THIRD PARTY ADMINISTRATION
MGB as your TPA
MGB prides itself on providing superior third-party administration solutions. Dedicated to the London and North American market, organizations with high deductibles and self-insured risks, our team provides exceptional technical capacity, competency and commitment. We have the expertise and knowledge to custom design a program suited to your needs.
We utilize a network of Adjusting Firms across Canada and the U.S. which enables us to offer National coverage without compromising quality. This model ensures that the best adjuster suited to service the client’s needs is utilized regardless of corporate affiliation. Our examiners have years of experience in their various fields which allows them to effectively control the claims process.
We are committed to offering our clients outstanding and innovative third-party administration solutions, highly specialized expertise and superior quality in:
Captive Insurance Management
Trust Account Management
At MGB, we pride ourselves on our ability to provide our clients with peace of mind. We offer an end to end TPA solution. We are well versed with the Market Strategic Claims review which led to the claims transformation program (CTP) and the key performance indicators that resulted from it. As your TPA we will work with you to ensure we capture and report on the requisite data including:
- Reserve accuracy
- Static reserves
- File management
- Nil reserve claims
- Expert Management
- Catastrophe Management
MGB Systems and Reporting
Our systems are state of the art and entirely web-based which allows us to manage every aspect of a claim from assignment through to final archiving. Our comprehensive reporting capabilities preserves data integrity and facilitates information flow to all stakeholders
Our reporting capabilities enable us to provide requisite data in accordance with insurer specific requirements and Lloyds minimum standards, version 5 bordereau reporting and comprehensive SLA reports customized to meet the needs of individual insurers, syndicates, MGAs, brokers and coverholders.