Reviews of this nature can be a vital part of mitigating problems in the longer term. Quest Consulting can help clients assess how a book of business is being underwritten and whether the appropriate underwriting management processes and controls are in place to ensure the nature of the business is fully understood.

Quest Consulting's Service

• Underwriting review of a cedant on behalf of reinsurers who participate (or are considering participation) in a reinsurance agreement with a cedant.
  
  
• Examine how the business is being underwritten.
  
  
• Verify whether underwriters are complying with underwriting guidelines and minimum rates.
  
  
• Assess underwriting controls and reporting/accounting of premium.
  
  
• Review aggregation monitoring, reporting and control procedures.
  
  
• Analyse market conditions, competition and rating.
  
  
• Assess policy coverage and restrictions.
  
  
• Review the underwriting and reporting of 'Special Acceptances'.
  
  
• Audit delegated underwriting authority.
  
  
• Confirm appropriate reinsurance protection arranged.

Quest Consulting's Commitment

• To determine if the cedant is writing and ceding business with a realistic opportunity for profit.
  
  
• To confirm whether there is appropriate underwriting management and control.
  
  
• To ensure that the cedant is acting as if un-reinsured and in the best interests of its reinsurers.