p1Runoff

Insurance portfolio management software for run-off, direct insurance, and reinsurance.

Core Administration Established Bootstrapped

Overview

p1Runoff is an insurance portfolio management platform developed by HMR Group, serving carriers and run-off specialists that need to consolidate and administer complex books of business. The platform addresses direct insurance, reinsurance, and run-off portfolios, with support for multi-currency operations and multiple simultaneous books of business.

The company's flagship product, the P1 Insurance Management Platform, is a cloud-hosted application running on Microsoft Azure that centralizes claims data, contract management, and financial reporting into a single integrated system. It includes over 30 standard financial reports, legal invoice bill review, deductible recovery automation, and integration with the AM Best Insurance Company Master database. A companion module, P1 Life, handles life insurance policy administration with support for multi-country operations and all 50 US states. HMR Group's engineers hold CISSP, Cisco, and Microsoft certifications.

HMR Group positions itself as a specialist in legacy system replacement and run-off portfolio management for the insurance and reinsurance industry. Customers include Fosun, which migrated three legacy systems to the P1 run-off platform two months ahead of a six-month schedule, and Aylesbury Insurance, whose CEO -- a former Enstar Group CEO -- described P1 as one of the most comprehensive and fully-integrated systems he encountered in 30 years of industry experience.

Products & Services

P1 Insurance Management Platform

Cloud-hosted policy and claims administration system for direct insurance, run-off, and reinsurance portfolios. Consolidates fragmented books of business into a single application with real-time access from any location.

Key Features

Multi-currency, multi-book-of-business management
30+ standard financial reports with business intelligence access
Legal invoice bill review and deductible recovery automation
AM Best Insurance Company Master Listing integration
Customizable approval tiers and authorization levels
Facultative and treaty reinsurance support
Legacy data migration in as little as 90 days

Target Users: Insurance carriers, run-off specialists, reinsurers

P1 Life Insurance Management

Dedicated module for life insurance portfolio administration, supporting multi-country operations and all 50 US states.

Key Features

30+ online policy administration functions
EFT and credit card premium processing with automatic bill collection
Bilingual correspondence generation (English and Spanish)
Policy conversion (Term to Whole Life), yearly renewal, and decreasing term options
DocuRead imaging storage and retrieval
Automatic policy quoting and rating across all 50 US states
Multiple billing modes: monthly, quarterly, semi-annual, annual

Target Users: Life insurance carriers, run-off specialists managing life portfolios

Microsoft Azure Cloud Migration

Migration consulting and implementation for insurance companies moving from legacy or on-premise systems to Microsoft Azure. HMR holds Microsoft Certified status.

Target Users: Insurance carriers with legacy on-premise infrastructure

Network Security and Infrastructure Design

Cisco-certified and CISSP-certified network security engineering covering all eight CISSP Common Body of Knowledge domains, including Software Development Security, Security and Risk Management, Asset Security, and Identity and Access Management.

Target Users: Insurance carriers requiring network security assessments or infrastructure redesign

At a Glance

Headquarters: Bradenton, Florida, USA
Employees: 1-10
Funding: Bootstrapped

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Claims Management Run-Off Management Reinsurance Administration
Insurance Verticals: P&C Commercial Specialty/E&S Reinsurance Life & Annuity
Target Customers: Carriers, Reinsurers

Customers

Fosun -- migrated three legacy systems to P1 run-off platform, completed two months ahead of a six-month schedule
Aylesbury Insurance -- CEO Karl J. Wall (former Enstar Group CEO) provided public endorsement