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Blue Bear's approach facilitates the development of a sound risk management strategy for our clients’
Accordingly we will provide a full complement of management services, which include:
- Establishment of a sound insurance and reinsurance program, involving actuarial studies, development
of insurance coverage and policy forms, determination of retention levels and limits including aggregate
and stop loss limits, and selection of a strong insurance and reinsurance structure, reinsurance coverage
by treaty and/or facultative contracts utilizing quota share and/or stop loss protection. We will work with
all of the various entities chosen by our clients to develop an appropriate program that is efficient and
effective; be they brokers, intermediaries, insurers/reinsurers, accountants or actuaries. We can assist
our clients in analyzing who they can and should work with (by Request for Proposals – RFP, interviews,
etc.), and then we will coordinate activities to deliver optimum results.
- Claims management which includes the evaluation, adjustment and settlement of claims; the reporting
of claims for accounting, audit, actuarial, and STAT and GAAP accounting and reporting purposes; the
selection where necessary of independent adjusters; and working with client in-house counsel and
outside legal counsel on coverage and claim handling issues.
- Financial Reporting involving provision of cash flow, STAT and GAAP reporting and analysis;
recommendations regarding the establishment of adequate capital and reserves, input with regard to
financial results and accounting entries, investment policies and
general financial reporting.
- Administrative Services, which include organizational matters
(meetings of the Board, Agendas, Management Reports, etc.)
claims reporting and accounting services, and policyholder
services.
- Assisting with the ongoing development of an effective
safety, loss control and prevention program, which
entails the evaluation of the client’s risks and
exposures to loss and the implementation of
loss prevention programs together with a plan
to monitor its effectiveness.
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