Assess whether cyber controls claimed are actually in force (2dd9b5)

Situation

After a reserve increase that blows the account's loss ratio, fleet MVRs and telematics exception list is what D&O specialist can touch in a cedent submitting a property treaty with thin bordereaux. Insurance Underwriting will live with Bind versus Restrict on this Specialty Liability file.

Decision

D&O specialist in a cedent submitting a property treaty with thin bordereaux must choose Bind / Restrict / Decline / Hold using fleet MVRs and telematics exception list after a reserve increase that blows the account's loss ratio.

Hypotheses to test

• Fleet MVRs and telematics exception list reads as Bind once a reserve increase that blows the account's loss ratio is lined up to the same Insurance Underwriting population.
• Fleet MVRs and telematics exception list is closer to Restrict after a reserve increase that blows the account's loss ratio; Bind would over-claim this Specialty Liability extract.
• Decline is still live in fleet MVRs and telematics exception list for D&O specialist in a cedent submitting a property treaty with thin bordereaux.
• Fleet MVRs and telematics exception list is missing the fact D&O specialist needs after a reserve increase that blows the account's loss ratio; stop this Insurance Underwriting close.

Analysis required

• Say whether a cedent submitting a property treaty with thin bordereaux can bind, restrict, or decline from the file as it stands.
• Test exposure, limits, and endorsement language in fleet MVRs and telematics exception list after a reserve increase that blows the account's loss ratio.
• Flag any accumulation fact fleet MVRs and telematics exception list does not price.
• For this Insurance Underwriting Specialty Liability file, read fleet MVRs and telematics exception list against a reserve increase that blows the account's loss ratio and write the one fact that would move cyber controls claimed are for D&O specialist.

Recommendation

Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Specialty Liability packet (fleet MVRs and telematics exception list after a reserve increase that blows the account's loss ratio). Lead with the Insurance Underwriting option fleet MVRs and telematics exception list can support after a reserve increase that blows the account's loss ratio, then the two facts that force it, then the Monday action for D&O specialist in a cedent submitting a property treaty with thin bordereaux.