Underwriting audits

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Property Underwriting Audits

  The Property Underwriting Audit provides an evaluation of the underwriting practice and discipline of the (re)insured. The audit can be performed on a prospective basis to validate a submission to the market or as a pre-renewal evaluation. It can also be used in the due diligence process of an acquisition. 

 My broad market experience allows me to audit the entire spectrum of property market segments, such as Global, National Property, Shared and Layered, E&S, Middle Market and Homeowners. I developed "Best Practice" guidelines to evaluate the quality of the underwriting in each market segment.   

Prior to an engagement we will review the scope of the audit with you to ensure that the audit meets your objectives. Please see our Scope Template document below. 

Unique Qualifications

My background in loss control engineering allows me to audit highly technical underwriting operations including Highly Protected Risk (HPR) companies. Various loss expectancy measurements such as EML, MFL, PML, and NLE are reviewed and analyzed. Finally, I have extensive experience in catastrophe modeling and the impact on price and risk selection. 

 Classes/types of business that are regularly audited

Technical Risks, including on shore energy;
Global and multi-national programs;
National accounts;
Excess and Surplus lines;
Shared and layered programs;
Middle market business;
Facultative Reinsurers;
Property-driven MGA programs