CreditRe provides consulting and actuarial services for lenders, insurers, reinsurers, producers, and producer-affiliated reinsurers involved in risk transfer of debt cancellation contracts, debt suspension agreements, GAP and other debt waiver contracts, vehicle service contracts, wireless equipment insurance, and all credit-related insurance.

CreditRe Core Capabilities Include

• Developing historical or projected benefit costs to facilitate product pricing
• Analyzing risk presented by contract features or benefits
• Providing risk management solutions in product design to mitigate adverse selection
• Providing risk transfer strategies

Additional Capabilities and Services

• Providing expert witness testimony in litigation and arbitration
• Teaching technical information to industry professionals via
  • Industry conferences and seminars
  • Custom designed on-site presentations

Among our clients are five of the top ten banks, the largest credit union in the world, the largest wireless product insurance administrator, and several of the largest VSC and GAP marketers, insurers, and administrators.

Client Services Include:

• Analyze historical loss experience of any product in the debt protection or vehicle protection product set

• Estimate loss costs for product pricing of consumer-level transactions, risk transfer agreements, or new concepts

• Evaluate risk transfer or risk management solutions for any product in the debt protection or vehicle protection product set

• Recommend and opine on the appropriate reserve methodology and reserve level for any product in the debt protection or vehicle protection product set

• Design or redesign existing industry products, variations on existing products, and new concepts

• Draft contractual documents for the consumer-level transaction, such as a debt protection product addendum, a GAP waiver, an insurance policy, a vehicle service contract, or other obligor contracts

• Draft risk transfer contractual agreements, such as contractual liability insurance policies (CLIPs), reinsurance contracts, and custodial trust agreements

• Draft, prepare, and file insurance policy form and rate packages for CLIPs and for consumer-level insurance products, such as GAP insurance, credit P&C insurance, wireless equipment insurance, and credit life and disability insurance

• Value insurance companies or particular blocks of business

• Issue formal actuarial opinions for insurance and reinsurance companies to comply with regulatory requirements

• Prepare federal income tax returns and supporting statutory accounting financial statements for offshore insurers and reinsurers

• Issue formal expert opinions for use in lawsuits, reinsurance arbitrations, mediations, and other dispute resolution venues

• Educate the industry through publications, industry meeting presentations, CreditRe seminars and conferences, and in-house presentations