Placing the client’s individual needs at the centre of our process, Omnia focuses on delivering audit review solutions for Lloyd’s and Company markets.
Placing the client’s individual needs at the centre of our process, Omnia focuses on delivering audit review solutions for Lloyd’s and Company markets.
Omnia Capability Statement
Discover our company's full potential with our capability statement.
Please fill out the fields below to download your copy.
"*" indicates required fields
Coverholder & TPA
A significant part of the business for Omnia Audit is traditional Audit reviews of both Coverholders and Delegated Claims Administrators (DCA’s). Omnia Audit reviews are based on the latest Lloyd’s audit scope (for both underwriting and claims) unless directed otherwise by the client. Omnia Audit review reports are tailored for each client and each BAA reviewed, recognising that every managing agency has their own specific requirements.
Pre-engagement review
On behalf of Underwriters, whether for Coverholders or DCA’s, Omnia Audit will review the business entity and provide an overview on their operation, staffing, underwriting, claims handling, systems, compliance and governance. Our pre-engagement review will outline these specific areas and, if necessary, provide overall recommendations for any improvements or highlight any relevant concerns prior to engagement. Omnia Audit will also use its skill and expertise to ensure that the processes area as close to best practice as applicable for the entity. The Omnia Audit Team will utilise their knowledge to recommend practical working solutions in response to any issues identified.
Other Omnia services
The following range of ancillary services are also available to our clients.
Independent expert claims peer reviews
Aside from DCA claims reviews, we have extensive experience in terms of internal claim reviews for and on behalf of (re)insurers, managing agents and brokers.
Underwriting exit reviews
When a relationship terminates and the Coverholder will no longer be underwriting on behalf of an insurer, a review is often beneficial to ensure good compliance with the underwriting parameters prior to the cessation of authority and minimises surprises in the future.
Reserving reviews
Secondary validation of the overall value of a portfolio reserve, usually evidence based via selected file reviews.
Reinsurance reviews
To check on the suitability of reinsurance purchased for the portfolio written and the accurate and focused management of payments and collections.
System reviews
Overview of the suitability of systems for the management of the organisation and effectiveness of the day-to-day use of the existing functionality, leading to an understanding of additional requirements on a needs-based approach.
Transform your business with
our market-leading audit review services
© 2023 Omnia Audit. All Rights Reserved.
This website contains general information and does not take into account your individual objectives, financial situation or needs. Any advice contained in this website is General Advice. Before acting on any of the information included in these articles you should consider whether it is appropriate to your particular circumstances, alternatively seek professional advice.