Assess whether CAT pricing is defensible given SOV quality (7db9ae)

Situation

After a broker threatening to move the whole package Friday, property COPE data with missing construction grades is what workers'-compensation product manager can touch in a cedent submitting a property treaty with thin bordereaux. Insurance Underwriting will live with Bind versus Restrict on this Treaty and Excess file.

Decision

Workers'-compensation product manager in a cedent submitting a property treaty with thin bordereaux must choose Bind / Restrict / Decline / Hold using property COPE data with missing construction grades after a broker threatening to move the whole package Friday.

Hypotheses to test

• The population in property COPE data with missing construction grades is the one a broker threatening to move the whole package Friday named, so Bind follows for this Treaty and Excess file.
• The population in property COPE data with missing construction grades is adjacent only to a broker threatening to move the whole package Friday; Restrict is the honest Insurance Underwriting call.
• A cedent submitting a property treaty with thin bordereaux already contained a broker threatening to move the whole package Friday before property COPE data with missing construction grades arrived; no new Treaty and Excess path.
• Provenance on property COPE data with missing construction grades after a broker threatening to move the whole package Friday is broken; do not pick Bind or Restrict yet.

Analysis required

• Test exposure, limits, and endorsement language in property COPE data with missing construction grades after a broker threatening to move the whole package Friday.
• Flag any accumulation fact property COPE data with missing construction grades does not price.
• Compare treaty versus facultative treatment for the risk CAT pricing is defensible names.
• For this Insurance Underwriting Treaty and Excess file, read property COPE data with missing construction grades against a broker threatening to move the whole package Friday and write the one fact that would move CAT pricing is defensible for workers'-compensation product manager.

Recommendation

Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Treaty and Excess packet (property COPE data with missing construction grades after a broker threatening to move the whole package Friday). The follow-on Treaty and Excess action is what workers'-compensation product manager does next: implement the option, assign an owner, and log the missing fact.