Assess whether CAT pricing is defensible given SOV quality (c01024)

Situation

A middle-market account hitting umbrella attachment cannot treat a CAT model version change that doubles AAL as color commentary on fleet MVRs and telematics exception list. Cyber underwriter must close CAT pricing is defensible from that extract under Insurance Underwriting / Core Commercial Lines.

Decision

Cyber underwriter in a middle-market account hitting umbrella attachment must choose Bind / Restrict / Decline / Hold using fleet MVRs and telematics exception list after a CAT model version change that doubles AAL.

Hypotheses to test

• Fleet MVRs and telematics exception list reads as Bind once a CAT model version change that doubles AAL is lined up to the same Insurance Underwriting population.
• Fleet MVRs and telematics exception list is closer to Restrict after a CAT model version change that doubles AAL; Bind would over-claim this Core Commercial Lines extract.
• Decline is still live in fleet MVRs and telematics exception list for cyber underwriter in a middle-market account hitting umbrella attachment.
• Fleet MVRs and telematics exception list is missing the fact cyber underwriter needs after a CAT model version change that doubles AAL; stop this Insurance Underwriting close.

Analysis required

• Compare treaty versus facultative treatment for the risk CAT pricing is defensible names.
• Check the submission completeness against a CAT model version change that doubles AAL.
• Say whether a middle-market account hitting umbrella attachment can bind, restrict, or decline from the file as it stands.
• For this Insurance Underwriting Core Commercial Lines file, read fleet MVRs and telematics exception list against a CAT model version change that doubles AAL and write the one fact that would move CAT pricing is defensible for cyber underwriter.

Recommendation

Release Bind for this Insurance Underwriting Core Commercial Lines file only when fleet MVRs and telematics exception list after a CAT model version change that doubles AAL names the fact CAT pricing is defensible requires. Cyber underwriter in a middle-market account hitting umbrella attachment should withhold Bind while that fact is still a hole in fleet MVRs and telematics exception list.