Case Studies

Scyllogis Consulting has helped our Customers within the Insurance sector continue to achieve significantly higher levels of business performance from their IT systems. Read how we have worked with some of these Customers to achieve significant business results across the world, in our Case Studies ....

Consulting Expertise

Despite all of the articles and books on the topic, companies today are no more effective at delivering on large-scale change initiatives than they were 20 years ago. In a recent survey, 70% of the companies said their change management initiatives did not deliver the expected results. That success rate was unchanged from similar surveys conducted in the 1980's and 1990's. And the environment for change is only getting more complex.  Read more .......

Our People
At Scyllogis Consulting all of our consultants have significant experience gained from within the Insurance market. Our people and our culture are our greatest assets. We only select people with relevant experience, intelligence, integrity, passion and the ambition to make a mark and deliver to our Customers the Scyllogis brand values of practical, results based consultancy. Our Consultants are pragmatic and open minded. That is why we deliver solutions that others dont.....  Read More
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Glossary of Terms
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Agreed business plan

A syndicate business plan that has been approved by or on behalf of Lloyd’s Franchise Board. No managing agent may underwrite for a syndicate without an agreed syndicate business plan. Agreed syndicate business plans may be amended with the agreement of the Franchise Board or someone acting on its behalf.

Agreed value policy

An insurance contract under which the insurer agrees to pay the insured a stated amount in the event of the total loss of the property insured without any adjustment for depreciation or appreciation.

Aggregate

Total (limit of indemnity, premium, retention etc).

Aggregate excess of loss reinsurance

A form of excess of loss reinsurance in which the excess and the limit of liability are expressed as annual aggregate amounts.

Aligned Member

A corporate member of a syndicate that is directly or indirectly owned by the same firm that owns the managing agent of the syndicate.

All risks

A property insurance which covers any accidental loss or damage that is not specifically excluded under the policy.

Allocated Capacity

This may refer to a member’s allocated capacity or syndicate allocated capacity.

Annual accounting

The reporting of syndicate results on a calendar year basis with profit taking being restricted to earned premiums.

Annual venture

This term refers to the reconstitution of a syndicate as an annual business venture where insurance and reinsurance business is written on a year of account basis.

Appreciation

In the context of property insurance an increase in value of the property insured.

Approved person

An individual who has been approved by the Financial Services Authority (FSA) to perform a FSA controlled function for an authorised person. 

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Last Updated ( Tuesday, 26 February 2008 )
 
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