Assess whether CAT pricing is defensible given SOV quality (a6985b)

Situation

Specialty Liability work in a staffing firm with deteriorating loss development now turns on CAT pricing is defensible because a cedent bordereaux that will not reconcile put D&O claims-made notice and prior-acts history in play. Workers'-compensation product manager should say what D&O claims-made notice and prior-acts history proves.

Decision

Workers'-compensation product manager in a staffing firm with deteriorating loss development 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 Specialty Liability process in a staffing firm with deteriorating loss development, 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 workers'-compensation product manager 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 Specialty Liability program failure.
• D&O claims-made notice and prior-acts history cannot decide CAT pricing is defensible yet after a cedent bordereaux that will not reconcile; hold is the only Insurance Underwriting close a staffing firm with deteriorating loss development can defend.

Analysis required

• Say whether a staffing firm with deteriorating loss development 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.
• Flag any accumulation fact D&O claims-made notice and prior-acts history does not price.
• For this Insurance Underwriting Specialty Liability 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 CAT pricing is defensible for workers'-compensation product manager.

Recommendation

Workers'-compensation product manager owns CAT pricing is defensible on D&O claims-made notice and prior-acts history in a staffing firm with deteriorating loss development. After a cedent bordereaux that will not reconcile, choose Bind / Restrict / Decline / Hold using only what this Insurance Underwriting Specialty Liability packet proves. If D&O claims-made notice and prior-acts history is silent on the discriminator after a cedent bordereaux that will not reconcile, workers'-compensation product manager must do not bind, restrict, or decline beyond what the submission actually prices rather than reuse a label from another Specialty Liability packet.