A new research report available from The Insurance Institute of London

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One of the major challenges affecting insurers and reinsurers in markets world-wide is how best to deal with businesses in run-off, or the management of discontinued underwriting portfolios within live organisations.

This publication deals with the practical drivers for the decision to go into run-off and the commercial and legal implications of that decision for all interested parties. It looks at both the separate and overlapping issues that arise in three distinct scenarios - the run-off of a portfolio within a live organisation, the run-off of an entire operation and an insolvent run-off. It also considers the particular issues that arise out of "pooling" arrangements, the problems and practical issues surrounding inspection of records in the run-off context, the regulatory implications of a decision to go into run-off, the possible "exit" strategies that a run-off manager might adopt and the US perspective on the legal implications of a run-off.

This publication is designed to assist, among others, those responsible for managing run-off to understand better the dynamics of the environment under which the business of run-off is conducted. Its contributors include market practitioners, accountants, lawyers and other specialist service providers who all have an interest in run-off practice and it is hoped that the broader audience for this publication will cover the same range of interest groups.

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