Assess whether CAT pricing is defensible given SOV quality (40dce9)

Situation

CAT pricing is defensible sits with D&O specialist because a professional-liability claim that looks like a prior-knowledge issue hit a cedent submitting a property treaty with thin bordereaux. Evidence is renewal large-loss narratives that contradict the application; write the Insurance Underwriting Specialty Liability option that extract can carry.

Decision

D&O specialist in a cedent submitting a property treaty with thin bordereaux must choose Bind / Restrict / Decline / Hold using renewal large-loss narratives that contradict the application after a professional-liability claim that looks like a prior-knowledge issue.

Hypotheses to test

• Authorize Bind now; renewal large-loss narratives that contradict the application already has the discriminator after a professional-liability claim that looks like a prior-knowledge issue.
• Keep Restrict in force until renewal large-loss narratives that contradict the application is completed after a professional-liability claim that looks like a prior-knowledge issue for D&O specialist.
• Treat renewal large-loss narratives that contradict the application as Decline because both readings appear after a professional-liability claim that looks like a prior-knowledge issue.
• Refuse a Insurance Underwriting close: D&O specialist does not have the page CAT pricing is defensible turns on in renewal large-loss narratives that contradict the application.

Analysis required

• Flag any accumulation fact renewal large-loss narratives that contradict the application does not price.
• Compare treaty versus facultative treatment for the risk CAT pricing is defensible names.
• Check the submission completeness against a professional-liability claim that looks like a prior-knowledge issue.
• For this Insurance Underwriting Specialty Liability file, read renewal large-loss narratives that contradict the application against a professional-liability claim that looks like a prior-knowledge issue and write the one fact that would move CAT pricing is defensible for D&O specialist.

Recommendation

Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Specialty Liability packet (renewal large-loss narratives that contradict the application after a professional-liability claim that looks like a prior-knowledge issue). The follow-on Specialty Liability action is what D&O specialist does next: implement the option, assign an owner, and log the missing fact.