Insurance Claim Financial Management Services

Clients rely on GCR Advisors professionals to maximize recovery from property and casualty insurance programs. Our risk and insurance experts work with our policyholder clients to accurately and promptly administer, track, analyze, and report claim financial activity.  In this role, GCR Advisors has delivered tens of millions in insurance recovery to clients by interacting with multiple stakeholders including law firms, accounting firms, and insurers. 

GCR Advisors provides comprehensive support to policyholder clients in managing the financial aspects of their insurance claims. We ensure accurate and efficient administration, tracking, and analysis of claim-related expenses, optimizing insurance recovery efforts and maximizing cost savings.

 Our Capabilities

Claim Expense Administration
  • Receipt and processing of legal invoices and other claim-related expenses.
  • Auditing of invoices for compliance with client guidelines and billing practices.
  • Accurate allocation of defense costs among payors (insurers, third parties, client) using established protocols and spreadsheet models.
  • Timely processing of payments to law firms, vendors, and other service providers.
  • Resolution of outstanding receivables and reconciliation of payment records.
Financial Reporting and Analysis
  • Preparation of monthly accruals for in-process bills and presentation to client finance teams.
  • Maintenance of detailed records of claim-related expenses, payments, and recoveries.
  • Generation of comprehensive reports on claim financial activity, including trends and key performance indicators.
  • Collaboration with clients to develop budgets and forecasts for claim-related expenses.
Stakeholder Communication and Advocacy
  • Effective communication and coordination with law firms, accounting firms, insurers, and other stakeholders.
  • Advocacy for client interests in negotiations with insurers and other parties.
  • Proactive identification and resolution of billing disputes and other financial issues.

Benefits of Partnering with GCR Advisors

  • Improved Financial Controls: Enhanced accuracy and efficiency in managing claim-related expenses.
  • Maximized Insurance Recoveries: Strategic support for optimizing insurance reimbursements.
  • Reduced Administrative Burden: Freeing up internal resources to focus on core business activities.
  • Enhanced Transparency: Clear and concise reporting on claim financial activity.

    GCR Advisors is dedicated to providing exceptional service and delivering superior results for our clients.