RMG Reinsurance

Document Sample
RMG Reinsurance Powered By Docstoc
         Reinsurance                                 Turning Data                            RMG Consulting
           Claims                                     Into Action                            Property & Casualty Operations

RMG Consulting offers the Reinsurer a             Services Provided
complete range of services designed
specifically for the company accepting
business directly or from reinsurance                        Billing
brokers. RMG consultants are very                          Workflow
experienced insurance and reinsurance                      Systems
professionals with an average of 30                 Management Processes
years line and staff experience in all
aspects of the Property and Casualty
marketplace.                                                Pricing

RMG Consulting offers the reinsurer
an efficient and cost effective means               Best Practice Reviews
of measuring and controlling allocated               Interim Management
and unallocated claim expenses.                             Auditing
RMG Claims services include:                                                                  Fronting
                                         Our underwriting reviews combined with our
•   An independent opinion of case       claims auditing and operational experience           Captives
    reserve adequacy.                    allows us to design an extremely effective            Treaty
                                         measurement program that will improve the           Facultative
•   Ability to work with actuaries on    overall level of underwriting profits.
    IBNR calculations.
                                                      RMG Consulting
•   Analysis of claims handling
    practices and controls.                1280 Route 46          650 Sentry Pky
                                           Parsippany, NJ 07054   Blue Bell, Pa 19422

•   An examination of claims handling      Phone: 973-394-1730    610-260-6080
                                           Fax:    973-394-1734   610-260-6081
    and results management.

•   Acting independently or in          
    conjunction with the reinsurer
    performing audits of TPA’s or
    ceding companies.                                                         
          Underwriting                                   RMG Consulting                            Operating Principles

RMG offers the Reinsurance carrier a cost                 BEST PRACTICES                             Our Goal Is To Provide Our
effective means to independently examine risk
                                                  Recent trends have created a need both for
selection, pricing and underwriting processes.                                                  Clients With The Greatest Value By
RMG believes reinsurers should know if the        the Reinsurer and ceding client for
                                                                                                     Using Consultants Who Are
business being written meets the standards        improved methods to handle underwriting
set and reinsurance agreements negotiated.        and claims cost in the most efficient and    Nationally Recognized Experts In Their
                                                  cost effective ways.                                         Fields.
Our seasoned executives thoroughly review:

•   Risk selection and Pricing                    Our consultants help your company achieve
•   Processes and Controls                                                                     RMG Consulting, LLC was formed in 1999
                                                  a greater level of success by offering
•   Management oversight                          analysis on the integration of systems,      to provide professional and cost effective
•   Underwriting issues including
    current concerns such as catastrophe
                                                  technical auditing and organizational        services to the insurance and reinsurance
    aggregation and casualty issues.              development skills, allowing us to target    industry. Our goal is to develop long-term
                                                  areas for improvement of bottom line
 RMG offers reinsurance management           a
                                                                                               partnerships characterized by working in
                                                  results. Our engagements can be broad in
means to perform an independent due                                                            an exceptionally timely, cost efficient
diligence of potential business partners,         scope or focused in a particular area,
brokerage relationships , acquisitions or their   discipline or line of business.              and competent manner.
own book of business.

Rigor and thoroughness are the hallmarks of                                                                 Our Team
                                                    Best Practices services includes
RMG Consulting and yet our consultants
recognize that the business culture of a
company can be fragile, extremely competitive
                                                         Electronic Benchmarking
and deserves respect and tact.                                                                       Dale Frediani
                                                         Scorecard measurement
                                                                                                     George P Garris, MBA
                                                    Evaluation and review of operations
                                                                                                     John Saulino
We also provide experienced reinsurance            Assessment and oversight of expenses
underwriters who are available to assist you if                                                      John Morgan, CPCU
                                                   Management cost containment reviews
needed during peak periods or other
emergencies.                                               Interim management
                                                                                                     Reinsurance Underwriting
                                                             Workflow analysis
                                                                                                     Gail Schlafer, CPCU
We recognize that pricing is an integral part             Training needs analysis
                                                                                                     Robert Holland, CPCU
of the overall underwriting strategy that           Accounting/Escrow loss fund audits
has     significant potential for improving
results. RMG Consulting accesses reliable
expertise in the actuarial community.         

Shared By: