Reinsurance Products
Treaty Reinsurance
EWI designs treaty reinsurance structures that provide balance sheet protection against the risk of unfavorable loss experience and catastrophic events. EWI treaty reinsurance programs are constructed to comply with regulatory requirements and enhance financial standing with policyholders and rating agencies.
EWI has broad marketing capabilities with all major reinsurers for quota share, surplus share, excess per risk, catastrophe, clash and other risk programs. We can provide treaty reinsurance solutions for all major property and casualty lines, as well as specialty lines, including surety, professional liability and workers compensation. EWI also provides reinsurance solutions in the life and health lines of business.
Reinsurance trading relationships are maintained with high-quality reinsurers located in the United States, Bermuda, Europe, and at Lloyds of London. Dedicated to client service, the company’s professional staff has vast experience in reinsurance program design and placement, reinsurance security reviews, fiduciary accounting, claims and claims auditing, and the preparation and processing of treaty wordings.
back to top
Facultative Placements
EWI provides its clients with a full range of facultative placement services in the design, placement and implementation of facultative reinsurance. The company maintains ready-access to multiple worldwide facultative markets. Experienced facultative brokers enable a broad marketing of the risk to professional reinsurers to rapidly quote and support the program to maximize capacity limits and assure efficient pricing. Through a distinctive binder system, cover notes are issued promptly and accounting is expedited. EWI utilizes renewal registers to docket facultative expiration dates and advise clients of renewal requests to maintain a continuous quote and bind process for clients.
back to top
Commutations
EWI offers commutation valuations services for business previously assumed by reinsurers whose security represents an above average credit risk to the cedant. EWI also offers advisory services to help insurers decide on terms for re-assumption of risk on the outstanding liabilities previously ceded. EWI has extensive experience in both conceptual transactions as well as specific commutation experience with a number of large international reinsurers. Please see the EWI Publication "Commutation Overview".
back to top
Reinsurance Advisory Services
These reinsurance advisory services normally involve EWI acting as an independent party to assess the pricing, structure and appropriateness of an existing reinsurance program for cedants or reinsurers. EWI can perform analytics on such arrangements and provide advice on appropriate retention levels in keeping with BCAR, IRIS and other rating agency constraints. EWI contract writing analysts can review and write treaty and facultative placements that reflects the most current market terms and conditions. In essence, EWI can serve as a dedicated ceded reinsurance resource to companies with limited staffing resources and, thus, can provide comprehensive best practices and guidelines. These advisory services allow ceding companies to focus their efforts on the more critical issues of the reinsurance transaction process.
back to top
Custom Insurance
Solutions
Captives and Risk Retention Groups
There are substantial economic advantages from establishing a captive. For industrial or manufacturing groups, associations, or not for profit entities that want to gain direct access to reinsurance markets and achieve economic value, EWI can assist with the formation and design of a captive or RRG. Our services include the implementation and ongoing management process, including the use of reinsurance, in the United States and in foreign countries. EWI provides feasibility analysis and studies for evaluating the benefits of a captive or a risk retention group. For those entities too small to finance their own "pure" captive, we have relationships with a variety of cell providers and can assist the owner with evaluating the relative merits of such solutions.
back to top
Issuing Carriers
EWI maintains working relationships with a large number of highly-rated admitted insurers and Excess and Surplus (E&S) lines carriers throughout the United States. EWI also maintains international issuing carrier relationships, including facilities at Lloyds of London.
back to top
Advisory
Services
Capital Markets
EWI maintains relationships with national and regional capital markets firms that can provide alternative sources of capital for regional property and casualty and life and health companies. Please see EWI publication "Capital Raising Memo".
back to top
Rating Agency Advice
EWI has a propriety capital model to determine the impact of varying reinsurance structures to the BCAR or IRIS scores of the company. Such Dynamic Financial Analysis (DFA) allows EWI to provide capital analytics to best determine the optimal reinsurance solution to be pursued as well as to assist with strategic planning. EWI has extensive expertise in working with rating agencies and can assist with the qualitative aspects of an external rating.
back to top
Mergers & Acquisitions
EWI can serve many functions in the M&A process for insurers. We provide advisory services for insurance company valuations and have access to locating shell or active insurers for clients interested in expanding. Likewise, EWI works with insurance company sellers interested in cash or stock transactions, mergers or roll-ups. Preliminary strategic advisory services can help sellers shape their companies to be more attractive for sale by using risk solutions to mitigate risks that pose transactional disincentives to a prospective purchaser. EWI has contacts with buyers or sellers directly or its regional and national network of capital market firms.
back to top
Actuarial Services & Analytics
EWI has actuarial resources available to assist insurers with their cost of risk decisions that involve the evaluation of loss experience, exposure and rating information. We utilize our actuarial resource to determine the appropriate reinsurance structure to be pursued at each renewal. Custom studies, valuations, and analytics can be also provided to EWI client partners.
back to top
Enterprise Risk Assessments
EWI risk managers, loss control, and accounting staff can perform enterprise risk assessments to its clients to identify specific areas of strategic risk. These assessments involve on-site surveys as well as a review of internal controls, loss control and prevention program effectiveness, business risk evaluations, industry assessments and other areas that can specifically pose substantial strategic threats to an enterprise. These risk areas are identified, prioritized and quantified to the extent possible.
back to top
Road Assistance Program
EWI has secured the appointment of a premier business to business provider
for the distribution of its Road Assistance product to insurance companies.
In offering this product, EWI has partnered with an international company
that is an industry leader in roadside assistance.
The provider of the Road Assistance program:
Provides 24 hours / 7 days per week, Road Assistance coverage - underwritten
either by our business partner or by the client insurance company.
Has over 25 years of experience in assistance services in the United States.
Offers flexible and responsive, customized service offerings, to meet a
client's exact or unique marketing, program or sales goals.
Tested and proven, with over 100 clients in the major industries in the United States.
Committed service partner, will work together with our clients to increase
customer satisfaction, sales and program profitability.
Has an impressive client list, which includes: AutoNation; Cooper Tire & Rubber;
GMAC; Harley-Davidson Motor Company; Kawasaki Motors Corp. USA; Volkswagen of America, Inc.
Has the technology necessary designed to drive speed; accuracy; quality and efficiency.
Has a proprietary service provider network, which is rated; qualified; contracted;
insured and inspected. Such network is managed by an experienced service provider
management team.
Has a very strong commitment to quality: all inbound and outbound calls handled by
the Response Center are recorded; a dedicated, internal Quality Assurance team monitors
performance by the Response Center, on all three shifts; performance is monitored by
the Quality Assurance Team using call recording; automated dispatch confirmation services;
remote monitoring; side by side monitoring and surveys of membership base.
Offers three languages for North America services: English; Spanish and French.
Is licensed and approved in all 50 states, Canada and Puerto Rico.
Is committed to offering accurate, timely and informative reporting. Client
reporting includes: sales (new and renewals); episodes (assistance service activity);
telecom (service levels); claim and data analysis; trends.
We stand ready to work with our partner in providing interested insurers with a customized,
private labeled, Road Assistance program that meets the client's needs and specifications.
back to top
|
