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Global Processing Services (GPS) |
 GPS
provides our Partner Markets with an easy to use –
one stop – accounting operation that handles ALL
aspects of premium collection and premium
disbursement for all international placements
whether premium is collected stateside, locally or a
combination of the two.
In addition to our traditional underwriting
services, Globex can offer these premium
“accounting” services to Partners, encompassing
premium collection, premium disbursement, and
reconciliation of amounts owed and paid. This
service provides our Partners with a central
consolidation point in respect of overseas
collections/disbursements, including the following:
centralized premium collection
centralized
premium disbursement
verification of payment to
local fronting companies
verification of payment
from local fronts to Partner
reconciliation on a
“per account” basis
provision of quarterly
statements broken out by account
remittance
services (wire or check as may be required)
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