Management – Discontinued business is a rapidly expanding
segment of the insurance industry. The increasing complexity of establishing,
managing and motivating a run-off operation often distracts managers
from focusing on their core business activities. Generali Consulting
Solutions has developed an infrastructure that efficiently manages
run-off accounts by reducing
liabilities and the life of the run-off, while also reducing administrative
costs to the client.
Commutation Analysis and Negotiation – Commutation
is an excellent tool for reducing and/or eliminating liabilities. We
can provide the necessary
strategies and skilled professionals to achieve finality.
Audits and Reviews – Applying market knowledge and
experience, our staff will develop and execute audit strategies to best
fit the unique
needs of each client. We can perform operational and financial audits of
ceding companies, MGA’s, TPA’s, or any other entity in our
client’s business mix.
Statutory and GAAP Reporting – Utilizing proprietary
reporting tools, we can assist in the reporting needs of a company.
Cash Reconciliation and Application – A typical
problem with collection efforts is unapplied cash and lack of supporting
documentation. Generali Consulting Solutions can
reconcile and apply cash to develop precise receivable balances. In addition,
we can assist with reconstructing balances to provide the necessary backup
documentation to recoverable balances.
Collections – Through a worldwide network, Generali
Consulting Solutions provides local presence to assist in the collection
of funds due a client. We are
also able to
reconstruct the balances due to effectively find a resolution to disputed