Whether you need to administer a live or run off portfolio, develop commutation strategies or negotiate settlements, Inpoint's expertise in assumed and ceded reinsurance operations can create efficiencies for your business.
We specialize in designing customized operations solutions, from short-term administration of a single book of business to providing comprehensive, long-term support. Inpoint allows you to subcontract complex reinsurance processing so you can focus on the strategic issues affecting your business. Our expertise in processing reinsurance transactions stems from our dedicated focus on P&C reinsurance operations. Inpoint's breadth and depth of experience allows us to:
- Interpret complex reinsurance contracts and identify inuring relationships between contracts
- Access a broad range of full-featured operational systems. We have the skills required to select the best system for each particular processing engagement, along with the expertise to translate, load and reconcile all contract provisions, as well as historical premium and loss data, on the system. By utilizing Inpoint systems, clients frequently are able to avoid licensing costs.
- Determine claims attachment and contractual cessions
- Produce well-supported, accurate and timely billings to ceding companies and reinsurers
- Manage end-to-end financial accounting and reporting operation
- Generate GAAP and STAT financial reporting
- Create best practices for every book of business by leveraging our specialized knowledge of reinsurance workflows, regulatory requirements and internal controls
- Manage the day-to-day processing of complex transactions without sacrificing accuracy, timeliness or productivity
For our outsourcing clients on an annual basis, Inpoint manages approximately:
- $1.2 trillion in property exposure values
- $2.1 billion in ceded and assumed loss payments
- $1.2 billion in ceded and assumed reserves
- Over four million premium and loss transactions
Government Entities
We also provide specialized reinsurance administration solutions to state insurance departments and the federal government. In the event of insolvency, we provide skilled, dedicated resources to resume the reinsurance billing and collection cycle. The inflow of reinsurance recoverables mitigates the economic impact to the state and policyholders. When substantial risk arises that requires governmental intervention for market stability and the public good, we have proven our ability to support the initiative. We are the government-appointed administrator for the federal Terrorism Risk Insurance Program (TRIP) and the Florida Hurricane Catastrophe Fund (FHCF).