Syndicate Peer Reviews

Peer Review scope can include, but is not limited to:

Executive Business Plan and the Business Unit’s role within this Plan;

The Business Unit’s Business Plan with notes referencing changes from expiring plan and reasons for change;

The Business Unit’s Personnel including CVs and reporting structure;

The Business Unit’s Underwriting, Claims and Management Information System training programs;

The Business Unit’s Compliance with the Managing Agency’s Minimum Standards and Lloyd’s Minimum Standards;

The Business Unit’s Underwriting Guidelines and Limits of Authority;

The Business Unit’s Accounts Listing - including effective and expiry dates, UMRs, GPI Limits, Premium Estimates by Class, Commission levels etc..;

The Business Unit’s Reporting Structure - including Credit Control - Aged Debt and EPI v Signed Premiums and Modelled Results;

The Business Unit’s Reinsurance Program;

The Business Unit’s Policy procedures for (1) Financial Crime, Complaints, Code of Business Conduct, Conduct Risk, Data Protection, Conflicts of Interest, OFAC Compliance etc..;

The Business Unit’s Remote Workers procedures - this is likely to become more prevalent during the “Post Covid 19” period;

The Business Unit’s Insurance - E&O, D&O, Fidelity, Crime etc..