Advantages

What we can do for you: leverage advantages

Together with you, we draw up a transaction structure which foresees full or partial transfer of the Run-off to us. This enables us to react flexibly to the needs or requirements of your insurance company. Within the scope of each transaction, binding standards are agreed with the respective insurance company in order to ensure protection of the company’s reputation – for example vis-à-vis existing client relations.

In this, the scope for an adequate solution is as broad as our range of services. For example, depending on the situation, claims processing can be regularly handled by DARAG, remain with the transferring insurer or even be outsourced to third parties. In such cases, DARAG manages claims handling and ensures that the agreed standards are met. In the case of a portfolio transfer, DARAG is also prepared to take on staff from the transferring insurer.

Our services: an overview

• Full assumption of the underwriting risk by DARAG
• Short-term transaction process with maximum attention
• Competitive and transparent bid
• Complete operational transfer is possible but not obligatory
• Binding agreement of handling standards
• High level of reputational protection
• Comprehensive solution under company law
• Transparent agreement of compensatory payment

Your advantages: an outlook

• Complete finality and safeguarding against risk for the transferring insurer
• Finality through transfer: complete divestment of claims risks through the transaction to DARAG
• Operational relief through transfer of claims handling
• Hedging against subsequent reserving risk
• All effects (balance sheet, income statement, cash flow) from the transferred claims portfolio become due at the moment the transaction is effected