Praise for Reinsurance Results, Inc.
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“ Your audit provided a comprehensive review of our reinsurance premium calculations and an exhaustive search for additional loss recoveries. The end result of your firm’s work identified a significant amount of additional funds due Millers from past accident years. Furthermore, the well-organized reference material in the findings reports resulted in the reimbursement of the funds owed to Millers being completed in a much faster time frame than originally anticipated. ” | |
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“ Reinsurance Results used a professional approach during our audit. Your company held true to its commitment to limit the use of OMSNIC’s time and resources and I would highly recommend your unique expertise to other companies. ” | |
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“ It was reassuring to have a second set of eyes review the processing of our previously ceded premiums and claims. As promoted, RRI performed the audit with only a limited amount of time and resources required of our office. ” | |
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“ We were very impressed with the cutting-edge technology incorporated into your review and the level of detail your company developed in support of your findings. In addition, the accuracy of your work has helped to eliminate potential processing errors going forward. ” | |
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“ I'm glad that we decided to move forward with the review following our discussion at last year's NAMIC Management Conference. Reinsurance Results, Inc. was able to identify additional recoveries that made the project worthwhile. As promised, your audit required only a short two-day visit to our office and limited involvement from our staff, which was impressive. We wish all vendor engagements could be so easy. ” | |
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“ Thank you for the recoveries identified during your recent audit of PLM and ILM. From my viewpoint, your service is a no-brainer. We pay nothing if your team does not find anything and if you do, your fee is tied to the collection of the recoveries. ” | |
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“ Our staff was impressed with Reinsurance Results' ability to utilize both our legacy and current systems in order to identify additional reinsurance recoveries available to Louisiana Citizens Property Insurance Corporation. Your findings reports were professionally prepared and the claims submitted to the reinsurers were researched and supported by clear documentation the markets needed to process the recoveries. ” | |
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“ You and your team discovered a surprisingly large reinsurance recoverable which we are now in the process of billing out through our intermediary and the direct reinsurer. The Board of Directors and the Audit Committee are in the process of implementing your excellent recommendations to improve our reporting processes so that recoveries are less likely to be missed in the future. ” | |
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“ If Tom Thompson is suggesting you allow him to conduct an accounting audit of your reinsurance program, listen very carefully. Tom does a very thorough and professional job and you have nothing to lose. Your gain will be an overpayment, a recovery or the knowledge your accounting procedures for your reinsurance are well under control. ” | |
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“ The summary and supporting information developed for each claim submitted to the reinsurers was very impressive. RRI effectively identified our processing issues and presented us with recommendations so that missed recoveries are less likely to happen in the future. ” | |
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“ The process in which your team accumulated the data required to identify the additional recoveries was concise to the mission at hand and professional. Also, your availability to assist in answering questions by reinsurers, and the ability to quickly provide exhibits for a deeper explanation of the findings was an unexpected and appreciated component of the collection process. ” | |
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“ RRI was able to identify additional reinsurance available to Penn Millers that is frequently missed by insurance companies. In the future we will be in a better position to identify these recoveries on our own. ” | |
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“ RRI's ability to model our premium and claims against our historical reinsurance program led to the recovery of additional reinsurance assets for MHA. ” | |
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“ You and your team were able to bring to our attention some of the more complex coverage provisions contained in our older reinsurance contracts that ultimately led to missed recoveries. The final results were very impressive. ” | |
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“ Thanks to your efforts we enjoyed an unanticipated boost to our year-end surplus. ” | |
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“ We were stunned by the amount of additional recoveries found - particularly because we don't have the type of reinsurance that would likely result in underpaid reinsurance claims. ” | |
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“ Nice job in catching the previously unreported property catastrophe loss. We also appreciated your input regarding the definition of occurrence and how it relates to our casualty policies and reinsurance contracts. ” | |