Reinsurance Consulting

We support clients in an effective and customised way

Reinsurance advice: why?

Solvency II changed the approach to reinsurance, attributing a value that was not previously evident, essentially due to a different and less efficient calculation of the solvency margin. Current regulation has forced the insurance market to focus on how to demonstrate compliance with the supervisory authority, so other aspects that have always characterised reinsurance have gone into the background.

Among them, many are technical and regulatory which, in fact, make the difference, and moreover, they make it possible to ensure that the calculations and forecasts on reinsurance can truly be considered reliable.
C Consulting has perceived the need and proposes an adequate and complete solution (but made up of professional services that can also be supplied individually), being able to provide the client with a high-level team that guarantees truly super partes analyses and solutions, unlike what is normally available on the market.

How we support our clients

Vertical business consulting with qualified and highly experienced professionals

Interventions modeled on the specific needs of the customer for real operational improvement

Analysis and possible redefinition of processes, study and consolidation of administrative management and related levels of compliance

Client support in the study and possible rewriting of reinsurance contracts

Education

Reinsurance course not only for professionals, but also for specialists or managers of other business units such as Underwriting, Finance, Actuarial, Risk Management.

Knowledge – Who does not need to fully understand the subject to make a useful contribution? The course is therefore not intended only for new hires, but also for colleagues and staff of corporate functions who serve and / or are served by Reinsurance, or who have the task of identifying the risks which may arise out of reinsurance activities.
Correct use – The different types of traditional reinsurance (prop/non-prop, obligatory and facultative) with in-depth analysis of reinsurance working bases, clauses and conditions that can be used to minimise the possibility that the expected results are not realised.
Compulsory credits/requirements – Reinsurance finally told and explained from the point of view of the ceding company. The best opportunity to be seized to ensure the fulfillment of training obligations: a really useful course.

Management optimization

Practical methods, strategies and suggestions to have more time to devote to the study of a reinsurance corresponding to the actual need. Efficiency improvement of internal relations. Support in delicate and complex situations

Guidelines

Review of the guidelines of the company (and/or group) to ensure simplicity and neatness in management and checks while reducing as much as possible the possibility of error, without prejudice to congruity with the risk appetite.

Policies

Preparation or revision of reinsurance policies, in compliance with the guidelines and IVASS Regulation 38, with suggestions for simplification with equal effectiveness.

Run-Off & Cut-Off support

Supporto nello studio dei portafogli in run-off e applicazione delle strategie di cut-off più idonee e convenienti. Commutations anche per portafogli non in run-off; recapture portafogli vita in run-off.

Contracts

Revision or redrafting of the reinsurance contracts. The suggested contractual wordings guarantee simplicity in every aspect of management and for all business units involved, limit the possibility of error as much as possible and allow enormous time savings. The contract (treaty or facultative) is the document that governs the agreement. Each gray area conceals the risk that the result does not correspond to expectations (including the risks of and from litigation).

Litigation and reinsurers solvency

Technical support in disputes, arbitrations and litigation. Support in the analysis of solvency and rating of reinsurers and in the identification of possible alternatives with the same financial rating and operational reliability.

Approach to the reinsurance market

Theoretical and practical consultancy for improving efficiency of relationships and negotiations. Reinsurance optimization.

Strategy – Support in defining the strategy for approaching the direct and/or intermediated reinsurance market.
Optimization of the negotiating power
Tender – Assistance/support in the approach to the direct and/or intermediated reinsurance market including possible preparation of “tenders”. Professional assistance and management in the preparation and/or conduct of “tenders” to obtain the best possible conditions, whether or not brokers are involved.
Negotiation – Support/assistance to Management in negotiations with reinsurers / brokers.
Assistance / training on the job to optimize the responses of the reinsurance market.
Optimization – Analysis of the results of Non-Life and / or Life reinsurance over time with “AS-IF” assessments to identify possible optimization of the structure and / or result with respect to the trends observed and the perspectives / guidelines of the company.