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Reinsurance companies are challenged by a complexity of issues that can delay the collection of claims. Long-tail or legacy claims frequently arise from exposures to the environment, hazardous waste, pharmaceuticals, tobacco, and toxic substances. Most reinsurance contracts are not standardized and can involve layers of coverage written by multiple carriers over many years.
We can design and implement an effective claim allocation process for you – and pass along the benefits of enhanced systems and better access to information, with no need for clean-up efforts later. Paragon’s goal is to recognize the full income potential of every insurance and reinsurance contract and help your company to capture missed or unbilled reinsurance recoverables. This allows you to capitalize on recovery opportunities and improve your financial performance.
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