Scheme Strategy Wp 2008 10

This white paper discusses eight strategies for policyholders to realize higher returns on schemes of arrangement. Schemes of arrangement are agreements between insurers and policyholders in run-off that establish a deadline for submitting past, present, and future claims. While originally for insolvent insurers, schemes are increasingly used by solvent insurers in run-off to achieve finality. Due to a rising number or schemes and business fragmentation, policyholders need strategies to efficiently determine applicability and minimize costs of submissions. The white paper outlines conducting comprehensive policy reviews, leveraging past submissions, reviewing scheme documents strategically, and considering alternative dispute resolution to reduce expenses and maximize potential returns.