Generali Consulting Solutions
MANAGEMENT CONSULTING SERVICES
Run-off Management – Discontinued business is a rapidly expanding segment of the insurance industry. The increasing complexity of establishing, managing and motivating a run-off operation often distracts managers from focusing on their core business activities. Generali Consulting Solutions has developed an infrastructure that efficiently manages run-off accounts by reducing liabilities and the life of the run-off, while also reducing administrative costs to the client.
Commutation Analysis and Negotiation – Commutation is an excellent tool for reducing and/or eliminating liabilities. We can provide the necessary strategies and skilled professionals to achieve finality.
Audits and Reviews – Applying market knowledge and experience, our staff will develop and execute audit strategies to best fit the unique needs of each client. We can perform operational and financial audits of ceding companies, MGA’s, TPA’s, or any other entity in our client’s business mix.
Statutory and GAAP Reporting – Utilizing proprietary reporting tools, we can assist in the reporting needs of a company.
Cash Reconciliation and Application – A typical problem with collection efforts is unapplied cash and lack of supporting documentation. Generali Consulting Solutions can reconcile and apply cash to develop precise receivable balances. In addition, we can assist with reconstructing balances to provide the necessary backup documentation to recoverable balances.
Collections – Through a worldwide network, Generali Consulting Solutions provides local presence to assist in the collection of funds due a client. We are also able to reconstruct the balances due to effectively find a resolution to disputed balances.
Consulting Services - Generali Consulting Solutions leverages the experience of its IT professionals to provide services and products to meet the needs of every client. Our IT professionals have run systems departments for insurance and reinsurance companies, developed vendor software packages, and managed major system implementations. Our staff bring in-depth knowledge and experience of the Insurance and Reinsurance industry to each engagement. Generali Consulting Solutions offers various IT consulting services including application development, system integration, and project management. We also have extensive experience in data conversion. Whether you are converting data from one system to another or merging multiple databases into a single repository, our staff can provide a quick and accurate solution.
RISK ENGINEERING SERVICES
- A Loss Prevention Survey report is submitted to the client consisting of a complete evaluation containing both physical and human element issues, and provides specific recommendations for improvements and includes:
- An evaluation of the facilities’ loss prevention measures both physical and human factors.
- Adequacy of fire protection systems including automatic sprinklers, extinguishing systems surveillance systems as related to construction, occupancy, and special hazards.
- Evaluation of the manufacturing processes, equipment, facilities and management, to determine at risk areas and prioritize loss control measures. Our evaluation uses our consultants extensive experience guided by national and international codes such as NFPA, OSHA and other locally and international recognized standards, to tailor our recommendations to the realities of business, maximizing the ROI of your investment in Risk Control Measures.
Specific Boiler and Machinery experience includes but is not limited to:
- Paper Mills
- Cement Factories
- Sugar Mills
- Alcohol Distilleries
- Steel Mills
- Shipping and Ports
- Textile Mills
- Chemical Plants including soap
- and detergent factories
- Clothing Factories
- Food Processing Plants
- Animal Feed
- Food for Human Consumption
- Electric Generation power plants:
- Liquid Fuels
- Municipal Waste
- Wood Waste
Power Plants assessments include large and small utilities, industrial cogeneration and Independent Power Producers. Our Power Plant consultants are experience in Engineering, Design, Construction, Start-Up, Operation and Maintenance of Power Plants.
Risk Engineering Consulting
New construction, renovation, or remodeling is a process involving hazardous work with increased loss exposure. Generali Consulting Solutions can help by applying loss control principles during the initial design phase of a project to ensure that cost effective protection and loss prevention measures are incorporated. Thus, reducing the need to make costly changes once the project is underway.
Whether Generali Consulting Solutions is involved upfront in the planning stages or during the project, we will provide the necessary guidance and expertise to assure that preventive and related protective measures are integrated into the project.