Analytics modeling to identify and recover reinsurance claims
ReFinder, Genpact's asset recovery solution for reinsurance claims, limits the impact on client resources and leverages a powerful combination of proprietary analytics modeling and industry expertise.
First, we worked in close collaboration with the client's UK, US, and Canada entities to agree the timeline and identify data requirements. Then we modeled the claims data versus the reinsurance structure and compared it with historical cessions. This wasn't a one-time modeling – the process was continuously fine-tuned over multiple iterations.
Then our experts reviewed each high-probability claim and scrutinized the coverage documents before submitting the documented and researched cases to the client for review and verification. Backed by the analysis and research documentation provided by Genpact, the client was able to discuss the results with its reinsurers and collect the additional amounts owed.