongoing business.
3. Adverse Development Cover:
This provides protection against claims that end up costing more than expected. Sometimes, the cost of claims can grow over time due to unforeseen factors. Adverse development cover ensures that if this happens, the additional costs are covered, protecting your financial reserves.
Our Retrospective Solutions team at Risk Exchange specializes in creating effective and customized strategies to manage your unresolved liabilities. We work closely with you to understand your unique challenges and tailor our services to meet your specific needs.
