TurnStone has several highly experienced claims professionals that can provide Claims Oversight and Commutation Services.

Claims Oversight would involve the monitoring, review, and management of claims throughout their lifecycle to ensure proper handling, accurate reserving, and compliance with policy terms and regulatory standards. This service would help you optimise claims management, mitigate fraud, and improve operational efficiency.

Commutation services is the process of settling or finalising outstanding liabilities, typically through a lump-sum payment or negotiated settlement, often in the context of reinsurance or long-tail claims. By providing strategic solutions to close claims, commutation services help companies reduce uncertainty, release reserves, and manage their balance sheets more effectively.

Both services work together to enhance an insurer’s financial stability and ensure that claims are managed in a timely, transparent and cost effective manner.