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| | Underwriting Services |  |
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 |
Gathering and collating data electronically for consolidation into a report for presentation to the Local Markets and London Brokers |
|
The data includes: |
| Premises / Situations |
|
| Sums Insured – Material Damage and Business Interruption |
|
| Details of Suppliers and Customers |
|
| MPL’s (Maximum Possible Loss) |
|
| “As If” exercises on Assets and Other Programmes |
|
| Survey Reports |
|
| Turnovers |
|
| Earnings |
| |
Testing Local Markets |
| |
Submission of RV7 application forms for approval to place cover overseas with insurers who are not registered in South Africa. |
| |
Gathering details of renewal premiums and insurer’s proportions; supervision of premium allocation, for example across divisions based on Assets, Turnovers, Sums Insured and Claim Profiles, etc; administering the collecting of premiums from brokers and the paying of markets – both local and international. |
| |
Drafting of policy wordings for approval by insurers |
| |
Collation, distribution and checking of all policy documentation |
|
Liaison and co-ordination of Brokers, Markets and Captive Insurance company with respect to ongoing mid-year changes and activities. This includes reviews of new acquisitions and divestitures of companies |
| |
Gathering and collating data electronically for consolidation into a report for presentation to the Local Markets and London Brokers |
|
The data includes: |
|
| Premises / Situations |
|
| Sums Insured – Material Damage and Business Interruption |
|
| Details of Suppliers and Customers |
|
| MPL’s (Maximum Possible Loss) |
|
| “As If” exercises on Assets and Other Programmes |
|
| Survey Reports |
|
| Turnovers |
|
| Earnings |
| |
Testing Local Markets |
| |
Submission of RV7 application forms for approval to place cover overseas with insurers who are not registered in South Africa. |
| |
Gathering details of renewal premiums and insurer’s proportions; supervision of premium allocation, for example across divisions based on Assets, Turnovers, Sums Insured and Claim Profiles, etc; administering the collecting of premiums from brokers and the paying of markets – both local and international. |
| |
Drafting of policy wordings for approval by insurers |
| |
Collation, distribution and checking of all policy documentation |
|
Liaison and co-ordination of Brokers, Markets and Captive Insurance company with respect to ongoing mid-year changes and activities. This includes reviews of new acquisitions and divestitures of companies |
|
|
| |
| |
|