Audit and Inspection

If you are involved with a contract of reinsurance which has not performed as expected or needs close monitoring or if you are about to negotiate a commutation, we have a team who can work with you to inspect and audit the books and records of the original reinsured/insured.

We can reveal why claims are developing and ensure that the business ceded is within the terms of the contract, leading to possible claims cost savings, future adjustment on premium rating and a greater knowledge when claims reserving for greater certainty in the ultimate result.

Helix has an experienced professional team familiar with all classes of business and types of reinsurance able to perform claims and post underwriting Audits and Inspections.

Helix can perform reinsurance management audit analysis to ensure reinsurances processes are performing efficiently.

Helix works closely with clients to ensure transparency of tasks performed and cost during each assignment.

Claims Audit & Inspections

• Check business ceded (premium and claims) is as intended
• Ensure reinsurances are applied correctly
• Verify claims are reserved promptly and adequately

Pre-Commutation Reviews

• Help assess various strategies within a range of financial outcomes in order to finalise the liabilities arising from a contract
• Provide recommendations as regards these strategies
• Assist in building reinsurer/reinsured relationships

Litigation Support

• Assist lawyers and solicitors in document understanding and management which will lead to a saving in legal costs
• Reinsurance Asset Reviews
• Review of a company or syndicate process from acceptance of original claim to reinsurance presentation to cash collection to ensure efficient processes and systems are in place and recoveries are not missed or time barred.