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Insurance Management
Appleby serves as Insurance Manager and Principal Representative for all classes of insurance companies registered in Bermuda and Mauritius. We act as liaison with the local regulatory authorities, advising and assisting clients with all financial recording and reporting requirements across multiple jurisdictions.
Our broad and detailed knowledge of the entire financial needs of offshore insurance businesses ensures we leave no stone unturned. A professionally qualified accountant is assigned to each of our clients as primary contact to coordinate the services required to operate an efficient captive insurance company.
We have established relationships with local and global business service providers, banks and law firms, and are happy to work alongside the selected investment
managers.
Our primary services include:
- Day to day administration of insurance documents, collection of premiums, payment of claims, investment management, premium calculation
- Producing periodic management accounts designed to provide useful management information, allowing the manager to monitor conformation with jurisdictional statutory requirements
- Producing annual financial statements
- Preparing the annual statutory financial return to be audited and filed within strict deadlines in the jurisdiction
- Providing Officers and Board Members
- Liaising with the insurance regulators of the jurisdiction
- Liaising with claims adjusters, brokers and underwriters
- Liaising with external auditors
- Selecting appropriate accounting software to stand alone or link with clients’ systems
These services are provided through the following entities:
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