Products & Services >Actuarial & U/W>Reinsurer/Insurer>Reinsurance Audits>
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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.
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PERSON TO CONTACT
Michael S. Miele FSA, MAAA
President PrincetonNew Jersey 08540 609.452.2488 x208 mike_miele@ajg.com
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