Solutions & Services

The following are the major services offered by Axiom Asia Pacific to Lloyd’s Managing Agents, and Domestic and International Insurers and Reinsurers in relation to their Australasian and SE Asia based clients.

  • Lloyd’s and Company Binder, Facility and Coverholder Audits

  • Third Party Claims Administrator Audit and Review

  • Audit & Investigation, UW and Claims Portfolio and Peer Reviews

  • Reinsurance Asset Management & Compliance Consulting

  • Risk Management and Compliance Support and Service

  • Claims and Reinsurance Recovery and Administration

  • Business process review and improvement

Agency Binder and Coverholder Audits / TPA Audits

 

  • Coverholder and Binder Audits of Delegated Underwriters, Service Companies and Underwriting Agencies / Brokers on behalf of Lloyd’s and Insurers

  • Pre-tribunalisation reviews for Lloyd’s Coverholder operations

  • Specific Claims and Compliance reviews of Third Party Claims Administrators on behalf of Lloyd’s and Insurers

  • Risk Management and Compliance services in support of UW Agency operations

  • Business process review and consulting support for Agencies, TPAs and their clients
     

Audit & Investigation, UW and Claims Portfolio and Peer Reviews

  • Underwriting and Claims portfolio review for Compliance or Reserving purposes

  • Peer Review work for Agencies and Insurers on Underwriting and Claims portfolios

  • Due Diligence Investigation on behalf of business partners / acquirors

  • Insurance / Reinsurance Investigations

  • Claim file reviews

  • Claims reserve analysis

Reinsurance Asset Management & Compliance Consulting

 

  • Reinsurance Asset Identification, Consolidation & Reconstruction

  • Commutation and Settlement Management – Inwards & Outwards

  • Reinsurance Recovery Management & Broker Liaison

Claims and Reinsurance Recovery and Administration

  • Allocation of Incurred Claims information to specific reinsurance programs – Facultative or Treaty

  • Notification and advice of claims to reinsurance brokers and direct to reinsurers

  • Pursuit of recoveries and credit control

  • Management of settlement and commutation arrangements

  • Proven recovery success from historic reinsurance contracts

  • Significant bottom-line benefits for clients


Business process review and improvement

 

  • Peer review of underwriting and claims management operations as an objective external support resource

  • Broad experience of core insurance functions and procedures

  • APRA Prudential Guidelines compliance and process improvement

  • Internal audit and risk management services