Philosophy Review & Development
'If asked, could you produce your current philosophy?'
Overview
Documented underwriting philosophy is essential, not just for business continuity but to also ensure a consistent approach.
- Providing a benchmark and resource to which the underwriter can refer to.
- Providing re-insurers with confidence and guidelines as to how the shared risks are being underwritten.
Otter is able to develop a philosophy or review your existing one, ensuring it is tailored to your business needs.
Benefits
- Well documented philosophy can provide dated evidence of approach for future disputed claims (see also Complaints Investigation & Expert Witness).
- Provides a benchmark for underwriters to adhere to.
- Unique philosophy can provide key sale indicators.
- Training of new underwriters is made easier (see also Training & Development)