Pilot Re Consulting

Solutions 

Pilot Re Consulting offers a range of insurance advisory, underwriting and risk management consulting services, including:


Benefits Advisory consulting for Voluntary Benefits.


Voluntary Benefits include: Accident, Cancer and Disability plans - please contact Chip Adams to further discuss Voluntary Benefits.

 

Property, Casualty and related insurance underwriting, analysis and risk management - either for project consulting; or as a fully outsourced risk management solution to support insurance needs.

 

Captive optimization: feasibility of building an insurance captive, design, implementation and ongoing management of a captive.

 

Insurance optimization strategies to refine or improve (re)insurance operations, improve profitability, increase efficiency.

 


Pilot Re works independently, or with other insurance professionals and is networked with insurance professionals who bring additional skill sets and expertise to each project engagement.


Example projects are outlined below.

Risk Management


All lines P&C, including Workers Compensation, D&O, ERISA, outsourced Risk Management support to major Commercial Real Estate company during market dislocation due to CAT and terrorism events; full support during acquisition of significant portfolio for combined $8 Billion total asset portfolio; led broker RFP, captive management, supported ultimate sale of portfolio, then worked with legacy management team to support insurance of new properties and new entity.


2006-2011: Pilot Re Consulting: 6 years – ongoing engagement

 

Project Accomplishments:

  • Successful results with outsourced model instead of additional headcount during transition
  • Alignment of experience and expertise with need (instead of lesser experienced RM)
  • Effective use of captives to execute strategy and build value
  • Overall cost – benefit advantages for insurance support

Captive Feasibility, Formation and Management


Evaluated, designed and formed CAT and terrorism captive for large commercial real estate company, providing economic cost-benefit analysis and full financials during formation. Researched and recommended U.S. state domicile; provided management of underwriting and captive operations for two years.


2006-2011 -project principal during REIL Management Group operations


Project Accomplishments:

  • Full support to company captive strategy
  • Value created through successful captive implementation
  • Fulfilled financial objectives – insurance cost savings 

Underwriting Department – Review & Analysis


Underwriting department review proposal to assess and analyze company Underwriting Guidelines, Field Underwriting adherence to and use of guidelines, field UW understanding of guidelines, compliance with procedures and guidelines established by company.

  • Identify compliance deficiencies across UW branch system
  • Identify individuals and areas of non-compliance within Field Underwriting staff
  • Identify topics and subjects needing training support
  • Update and refine Underwriting resources to streamline procedures & processes


2010 - Pilot Re Consulting, with 2-3 month engagement


Project Accomplishments:

  • Beneficial for planning training; confirming compliance
  • Independent analysis from neutral party
  • Focused project, with specified objectives and outcomes