Run-off Administration

DCS can also assist in the ‘running-off’ of specific schemes or whole business portfolios. Our bespoke claims system is statistically driven to ensure management receive whatever data they may need as often as required.

In 2003, DCS assisted Abacus Syndicate 2525 with the run-off administration of their professional indemnity business (2000-02).

Following an initial review of the existing claims data as well as the business generally, DCS put forward a business plan with pro-active claims administration at the forefront, the intention being to effect resolution of all outstanding claims in the shortest possible timeframe.

The costing was agreed in conjunction with the Syndicate’s needs and was ultimately proportioned over a 4-year period payable quarterly in arrears.

In less than 2 years, Abacus have seen their outstanding claim numbers drop by over 75%

For further information regarding our services in this field please click here.


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