Insurance Policyholder Reunification
Ensure compliance by finding unresponsive holders.
Provincial regulators are scrutinizing internal practices and becoming vigilant on applying penalties and fees to Insurers that don't have a robust Insurance Policyholder Reunification program in place. Insurance Firms have encountered staggering costs and increased strain on internal resources associated with successfully completing the necessary efforts mandated by most Province's Unclaimed Property departments.
Laurel Hill’s Asset Recovery Center assists with identifying dormant or deceased accounts, locating policyholders and reuniting them with their assets. In doing so, our suite of services provides a cost effective solution for insurers to manage the extraordinary efforts needed to adhere to the ever changing unclaimed property landscape.
Our Policyholder Reunification program reduces an Insurer's Escheatment obligation, provides effective risk mitigation and promotes good Corporate Governance by communicating and assisting a "lost" Policyholder reclaim their assets.