Insurance Disputes

Insurance Claims Closed Faster and Reserve Spend Reduced

The work of an insurance claims handler is rarely straightforward.

Claims come in faster than they close, there are multiple third parties to manage, quantum considerations, reserve amendments, managing broker and Insured relationships, internal management reporting, Market meetings, targets, internal policies and wider insurance business considerations (to name but a few).

So what happens when all the plates don’t continue to spin at the same time? Well, there are a range of consequences – from business objectives not being met and claims handlers working longer hours to increased pressure from brokers and Insureds. Claims handlers may not meet targets, and there may be a wider impact on the business.

A primary bottleneck for insurance claims is where external lawyers are appointed. It doesn’t need to be that way and more often than not, this is caused by a lack of claim progress or the lawyer’s systems and processes being designed for low value high volume claims and not the complexities of the specialty market which requires a much more flexible approach.

Tenarys Law is the solution.

How Can Tenarys Law Help Insurers?

Simply: by helping you close more files faster and reducing Reserve spend.

At Tenarys Law, we call it the Commercial Management of Insurance Claims.

The result? You close more files, more quickly, enabling you to progress the files you have to work on efficiently and in a manageable way. You will have more time to progress other files properly.

Tenarys Law are experienced in acting for Lloyd’s, London and Company Market Insurers. We are a City of London based law firm with City service levels.

Our systems enable us to tailor our service to your, and your Insured’s commercial needs.

Whether you need:

• a complex claim requiring a clear strategy to conclusion;
• multiple claims arising from a single incident settled quickly for a key Insured;
• a point of principle which could open the floodgates for a variety of other claims robustly defended;
• a sensitive approach to protect your Insureds’ commercial relationships;
• Group/class action claims requiring sensible management on an individual or generic basis or a specific claims handling protocol prepared; or
• a number of claims frequently brought to be disposed of quickly with predictable results for wider reserving purposes.

Tenarys Law have the experience and strategic insight to improve your performance and claims data.

Expertise

Tenarys Law are experts in the full range of insurance disputes including:

• Third party liability defence and recovery claims;
• Primary liability recoverable claims;
• Insurance policy coverage disputes; and
• Claims Portfolio audits.

Our key areas of insurance expertise are:

• Professional Indemnity Claims;
• Construction Insurance Claims;
• Medical Negligence Claims;
• Personal Injury Claims;
• Property Damage Claims;
• Product Liability Claims; and
• Subrogated Recovery Claims.