Claims provide critical data that helps us assess and understand people’s risk profiles. By analysing trends and frequencies, we can create more accurate underwriting criteria and pricing models.
Holding ourselves to a high claims management standard necessitates that we properly reserve for potential claims. This has a positive impact on our financial health, whilst minimising downtime for you in the event of a large or unexpected claim.
Our reputation is only as good as our claims handling. That’s why we handle all claims fairly and efficiently. These trustworthy practices ultimately foster strong relationships, which in turn promotes long-term partnerships and repeat business.
A more efficient claims process lowers everyone’s administrative costs and improves turnaround times. That’s better for customer satisfaction, and allows all parties to do more with their resources.
Sometimes prevention is the best cure. By analysing claims data, we can proactively work together to develop loss prevention and mitigation strategies. This is proven to reduce the frequency and severity of future claims, which is good for all involved.
Ineffective claims processes can have a direct impact on the bottom line of both the reinsurer and their cedents. Inversely, effective claims management can minimise disruption to both, and preserve everyday business operations.
It’s no secret that the reinsurance industry is exposed to the risk of catastrophe-level losses. That’s why Mekong Re has an extremely robust suite of risk management strategies in place — to ensure smooth, seamless processing in the event of even the biggest claims. We also regularly stress test our portfolio to assess our resilience to potential loss scenarios — allowing us to adjust our underwriting and risk management strategies accordingly.
By carefully selecting the risks we expose ourselves to, diversifying and analysing those risks, and by leveraging risk transfer mechanisms (such as retrocession), we’re poised to offer a steadfast claims process, no matter what.
Our claims team are highly experienced and professional. We conduct a deep review of every claim that comes to us, and provide a communicative service to our clients of the highest possible quality.
Using cutting-edge software, we ensure that we’re always on track with every claim, and we’ll keep you up to date on how your claim is progressing at every step until it has been paid out.
Every claim is important to us. You can submit a claim 24/7, 365 days a year.
Make a ClaimWorking at Mekong Re is fast and dynamic. It’s diverse and inclusive, and provides a world of possibility for advancement and innovation — all while helping people to look after the things they care about the most.