Traditional Life, Accident and Health Reinsurance

Providing risk management vision through customised solutions

At Gallagher Re, we recognise that the challenges faced by life, accident and health insurers are unique. Our approach is a consultative one, ensuring that each client's reinsurance solution is tailor-made and tackles risk in the most effective way.

We provide advice and support in what is a complex and rapidly evolving market, developing risk management strategies based on Advanced analytics and our team's global experience and knowledge. We assist clients in areas such as product development, risk quantification, volatility management and balance sheet and capital optimisation.

Complementing our existing range of analysis and decision-making tools, including Gallagher Re's own claims benchmarking and HealthMaps data, our actuaries and research teams are constantly developing new techniques and market intelligence to help clients compete.

Traditional reinsurance solutions include proportional and non-proportional reinsurance/retro placement covering a wide range of underlying risks such as life, disability, personal accident, travel, sports, medical, long term care and more.

How Gallagher Re's Traditional Life, Accident and Health Reinsurance teams add value

We add value through the following services.

Understanding of risk appetite and key performance indicators (KPIs), from which we will benchmark all potential reinsurance structures against.
Reinsurance optimisation. We perform both qualitative and quantitative analysis on your current reinsurance programme(s) to assess where the approach taken could be more effective.
Reinsurance structure design. Taking into consideration the KPIs and the current market dynamics, we design a tailored reinsurance solution to address the risk effectively.
Conducting a peer comparison and market analysis.
We have vast in-house catastrophe modelling and actuarial capabilities to support you. For example, we could support you in quantifying the pandemic and terror exposure inherent in your portfolio.
Placing and renewing the reinsurance programme, including:

Key messages and developing a clear data pack
Negotiation to get best market terms
Back-office work: e-signature, accounting, legal, etc.

Annual studies post renewal and relationship management
Support in the claims management process

Delivering life, accident and health solutions across the globe

As a global product group, we have local expertise across all regions of Gallagher Re and provide solutions for insurers around the world.

Our North America reinsurance team

The Accident and Health practice in North America provides risk management vision, advice and best practices grounded in hands-on experience.

We focus on:

Managed care; medical stop loss; provider excess; group life, accident and disability; and group life catastrophe
Risk issues identification, quantification and abatement covering value proposition, distribution strategy and operations
Best practice assessment and recommendations
- Process/operations
- Oversight — metrics, measurement and analysis
- Pricing, underwriting, claims and reserving
New product expansion initiatives

Complementing our existing range of analysis and decision-making tools, including Gallagher Re's own claims benchmarking data, our actuaries and research teams are constantly developing new techniques and market intelligence to help clients compete in this challenging market.

We help clients develop smarter reinsurance designs with lower costs and more comprehensive cover that:

Strengthen business operations and financial performance. We deliver tools, training and support to improve risk management and operational performance. We help improve results in claims and underwriting and enhance business performance measurement and monitoring.
Reduce and eliminate risk management issues to improve product competitiveness and manage financial volatility.
Define a clear roadmap to resolve financial, service and growth issues.

Our UK reinsurance team

Our team has extensive knowledge and experience within the UK market, advising and placing a range of solutions.

Life, accident and health encompasses a broad array of underlying coverages which can impact clients on a risk and catastrophic basis.

Purchasing reinsurance helps to protect against volatility and attrition.

We have a diverse array of product and structure experience as well as relationships around the world to ensure our clients get best-in-class reinsurance advice and placement execution.

Our products:

Kidnap and Ransom
Credit Card
Life
Accident Medical
Sports/Entertainment
Group Personal Accident (PA)/Group Accidental Death and Dismemberment (AD&D) — basic, voluntary and business travel accident)

Pension Fund/Superannuation Protection
Common Carrier
Pandemic
Travel
Keyman
Aviation
War Risks

Our placement methods

Managing General Underwriter (MGU)/Binder
Excess Catastrophe Cover
Aggregate Excess of Loss/Stop Loss Protection
Quota Share
Retro

We have specialist life, accident and health expertise to assist clients with risk quantification, including catastrophe, pandemic and terrorism modelling where we can support clients in quantifying the risk inherent in their portfolio, and developing the optimal reinsurance cover to meet risk appetite and other requirements.

We work closely and collaborate with Program Solutions, a dedicated team of full-time, MGA-focused advocates delivering product and capacity solutions for delegated authority platforms across the globe. These include reinsurance such as Quota Share, Excess of Loss, Stop Loss and Facultative structures to source additional capacity for clients.

Our International reinsurance team

The International team, covering EMEA, Asia Pacific and Latin America, offers advisory services as well as reinsurance execution expertise to support our clients' strategic goals.

Reinsurance goes beyond basic risk transfer; it can benefit you in a number of ways:

Balance sheet protection and stabilisation
Ceding unwanted risk
Limiting exposure to peak risks and risk accumulation
Increasing capacity to write new business
Access to underwriting assistance

We have experience placing a range of traditional reinsurance solutions for both group and individual risks, on a proportional and non-proportional basis, including:

Quota share
Catastrophe excess of loss
Stop loss

Excess of loss per head/risk
Surplus

Our life, accident and health team has the necessary skills and expertise to help clients in evaluating and quantifying risks. This includes our catastrophe and pandemic modelling capabilities, where we use in-house or vendor models to analyse the risk and impact of events on a client's P&L or balance sheet, and make tailored recommendations for the most suitable coverage that meets client needs.

Our team also has strong connections with international reinsurance markets and ensures constant engagement with them to better advise clients on placement strategy and which markets will be best placed to address their needs.

Meet the Traditional Life, Accident and Health Team

MEET THE TEAM