Treaty pricing actuary must resolve whether prior-acts and notice issues make

Situation

D&O claims-made notice and prior-acts history arrived with a cedent bordereaux that will not reconcile for treaty pricing actuary. That is a Insurance Underwriting Core Commercial Lines decision on prior-acts and notice issues in a fleet with a new ELD vendor and rising frequency.

Decision

Treaty pricing actuary in a fleet with a new ELD vendor and rising frequency must choose Bind / Restrict / Decline / Hold using D&O claims-made notice and prior-acts history after a cedent bordereaux that will not reconcile.

Hypotheses to test

• A cedent bordereaux that will not reconcile is noise around an already-controlled Core Commercial Lines process in a fleet with a new ELD vendor and rising frequency, given D&O claims-made notice and prior-acts history.
• A cedent bordereaux that will not reconcile is the event in D&O claims-made notice and prior-acts history that forces Bind for treaty pricing actuary under Insurance Underwriting.
• D&O claims-made notice and prior-acts history shows a one-file miss after a cedent bordereaux that will not reconcile, not a Core Commercial Lines program failure.
• D&O claims-made notice and prior-acts history cannot decide prior-acts and notice issues yet after a cedent bordereaux that will not reconcile; hold is the only Insurance Underwriting close a fleet with a new ELD vendor and rising frequency can defend.

Analysis required

• Check the submission completeness against a cedent bordereaux that will not reconcile.
• Say whether a fleet with a new ELD vendor and rising frequency can bind, restrict, or decline from the file as it stands.
• Test exposure, limits, and endorsement language in D&O claims-made notice and prior-acts history after a cedent bordereaux that will not reconcile.
• For this Insurance Underwriting Core Commercial Lines file, read D&O claims-made notice and prior-acts history against a cedent bordereaux that will not reconcile and write the one fact that would move prior-acts and notice issues for treaty pricing actuary.

Recommendation

Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Core Commercial Lines packet (D&O claims-made notice and prior-acts history after a cedent bordereaux that will not reconcile). Lead with the Insurance Underwriting option D&O claims-made notice and prior-acts history can support after a cedent bordereaux that will not reconcile, then the two facts that force it, then the Monday action for treaty pricing actuary in a fleet with a new ELD vendor and rising frequency.