Reserve Portfolio/Adequacy Reviews
Are you financial reserves at full strength? Are they adequate enough to satisfy self-insurance regulatory requirements, or the enhanced standards of Sarbanes-Oxley? Notwithstanding perspectives that the evaluation and reserving of claims is, at best, a “crap-shoot”, there is a consistent and accurate methodology for such analysis, and AE21’s consultants are experts at it. Clients include regulators, residual market carriers, national carriers, and self-insured employers seeking to ensure the accuracy and adequacy of their financial reserves from both micro and macro perspectives.
The GAP Workload Analysis
Whether positive or negative, turnover is claims’ worst enemy, and the likelihood of adverse impact on claim performance, morale and bottom line costs is a certainty you can’t avoid. Or can you?! AE21’s GAP Analysis can help you “bridge the gap” ...
While seeking replacement staff, or better yet, considering the possibility of absorption, AE21’s experts can quickly analyze your unassigned claim inventory, identifying the “barn burners” needing immediate supervisory involvement vs. claims that can be easily reassigned without disruption in claim service or file management.
But don’t stop there! As an additional service, our experts can provide you with a comprehensive needs analysis on individual claim files that provides a detailed summary of the claim’s current status with directives for ongoing management.
Best Claim Practices Development
Raise the Bar for Claims Performance! Does your company follow Best Claims Practices consistent with traditions of excellence in claims performance by "best in class" carriers and third party administrators? Does your staff follow these practices?
Despite their traditional and consistent prevalence across the industry for many decades, they are very difficult to find -- and they are closely guarded by those who have them.
AE21’s claims experts can provide you with your own set of Best Claims Practices for property, liability or workers’ compensation claims handling, either “off the shelf”, or completely customized to meet the unique needs of you and your clients’ business. We also provide benchmark analysis and implementation training to your staff so they understand just what is required of these guidelines