Pre-Binding

• Assessment of staffing, structure, history, potential conflicts, procedures and existing company relationships
• Examination of current lines of business, production sources, underwriting philosophy and quality of risk selection
• Validation of claim processes, reserving philosophies, external vendor usage, expenses, authorities, diary and supervision
• Verification of regulatory compliance monitoring, dedicated operational resources, accounting practices and banking
• Review of system capabilities, reporting, processing, self-auditing, checks and balances
• Evaluation of procedures in place for quotations, binders, cancellations, fees, commissions and other deductions
• Investigation or completeness of contract and file documentation, correspondence, pricing and modeling