Legacy Block Management

DMS provides superior legacy block management services by delivering expert risk management with cost effective administrative services enabled by our proprietary systems.

  • Individual Disability Income
  • LTD Reserve Buy-outs
  • Life Premium Waiver
  • Long-term Care

DMS’ block management leverages its experience and resources in the following disciplines:

  • Billing & Collection
  • Customer Service
  • Actuarial Support
  • Reinsurance Reporting
  • Financial Reporting
  • Claims Management
  • Legal & Compliance
  • Audit
  • Information Technology

DMS has extensive experience and a proven track record converting large and complex blocks of business.

Example #1 – Client with Individual Disability Income 

IDI business profile at time of conversion:

  • 88,000 Individual DI Policies In-force
  • 3,000+ Open Claims
  • $173mm Annual Benefit Payments
  • 35,000 Claim Records
  • 1,000,000+ Payment Records totaling over $1 billion
  • 100+ Distinct policy forms dating back to 1961

Functions Assumed:

  • Claims Management
  • Policyholder Services
  • Change Underwriting
  • Data Processing
  • Actuarial Support
  • Litigation Management

EXAMPLE #2 – Client with Group LTD Claims

Business profile at time of conversion:

  • Approximately 3,000 Group LTD Claims
  • 70+ ceding insurers
  • Complex Reinsurance Structures
    • 3 distinct facilities
    • 7 reinsurers; 3 retrocessionaires
    • 26 Distinct policy years
    • Unique mix of reinsurers and split of risk

Functions Assumed:

  • Claims Management
  • Valuation
  • Reinsurance Reporting
  • Experience Reporting
  • Litigation Management
  • Compliance
  • Data Processing
  • Benefit Disbursement & Reconciliation of Cash Flows