Run-off Management

IR&AS recognizes that in today’s changing environment, business risks and economics may dictate that a company takes action to bring certain products or lines of business to an end. We can provide full service run-off management and administrative service throughout the entire run-out period. The types of services that we administer vary based on your needs, but generally include:

  • Cash management
  • Account processing
  • Bordereaux preparation and reporting
  • Claims management and administration
  • Reinsurance collections
  • Maintenance of books and records
  • Tracking underwriting results
  • Commutation negotiations

For Accident & Health companies with more aggressive exit strategies, IR&AS can assist in establishing effective options for exit. We also provide the resources needed to perform the identification and valuation of known and future liabilities, and negotiate and draft the commutation agreement.