Capital efficiency is vital in today’s “cash is king” market. Good reinsurance collection practices enhance cash flow management. Citadel Risk can help you maximise your reinsurance asset by speeding up collection and recovery of unpaid debts.
Citadel Risk has the resources and the flexibility to provide a service precisely tailored to your requirements. Whether supplying specialist in-sourced support or managing an entire portfolio, we can deliver efficient cost-effective expertise and consultative advice.
With an exceptional global contact network, we have a proven track record for results, efficiency, and getting the job done.
Functions handled by Citadel Risk include:
- Premium Recoverables
- Check to ensure that all original premiums have been received
- Identify premium adjustments that might be due
- Issue cancellations for non-payment of premium
- Reinsurance Recoverables
- Help prioritize recoverables
- Build a collections database
- Assess the credit risk of non-collection
- Contact reinsurers and effect collections
- Document reasons for non-payment
- Reinsurance review
- Review and reconstruction of reinsurance programmes
- Reconstruction of client or broker files
- Query resolution
- Asset management
- Security review
- Reinsurance debt recovery
- Dispute resolution
Citadel Risk can offer all of these services on an individual consultancy basis or as part of a complete outsource solution. We believe it is important to provide comprehensive reporting to keep you fully informed through each stage of the process.