Auditing, Validation & Health Checks
Overview
Technical audits and assessments are designed to provide management with feedback on the quality of the risk assessments that have been conducted on their portfolio. ORS have continually performed this process on all of their own underwriters – we do not just say it, we do it!
ORS can provide an independent and impartial audit and validation on insurers or reassurers own underwriters.
ORS can also provide a health check on specific areas of your business or an overall assessment. This would draw in elements of legislation and regulation, benchmarking and best practice.
Benefits
- Ensures 'best practice' is being followed.
- Assesses the quality of underwriters as a team or individually.
- Identifies weaknesses to be addressed.
- Provides reassurer with evidence of thorough risk management practices.
- Ensures compliance with legislation and regulation.