Commutation of Benefits
'Our mission - delivering quality of decision and best practice to UK and international clients.'
Overview
Actively managing commutations can dramatically reduce costs and liabilities, improve claims function performance, reduce reserves and most importantly provide the client with a clear settlement leading to peace of mind, financial stability and no requirement for continuing assessment/re-assessment.
By using ORS the project can be contained within one dedicated team who will utilise their strong project leadership skills, experience of working with many different claims philosophies and bring with them previous experience of similar projects.
Benefits
ORS believe commutation creates a win/win situation for all parties concerned, here are some of the benefits.
The Customer
Lump sum payment with no need for ongoing reviews
The People
- Assessors time freed up to focus on active management of relevant cases
- Administration of permanently valid claims simplified or removed
- Improved skills and experience
The Finances
- Greater understanding and focus on Liability/Reserve
- Impact on bottom line - Reserve savings, Intangible costs