Assess whether cyber controls claimed are actually in force (0609bf)

Situation

Cyber controls claimed are sits with D&O specialist because a professional-liability claim that looks like a prior-knowledge issue hit a cedent submitting a property treaty with thin bordereaux. Evidence is D&O claims-made notice and prior-acts history; write the Insurance Underwriting Specialty Liability option that extract can carry.

Decision

D&O specialist in a cedent submitting a property treaty with thin bordereaux must choose Bind / Restrict / Decline / Hold using D&O claims-made notice and prior-acts history after a professional-liability claim that looks like a prior-knowledge issue.

Hypotheses to test

• D&O claims-made notice and prior-acts history reads as Bind once a professional-liability claim that looks like a prior-knowledge issue is lined up to the same Insurance Underwriting population.
• D&O claims-made notice and prior-acts history is closer to Restrict after a professional-liability claim that looks like a prior-knowledge issue; Bind would over-claim this Specialty Liability extract.
• Decline is still live in D&O claims-made notice and prior-acts history for D&O specialist in a cedent submitting a property treaty with thin bordereaux.
• D&O claims-made notice and prior-acts history is missing the fact D&O specialist needs after a professional-liability claim that looks like a prior-knowledge issue; 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 D&O claims-made notice and prior-acts history after a professional-liability claim that looks like a prior-knowledge issue.
• 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 professional-liability claim that looks like a prior-knowledge issue 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 (D&O claims-made notice and prior-acts history after a professional-liability claim that looks like a prior-knowledge issue). The follow-on Specialty Liability action is what D&O specialist does next: implement the option, assign an owner, and log the missing fact.