The Underwriting Services team has the experience and capability to undertake large elements of a Company or Managing Agent’s back office functionality, applying a flexible approach to support projects in the short, medium or long-term. Charles Taylor Insurance Services takes pride in its quality solutions utilising its expertise in a broad range of underwriting support services, including but not limited to the following;
- Bordereaux Management - premium analysis, collation of bordereaux, estimated premium income
vs. actual
- Coverholder Audits – regulatory compliance, ‘hotspot’ analysis & targeted approach, written report
- Coverholder Scoring – financial stability of coverholders, early warning indicators of financial
instability
- Credit Control Services – pro-active recovery of premium, facility register, diary date management
- Data Quality Management Services – data & record validation, compliance checks, identification
of trends or business rules, performance management advice
The benefits to our approach and diligence include;
- Greater financial certainty – improved premium collections, controlled service costs
- Focused attention on the bordereaux process – taking the problem off your desk
- Competitive edge – making it easier to do business with and providing information about the best
Coverholders
- Improved regulatory compliance
- Increased automation – scalable with growth
- Bespoke reports – agreed management information in dashboard format
- Control of business through improved process and proactive management protocols
- Improved, standardised processes – in line with Acord standards and integrated with internal
systems
- Quantifiable improvements in data quality and record integrity
- Recommendations to improve data processes and embedded controls
- Greater visibility of explicit and implicit business rules
Contact Details:
Gary Bullock
T:
+44 (0)20 7767 2793
E: click here to email us
Mark Sullivan
T:
+44 (0)20 7767 2906
E: click here to email us