The transition to run-off is one of the most difficult phases a (re)insurance business has to deal with. The fundamental drivers of the business change and new strategies and operational practices have to be developed. The discontinued business is no longer "core" and additional management skills and resources are required to effectively manage the change.

Quest Consulting's Service

• Quest Consulting can draw on first hand experience of successfully managing the transition process.
  
  
• Quest Consulting can advise on:
  
  

  1)		maximising reinsurance recoveries and cash flow;
  2)		implementing a pro-active commutation strategy;
  3)		policies for the retention of key staff and knowledge;
  4)		systems development to clearly control counterparty relationships and provide the necessary management information in a run-off environment;
  5)		implementing a pro-active claims handling strategy to minimise claims costs.

• In addition to assisting in the transition phase, Quest Consulting can advise on and implement a full range of finality solutions for the discontinued entity or portfolio. Early business planning in this area is essential.

Quest Consulting's commitment

• To work closely with clients to manage the change process effectively and professionally, protecting the interests of all stakeholders and setting the most appropriate framework for the run-off of the business.
  
•