UC-391
Delegated Authority Bordereaux Assurance
Checks every coverholder bordereau against the binder terms, scores data quality and flags risks written outside the delegated limits.
TBDBuild Duration
XXXXIndicative ROI
XXXXBuild Cost
XXXXValue
The Challenge
Coverholder bordereaux arrive in dozens of formats and months late, so binder breaches are found at audit rather than at receipt. Delegated oversight rests on sampling because nobody can read every line.
How It Works
- Reads risk and claims bordereaux, binding authority agreements and coverholder audit reports.
- Maps each file to one standard and tests every risk against binder limits and classes.
- Returns a per-binder exception list and a data-quality score before the month is booked.
What It Removes
- Reformatting each coverholder bordereau by hand
- Sampling a handful of risks per binder audit
- Chasing coverholders for missing premium fields
Input Data RequirementsRisk and claims bordereaux, binding authority agreements, coverholder audit reports, premium ledger, sanctions lists, territory and class schedules
Output FormatPer-binder exception list with out-of-appetite risks, limit breaches, a data-quality score and a drafted query back to the coverholder
“We audit a coverholder once every three years and read maybe fifty risks. They write forty thousand.”