|
 |
|
|
Asset/liability structure
not appropriate |
 |
 |
|
| Little or no premium income |
|
|
|
Difficult collection of receivables from
reinsurers and retrocessionaires |
|
|
|
| Administrative expenses (incl. IT and personnel) too high |
|
|
|
| Liquidity drains too fast |
|
|
|
|
|
| No clear exit strategy |
|
|
|
Organisational and process structures
not appropriate |
|
|
|
| IT infrastructure not adequate |
|
|
|
| No presence in foreign countries |
|
|
|
No adequate treaty and
claims documentation |
|
|
|
Claims management
not appropriate |
|
|
|
|
|
|
|
|
|
Loss of key staff and their
portfolio know-how |
|
|
|
Interference with active business in
case of a partial run-off |
|
|
|
Danger of run-off losses and
non-transparent volatile exposure |
|
|
|
Subjective risk aggravated by
ceding companies' behavior |
|
|
|
Duration of run-off activities
cannot be foreseen |
|
|
|
|
