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Third Party Services
Administration & Management for Run-Off Programs
Due to an ever changing marketplace, many operations find themselves in need of a company that can manage a run-off program. Many times a company that was handling a certain aspect of an insurance program is no longer available. These companies have failed to provide continued servicing of policies that they have issued. At CIMI, we have the platform and in-depth knowledge of running an insurance company from top to bottom and can offer cost effective solutions to this problem.
Since 1983, we have managed our own risk taking entities; we have recruited, trained and retained some of the best accounting, claims, underwriting and information technology people in the business. We can utilize our seasoned staff to fulfill the following needs for your operations:
- Claims Administration – including reserve estimation (actuarial service)
- Reinsurance Contract Evaluation
- Accounting – including cash transactions, reinsurance recoveries, statutory accounting, etc...
- Data Processing
- Financial Reporting
- Policy administration of in-force policies
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