Our Services

 



 

Enhancing profitability

We pride ourselves on our reputation as a market leading services and outsource provider, enhancing our clients’ profitability.  Our innovation allows us to remain at the cutting-edge of market progression, and deliver unique business solutions, tailor made to fit our clients’ needs

 

Premium Collection and Control
To provide a premium collection and control service that will accelerate cash collection and improve controls for all underwriting years of account

Old Year Premium Collection
To accelerate the collection of old years premiums that have been identified but not yet collected

Coverholder Assessments
Proposed coverholder reviews to establish knowledge, controls, experience and resource capabilities

Coverholder Monitoring Assessments
Reviews to establish whether a coverholder continues to demonstrate the necessary knowledge, skill, controls and experience, to effectively manage its binding authority, and a review of underwriting & claims activity, and profitability

Reinsurance Recoveries
To ensure that all reinsurance recoveries are settled in a timely manner

Outward Reinsurance Management
Manage the outward reinsurance function, encapsulating transaction production, administration, and timely processing

Outstanding Loss Reserves
Review of outstanding historical loss reserves, to establish an accurate position of the number of losses outstanding, and their loss reserve values

Loss Funds
Repatriation of redundant loss funds. Monitoring of active loss funds

Risk Management Control (RMC)
Identifies a firm's level of compliance with regulatory standards, and the communication effectiveness between Board and staff

Compliance Outsourcing & Market Reform support
A compliance resource to deliver all necessary elements of the compliance function, incorporating Market Reform initiatives

Business Process Review
A systems process and procedural review to identify efficiency improvements and profit enhancement opportunities

Client Health Check
The Healthcheck determines the opportunities to improve cash flow, enhance profitability, minimise exposure and streamline processes

Commutations & Debt Purchase
To assist our clients to establish those reinsurers with whom it may be beneficial to consider commutation negotiations

Broker Performance Review
To enable our clients to make informed decisions on trading partners based upon quantifiable operational and financial targets

Premium Payment Reporting
Reports providing London market organisations with the tools to measure and monitor the Key Performance Indicators (KPIs) for premium processing and payment

26th January 2009 - LMA CEO David Gittings appointed Non-Executive Director of JMD

7th November 2008 - Beazley Group reappoint JMD

30th October 2008 - JMD links up with Xchanging to deliver improved premium payment processing

Useful Links

R&Q Investment Holdings
FSA
IUA
LMA
LIIBA
Lloyd's

JMD is an associate member of the



Lloyd's Market Association
JMD Specialist Insurance Services Limited, Registered in England & Wales. Registered Office: 110 Fenchurch Street, London, EC3M 5JT. Company No: 4290090
JMD Specialist Insurance Services Group Limited, Registered in England & Wales. Registered Office: 110 Fenchurch Street, London, EC3M 5JT. Company No: 4577053
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