For Insurance Brokers
Experienced support to you on Independent Insurance Quality Assurance Services to help you reduce E&O costs, Coverage Gap Analysis, Renewal review support and policy comparison & Wording reviews to help you get competitive advantage and provide correct advice to your clients.
Placement Quality Assurance
Independent review of placements post-binding to identify inconsistencies, omissions, regulatory & coverage concerns. Insurance Regulators globally are moving from directive-based approach towards principle-based compliances, the defense of insurance / reinsurance brokers is to showcase proactive and unbiased files reviews, enhance controls and process improvement.
To achieve this goal, we provide Quality Assurance service Insurance and Reinsurance Brokers, MGAs, and insurance companies to ensure that their placements are in compliance with local regulations, fulfillment of duties and compliance to internal processes.
Includes:
Placement review
Coverage verification
Endorsement review
Schedule verification
Documentation QA
Coverage Gap Analysis
Identify uninsured or underinsured exposures before they become claims.
Includes:
Coverage gap identification
Exposure review
Coverage adequacy assessment
Risk transfer review
Side-by-side review of policy documents to identify differences in coverage intent and wording.
Includes:
Policy comparison
Coverage wording analysis
Endorsement comparison
Limit comparison
Conditions review
Renewal Review Support
Policy Comparison & Wording Review
Independent analysis of expiring and renewal policies.
Includes:
Renewal comparison
Coverage reductions
Premium movement analysis
Wording changes
New exclusions
