The rate of inflation over the last three years has drastically outdated and outpaced the tried-and-true premium billing model used for decades. Insurance companies are suffering staggering surplus losses helping their customers rebuild their lives due to increased construction costs at every level. Is your risk-based capital ratio under pressure? Do you have an outside agency rating on the verge of a downgrade because of stresses on your surplus? Are you experiencing cost overruns currently with your selected vendor upgrading your accounting, communications, and billing software infrastructure? All these costs pull at surplus currently under duress.
Commercial Funding Partners will work with statutory accounting principles (SAP) and the National Association of Insurance Commissioners (NAIC) rules and guidelines to help convert the non-admitted assets eligible for conversion to surplus. This can instantly give you the boost you need to mitigate these challenges.
Our Non-Admitted Asset Financing program is designed to help insurance companies secure necessary financing by leveraging assets that are typically non-admitted under statutory accounting principles. Whether you want to enhance liquidity, support reinsurance activities, or invest in new technology, our financial solutions provide the flexibility and support you need.
Unlock additional liquidity from non-admitted assets to fund operations or strategic initiatives.
Improve financial metrics and manage regulatory capital requirements more effectively.
Access funds that provide a buffer against market volatility and regulatory changes.
Tailored financing structures that meet the unique needs of insurance companies.
Insurance companies that handle property and casualty matters often encounter claims especially following natural disasters or in high risk regions.
Businesses, within this industry may utilize traditional assets to manage the financial risks linked to sudden spikes in claims or changes in healthcare coverage regulations.
Companies might seek funds to handle long term obligations and commitments to policyholders finding traditional asset financing attractive.
Reinsurers, who offer insurance to insurers typically need capital reserves to oversee risk diversification and ensure financial stability.
This type of insurance covers cargo, vessels and maritime properties with risks and highly variable market conditions.
Similar to insurance aviation insurance addresses high value assets and potential severe losses requiring financial support.
Given the evolving cyber threats landscape insurers specializing in this field confront potentially significant liabilities that call for financial solutions.
Providing coverage against risks often entails exposure and claims that may surface years after policy issuance underscoring the importance of access, to capital resources.
Firms that provide surety bonds, which serve as a guarantee, for the work of contractors in construction and other sectors might consider utilizing traditional asset financing strategies to effectively handle risk concentrations.
Specialized insurance companies that offer coverage for incidents, like hurricanes, earthquakes and floods could opt for traditional asset financing to ensure they maintain adequate funds to cover significant claims.