Insurance Program Specialists
Reinsurer's Value Proposition: Provide off shore and non-admitted reinsurance companies access to primary layers and admitted US insurance risks. This is business that has been difficult to access. Clear Blue can provide complete program management services on behalf of the reinsurer including:
Initial Program due diligence
Development of program underwriting guidelines
Regular monthly monitoring of underwriting and claims
Monthly data-to-cash reconciliations
Claims imprest account management
Actuarial and modeling analytics
Other benefits and services Clear Blue provides its reinsurers include:
Market Introductions: For our new and current clients, we are happy to assist your broker with introductions to general agents producing business for which you have an appetite.
Assume Operational Risks: Clear Blue can assume some operational risks that are typically passed to the reinsurers by fronting companies.
Data Archiving and Reporting: We have high standards for premium and claims data reporting, but adherence to those standards and monthly reconciliations ensure Clear Blue has a high quality rich data set that we archive for our clients. Complete program extracts are available to our current clients at no charge. Custom formats, reports, and analysis are available as well, and our reinsurers have access to the original reporting from the general agent and claims TPA as well.
Regulatory Research: We can research and provide opinion for our current clients on new product concepts, new US jurisdictions for an existing program, or change of structure for a program for no additional cost.
Claims TPA Referrals: As needed, we are glad to recommend claims TPAs we have worked with and have found provide excellent services.