Risk clearance & capture

We can save brokers and underwriters from the time-consuming and repetitive tasks associated with screening and recording quotations, placements and endorsements.

Specifically, we help our customers with activities including:

• Clearance: we screen data and documents supplied by brokers to make sure the same risk isn’t being reviewed by other parts of the business. This avoids over-exposure or duplication of activity.
• Quotations: we interpret and record brief risk details (as determined by the customer) in the insurer’s underwriting system from supplied documentation.
• Firm Orders: we interpret and record full risk details in the insurer’s underwriting system from supplied documentation.  Where needed, we also enrich data to ensure compliance.
• Endorsements: we interpret and record contract changes in the insurer’s underwriting system from supplied documentation.  Where needed, we also enrich data to ensure compliance.
• Declarations: we record periodic declarations attaching to master facilities e.g.  binding authorities.  We prepare bordereaux for loading onto the insurer’s binder management system. This can include data enrichment if required – either before or after loading.
• Aggregates: we indicate specific risk locations and exposures in the insurer’s exposure management system by reviewing schedules provided. We prepare schedules for loading onto the insurer’s exposure management system. This can include data enrichment if required – either before or after loading.
• NTU/Decline – we update risk records to show when business was Not Taken Up (NTU) or declined, enabling improved decision making.