LexCapital supports insurance companies with integrated solutions and tailor-made services, using innovative tools and techniques for litigation risk management. The focus on litigation risk is combined with a dynamic approach to the Claims Portfolio and related reserves, always aligned with the specific needs of each insurance company.
CHALLENGES AND OPPORTUNITIES
Optimal management of run-off portfolios and long-tail reserves
The high capital requirements associated with the run-off of certain insurance business lines, particularly long-tail lines, are driving increased interest in diversified—though often costly—solutions for releasing capital, ranging from retrospective reinsurance to legal finality.
The focus on the desired impact on the technical account, the operational implications and the strategic vision of these companies make LexCapital’s solutions a unique opportunity on the Italian market for the proactive, efficient and balanced management of insurance run-off, based on proprietary, exclusive Legal-Tech tools (RischioLegale®).
THE INNOVATIVE APPROACH THROUGH THE RISCHIOLEGALE TOOL
Due diligence phase
The analysis and evaluation of individual claims in litigation, usually carried out by claims management or loss adjusters, is enriched by RischioLegale® with quantitative data useful for managing both the single claim and the entire portfolio. Thanks to this tool, it is possible to mitigate litigation risks and make more accurate decisions.
Technical Reserves Review Phase
In this phase, RischioLegale® can be used for the ordinary and extraordinary review of insurance reserves, estimating, for example, their adequacy or insufficiency. At the same time, it meets the primary need to avoid the deterioration of technical provisions.
Run-off Management Phase
In managing run-off claims portfolios, RischioLegale uses information such as the probability of success, the average duration of litigation, the advisability of settling, and estimated legal costs. This helps speed up claim closure times and reduce costs, especially regarding capital absorption and usage times for both reserves and solvency requirements.
