Services ... to Insurance Firms

   ... Legacy Portfolio Management

Background
The Client had a small book of legacy pension policies that were un-economic to administer. Pension business was not a core business area and they lacked the experience to administer the business in-house. Previous attempts to transfer the business to another provider had met with limited success. PMC was asked to consider administering the portfolio on an outsourced basis.

PMC Response
We assessed the portfolio and the processing requirements. It quickly became apparent to us that the book of business was uneconomic for the Client - whether administered in-house or outsourced. The proposals we presented to the Client included outsourcing costs but also suggestions for addressing the key issues.

Client benefits

·	A problem based response to the Client needs

·	Long term solutions rather than short-term fix

·	Analysis of the technical and regulatory issues of continuing to process non-core  business

Services .... to Insurance Firms