Placing Process Maps - Scope    
--------------------------------------------------------------------------------
 
The process maps cover most open market and both bureau and non-bureau based business.

Within Scope:

• open market new business and competitive renewals
• client-initiated endorsements

Not in scope (not exhaustive):

• binder authority agreements
• risks placed under binding authority master agreements
• line slips
• declarations off line slips
• marine cargo covers
• business placed via a service company
• global placements
• insurer/broker-initiated endorsements
• non-competitive renewals (and where ‘automatic’)
• premium adjustments (automatic)
• treaty balance processing
• use of electronic placing/accounting not directly reflected
• deferred premiums (instalments)

This e-mail address is being protected from spambots. You need JavaScript enabled to view it provides content for this page

Back to Standards