Underwriters and Insurance Companies

Broker Replacement Services (including expert fee and indemnity collection

Underwriters instruct us on a regular basis to collect fee invoices for submission to the experts they have appointed. It is widely known that the majority of brokers no longer collect expert fees. To ensure the expert is paid without delay, we provide the service and vehicle to alleviate such problems.

Senator also provides a broker replacement function for the outwards books of business of underwriters and insurance companies or those seeking a new vehicle to resume or improve their current collection function.

Too often the broker of record lacks the appetite to service aged and legacy books of business and will concentrate resource on their current clients. Senator are able to replace the broker and resume the indemnity collection process.

Our services include:

• Advice presentation.
• Claims/premium function.
• Query/credit control function.
• Account reconciliation.
• IBA management and banking operations.
• Static claim maintenance.
• Commutation negotiations.
• Ad hoc services as requested.