GROUP AND MASTER POLICYHOLDERS,
OUTSOURCED CLAIMS HANDLING,
CALL CENTRES .....?
How many ways can you give away your pen?
And when you do, how can you be sure of the quality of the result?
At the end of the day it is still your business, your bottom line, and your reputation. You need a cost effective way of ensuring that all those to whom you have delegated underwriting authority, in any form, are maintaining the standards you require of them.
Which is why at PHILLIPPA ROSS & CO. we have created a specialised audit and review service for binding authorities and all forms of delegated underwriting facility.
We offer over fifteen years experience of providing many clients with thorough and independent reviews encompassing underwriting, contract compliance, claims handling, reserving and reporting, accounting, premium and commission calculation, policy selling practices, FSA compliance and all the topics which concern you as the principal in the business written.
We have handled a multitude of classes of business under various binding authorities and other arrangements, including PA, travel insurance, and medical expenses; K & R, contingency, credit insurance and extended warranty business; UK motor; property and household cover; and US casualty business.
We have a range of checklists, guidelines and procedures which can readily be adapted to your specific needs.
Lloyd's Delegated Underwriting ByeLaw
We are familiar with and conduct audits in compliance with this Lloyd's Bye Law and related Codes and Guidance which have been developed to assist managing agents to discharge their regulatory obligations in relation to binding authorities.
DON'T TAKE OUR WORD FOR IT...
This is what some of our clients have said:
"Certainly your report has given us the comfort that we sought and I am most grateful.." (Lloyd's underwriter, 1994)
"Many thanks for the report which provides me with the reassurance I was requiring." : "If I require similar audits in the future I will not hesitate to contact you." (LUC company underwriter, 2000)