Binding authorities regularly generate high volumes of claims, and a multitude of transactions, covering loss funds, cash losses and bordereaux payments. The volumes involved can lead to items being missed, duplicated or misallocated. So when the last loss settles, and just as you were hoping to close the file, you could find you need a full reconciliation instead.
I can carry out these reconciliations for you, reviewing ledgers and liaising with coverholders, third party administrators, brokers and underwriters, as appropriate, to make sure the numbers tally and have been allocated correctly. While I focus on the final adjustments required your staff can concentrate on keeping the active accounts running.