In order to resolve problems or provide effective solutions, it is necessary to have a sound factual basis on which to make decisions. Through the wide range of skills available within the Chiltington organisation, we are able to provide appropriate teams to conduct the necessary internal investigations on behalf of a client in order to develop plans and implement strategies. These can range from reviewing a specific area of a company's operation, examining a particular portfolio of business or a more wide ranging review of internal controls, systems and accounting procedures.
Internal auditing
Chiltington's skills range from providing technical reinsurance expertise to corporate internal audit. This combination enables controls and procedures uniquely relating to reinsurance departments or subsidiaries to be more effectively audited.
Often, internal audit departments belonging to insurance groups do not have the technical reinsurance knowledge to examine business written within the reinsurance department. Chiltington's technical reinsurance expertise is therefore a logical extension to such an internal audit department. This allows specialist functions such as compliance and its guidelines to be more effectively examined.
Portfolio analysis
Chiltington can be instructed by a company's Senior Management to review a portfolio of reinsurance in order to identify sources of potential high exposure, contracts which require individual exposure analysis or claims issues. We provide a strategic plan to Management to advise on how the exposure can be managed.
"Strength and Weakness" analysis
We apply strong and weak point analysis to the operations of a reinsurer. We can either examine specific departments, for example in the claims area, or the company as a whole. This provides management with the basis to implement change in order to improve efficiency.
We use a phased, modular approach to perform an analysis of a business or portfolio. We combine a technical and operational assessment to identify areas of high exposure and make recommendations as to how these can be addressed. Through this, Senior Management can maintain confidence in branch or overseas subsidiary operations.
Valuation of APH claim reserves
The estimation of ultimate liabilities for latent reinsurance claims requires the assembly of data into relevant categories, analysis of exposure and application of benchmarks. Chiltington carries out the data and exposure analysis in order to provide actuaries with appropriate information.
Internal Investigations
