Assess whether cyber controls claimed are actually in force (430e1c)

Situation

Cyber underwriter owns cyber controls claimed are inside a law firm buying cyber after a peer's ransom event with D&O claims-made notice and prior-acts history as the only packet. A fleet fatality in the last 90 days is what changed the clock for this Insurance Underwriting Treaty and Excess file.

Decision

Cyber underwriter in a law firm buying cyber after a peer's ransom event must choose Bind / Restrict / Decline / Hold using D&O claims-made notice and prior-acts history after a fleet fatality in the last 90 days.

Hypotheses to test

• The population in D&O claims-made notice and prior-acts history is the one a fleet fatality in the last 90 days named, so Bind follows for this Treaty and Excess file.
• The population in D&O claims-made notice and prior-acts history is adjacent only to a fleet fatality in the last 90 days; Restrict is the honest Insurance Underwriting call.
• A law firm buying cyber after a peer's ransom event already contained a fleet fatality in the last 90 days before D&O claims-made notice and prior-acts history arrived; no new Treaty and Excess path.
• Provenance on D&O claims-made notice and prior-acts history after a fleet fatality in the last 90 days is broken; do not pick Bind or Restrict yet.

Analysis required

• Compare treaty versus facultative treatment for the risk cyber controls claimed are names.
• Check the submission completeness against a fleet fatality in the last 90 days.
• Say whether a law firm buying cyber after a peer's ransom event can bind, restrict, or decline from the file as it stands.
• For this Insurance Underwriting Treaty and Excess file, read D&O claims-made notice and prior-acts history against a fleet fatality in the last 90 days and write the one fact that would move cyber controls claimed are for cyber underwriter.

Recommendation

Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Treaty and Excess packet (D&O claims-made notice and prior-acts history after a fleet fatality in the last 90 days). The follow-on Treaty and Excess action is what cyber underwriter does next: implement the option, assign an owner, and log the missing fact.