Property & Casualty Insurance/Reinsurance
Property & Casualty Re/Insurance
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⇒ Harness cutting-edge solutions to enhance operational efficiency
Underwriting Services
We offer underwriting services for property and casualty insurance and reinsurance, managing submissions, renewals, policy issuance, and endorsements. Our streamlined approach reduces errors, improves speed, and enhances efficiency.
Submission and Renewal Booking
Our team ensures timely and accurate booking of new submissions and renewals, helping clients manage their policy pipeline effectively.
Location and Insured Clearance:
We verify locations and ensure that insured parties meet all clearance requirements, safeguarding clients from potential compliance issues.
OFAC Clearance
Our underwriting team performs OFAC clearance to verify that the insured entities are not on the prohibited list, ensuring regulatory compliance.
Bind Processing
We handle the complete bind processing workflow, including documentation and policy issuance, minimizing turnaround time.
Policy Issuance
We manage the policy issuance process efficiently, ensuring accurate details and prompt delivery to customers.
Endorsement and Cancellation
We facilitate quick and accurate policy endorsements, as well as the seamless processing of policy cancellations when required.
Technical Account
We streamline settlements and account reconciliation, handling Bordeaux processing, invoice bookings, and cash calls for accurate, timely results.
Settlement of Accounts
We handle the settlement of technical accounts efficiently, ensuring accurate and timely payments.
Bordeaux Processing
We handle Bordeaux processing, streamlining settlements.
Invoice Booking
We ensure timely, accurate invoice bookings for organized financial records.
Cash Call
We manage cash calls, ensuring efficient and prompt fund transfers.
Accounting and Credit Control
Our accounting services cover premium accounting, accounts payable and receivable, and general ledger maintenance. We help clients improve financial transparency, reduce outstanding premiums, and enhance cash flow through effective credit control measures.
- Premium Collection and Reconciliation:
We streamline premium collection and reconciliation, improving cash flow for clients. - Premium Allocation and Reporting:
We handle premium allocation across various entities, ensuring accurate reporting and financial transparency.
- Invoice Processing:
Our team manages invoice processing, ensuring timely and accurate entries. - Payment Processing:
We facilitate the smooth execution of payments, minimizing payment delays. - Accounts Receivable Management:
We manage receivables effectively, helping clients optimize their cash flow. - Reconciliation of Receivables:
Our team ensures receivables are accurately reconciled with the accounting system.
- Journal Entries and Account Reconciliation:
We maintain the general ledger, handling journal entries and account reconciliation. - Month-End and Year-End Closing:
Our team ensures efficient month-end and year-end closing processes to finalize financials.
- Premium Collection and Management:
We manage premium collection and ensure timely receipt of payments. - Billing and Invoicing:
We handle client invoicing, ensuring prompt and accurate billing. - Payment Tracking:
Our team tracks payments to ensure all dues are collected on time. - Automated Reminders:
We send automated payment reminders to reduce the risk of overdue payments. - Aged Debt Analysis:
Our experts analyze aged debts to identify outstanding payments. - Chasing Overdue Payments:
We follow up on overdue payments to ensure timely settlement. - Reconciling Receivables:
We reconcile client receivables to maintain accurate financial records. - Discrepancy Resolution:
Our team resolves payment discrepancies to prevent delays. - Broker Account Reconciliation:
We ensure accurate broker account reconciliation for seamless transactions. - Commission Adjustments:
We manage commission adjustments as per broker agreements. - Non-Payment Cancellations:
We handle policy cancellations for non-payment, following established protocols. - Reinstatement Processing:
We manage reinstatement processes for cancelled policies. - Prorated Adjustments:
Our team handles prorated adjustments for policy changes during the coverage period. - Dispute Resolution:
We offer dispute resolution services to settle payment-related conflicts.
Claims
Our claims management services cover the full lifecycle from registration to settlement. We streamline adjudication, investigation, payment processing, and subrogation, improving accuracy and reducing claim closure times.
Claim Registration & Notification
We assist in registering claims and notifying all relevant parties promptly.
Subrogation
We manage subrogation processes to recover funds from liable third parties.
Claims Payments:
We handle the entire payment process, ensuring timely settlement.
First Notice of Loss (FNOL)
We handle FNOL services to capture claims data and initiate the claims process.
Claims Investigation
Our team conducts thorough claims investigations to determine validity.
Claims Processing
Our team manages claims from start to finish, ensuring a smooth process.
Bordeaux Reconciliation
We reconcile claims data for accurate reporting to reinsurers.
Claims Adjudication, Reserving
We ensure accurate claims adjudication and reserving for financial stability.
Loss Run Reports
We prepare loss run reports to provide valuable insights into claims trends.
Claim Closing
We ensure prompt and accurate claim closure to improve operational efficiency.
Our Clients Says
“i-Offshore’s underwriting support services have been instrumental in optimizing our risk assessment processes. Their team’s expertise and attention to detail have significantly improved our underwriting accuracy and efficiency.”
Amanda Seyfried
Thanks to i-Offshore’s policy services, our policy administration has become seamless and hassle-free. Their efficient handling of policy issuance and endorsement processing has enabled us to enhance customer satisfaction.
Debbie Kübel-Sorger
i-Offshore’s claim services have exceeded our expectations. Their prompt and accurate claims processing has helped us deliver exceptional service to our policyholders, leading to increased customer loyalty and satisfaction.