Aon Inpoint identified over $20 million in missed and under ceded reinsurance and discovered gaps in systems and processes.
Client Situation
The client???s premium, claim and reinsurance data resided in four different systems with over one million claims to be reviewed valued at $85 billion direct incurred.
Aon Inpoint???s Solution
- Partnered with client IT staff to identify, isolate and transfer required data
- Used proprietary predictive analytics technology to analyze data
- Performed detailed review of potentially missed or under ceded claims identified in analytical process and submitted screened claims to client for validation
Aon Inpoint Delivers Distinctive Client Value
- $20.8 million confirmed missed reinsurance recoveries
- Positive P&L impact of $17.3 million in paid recoverable claims, $2.6 million in ceded loss reserves
- The ReFinder process confirmed that the company had captured 99.97 percent of potential cessions
Causation Analysis by Claim Count
| Missed Claim Causation | # of Claims | Client Validated Amount in Millions |
| Coverage Decision | 98 | 11.9 |
| Wrong Retention | 38 | 6.5 |
| Claim Reallocation | 145 | 2.6 |
| Premium Coding | 10 | .69 |
| Calculation Error | 35 | .34 |
| Total | 326 | 22 |


