A client’s corporate strategy is its plan for profitability. AuclairRe has experience helping insurers in transition, buffeted by changing trends, develop and execute their profit plans. AuclairRe has the expertise and experience to uncover improvements in your existing strategy or help you evolve your strategy. We work with you to clearly articulate the way you plan to be profitable, establish your plan’s feasibility with a strong numerical analysis, help you manage the implementation of your plans, and help you manage your relationship with rating agencies. We can even raise venture capital to finance your plan.
Underwriting is still about evaluating a risk and deciding whether you can make money from taking on that risk. Managing your claims is still where the ‘rubber meets the road’ as it is the time your policyholders find out the worth of your promise to them. Shifts in the distribution landscape, advances in technology, evolving regulation, sharper catastrophes, and larger third-party risk, all combine to challenge even the smoothest of operations. AuclairRe combines its expertise with that of your own managers to collaboratively audit your underwriting and claims functions and insightfully map out the profitable way forward.
For example, AuclairRe recently improved the profitability of a family-owned insurance holding company with operations in both Property & Casualty and the Life & Accident and Health sectors of the industry. AuclairRe brought together a multidisciplinary team to collaborate with the insurer’s management to establish competitive underwriting guidelines, create solid models to guide underwriters, resolve inefficiencies in the claims process and help personnel update key skills. In the process, reinsurance expenses decreased and liquidity improved.