Solutions
The services provided by Cover Re go beyond facilitating insurance and reinsurance placements. We also function as a valuable source of expertise and information for (re)insurers. At Cover Re we support clients in improving risk management, creating new insurance products, and expanding their businesses globally through consultancy services.
We leverage our research and development team and actuaries, in addition to collaborating with leading companies in software production and reinsurance technology, to offer solutions and advice for making optimal decisions for the stakeholders involved in the risk transfer value chain.
Solutions
Risk Modeling
Accurate risk assessment is the cornerstone of effective risk management. Our in-house team of risk modeling experts utilize advanced analytical tools and industry-leading data sources to develop comprehensive risk models that enable our clients to make informed decisions and optimize their reinsurance programs.
Reinsurance Pricing
Determining the right price for reinsurance coverage is crucial for our clients’ financial planning and decision-making. We leverage our extensive market knowledge, industry benchmarks, and proprietary pricing models to provide our clients with competitive and data-driven reinsurance pricing solutions.
Risk Assessment
Understanding and quantifying risks is key to building resilient insurance portfolios. We conduct in-depth risk assessments, drawing on our expertise in areas such as catastrophe modeling, emerging risks, and portfolio analytics, to help our clients identify, measure, and manage their exposures effectively.
Claim Management
When a claim arises, our clients need a reliable partner to navigate the complex process. Our dedicated claim management team works closely with our clients and their reinsurers to ensure timely and efficient claim processing, maximizing recovery and minimizing the impact on our clients’ operations.
Technical Consulting
- Risk assessment
- Guidance and support regarding provisions in contracts
- Providing advice on insurance availability and program choices
- Assistance in gathering and preparing underwriting information
- Estimating insurance costs for financial forecasting and budgeting
- Detailed design of project insurance programs, including customized policy wording
- Evaluating insurance quotes, and advising on the best options
- Support with claims submission and negotiation and settlement with insurers