AmTrust Underwriters Submission Requirements
 

1.  Description of Operations

  • Number of years in existence - Historical Narrative
  • Key Management Personnel - include resumes
  • Prior and current structure - including lines of coverage, retention, limits, excess carriers, service companies
  • Marketing Strategy/Marketing Plan
    • Target Accounts
    • Projected Growth
    • Competition

2.  Program Information

  • Detailed account of past and present exposures
  • Number of insureds
  • State mix
  • Average account/insured size
  • Desired coverage by line of business
  • Rating information by line of business

3.  Policy Forms

  • Current policy forms
  • Copies of all endorsements
  • Pending changes - if applicable
  • Unique Filing Requirements

4.  Underwriting Administration

  • Staff experience - include resumes of key staff
  • Underwriting guidelines and procedures
  • Rating structure
  • Breakdown of the premium dollar-expense components
  • Systems Utilized for Rate/Quote/Policy Issuance
  • Interface Requirements

5.  Loss Information

  • Currently valued loss information for past five years, excluding the most recent year
  • Hard copy loss runs for current period
  • Detailed description of all large losses in excess of $50,000
  • Summary of Group data by line - if applicable
  • Triangulated data - if available

6.  Claims Administration and Management

  • TPA or Staff experience - including resumes of claims personnel
  • Procedures, authority levels
  • Large loss strategy
  • Corporate philosophy of insured
  • Copy of claims service agreement
  • Interface Requirements

7.  Actuarial Reports - if available

  • IBNR and loss reserve analysis
  • Ultimate loss projections, by line
  • Rate analysis and funding requirements

8.  Financials

  • Audited financial statements - two years
  • Investment strategy - if captive involved
  • Dividend policy of the group - if captive involved
  • Description of state of domicile taxes, assessments, and fees - if captive involved

9.  Loss Control

  • Programs and guidelines
  • Safety manual
  • Copy of a specific report or survey
  • Key personnel - include resumes