Expert Advice, Specialist Implementation, Financial Compliance
Accelerating cashflow, maximising reinsurance recoveries, releasing redundant reserves or recovering bad debt all benefit your bottom line. We have the highly specialised resource you need to resolve discrete problems or to provide flexible ongoing support.
Pro can build out a flexible technical accounting solution that will make meeting regulatory requirements more cost effective.
Capital efficiency is crucial in today’s market. Effective collection practices lead to enhanced cash flow management and efficient capital re-allocation. We can help you maximise your premium and reinsurance assets by speeding up debt collection with specialist professionals to complement existing credit control and IBA teams or we can provide a team to manage it under pre-agreed service levels.
Billings, statements and collection; bank recs and cash matching; aged debt reviews and reporting; bad debt and broker trapped cash recovery; commutations.
The underlying structure of an insurance business can create an unallocated cash problem, through manual allocation and mismatches caused by system constraints, ineffective accounting and/or legacy system migrations. Pro can deliver cash clarity through its 3-step resolve, remodel and maintain approach, and improve overall liquidity.
Legacy system migrations; inherited unallocated cash through M&A; better controls and unallocated cash monitoring; unallocated cash resolution designing and testing new processes.
Every Insurer wants to maximise their reinsurance assets but not all of them make it happen. Through the effective management of your reinsurance programmes Pro can accelerate recovery and help you get the most out of your reinsurance assets. Our experts have experience of a wide range of reinsurance systems and a proven track record in resolving technical reinsurance issues through forensic audit and analysis to identify any missed reinsurance and process improvement.
Review and reconstruction of reinsurance programmes; dispute resolution; day-to-day calculation, processing and billing; reconstruction of client or broker files; commutations.
Our broker support services free you up to work on core revenue-generating activities, whilst improving your customer experience. We can help with your technical processing through to settlement as well as management insight and compliance.
Finance and compliance support, virtual broker offerings, flexible systems implementation, process monitoring, data cleansing, client money handling (CASS5).
Governance, regulation and compliance can be a costly business. As one of the largest providers of audit services to the Lloyd’s and company markets, our team has practical experience financial in technical accounting that will keep you compliant, protecting your reputation and your bottom line.
Technical accounting audits; loss fund audits, cyber audits, process reviews; security reviews; AML and financial crime.
We know that different markets have different specialisms. We’ve spent 28 years tailoring our specialist expertise for multiple regulatory landscapes and in multiple languages.
The experts at Pro were drafted in to tackle a significant backlog of unallocated cash at a leading insurer - a challenge that arose due to under-resourcing, but resulting in a successful and ongoing outsourcing partnership.