Transaction Insurance Underwriting and the Terrifying Unknown

Underwriters can get comfortable with known issues in transaction insurance underwriting, but nothing is scarier than the unknown. This was the consensus of a panel of experts discussing M&A due diligence at Advisen’s Transaction Insurance Insights Conference in New York on April 20.

The panel said the explosion of representations and warranties insurance usage over the past few years has had an overall positive impact on the underwriting of deals.

“Because of the growth of the industry there is now a better understanding of our process,” said Jay Rittberg, managing principal, Euclid Transactional, LLC. “I think clients, brokers, and lawyers really have a good feel for what we are trying to accomplish through representations and warranties insurance due diligence underwriting. They have a sense that we are trying to find a good process, known issues, and that we are going to try to provide as broad coverage as possible.”

Read more http://www.advisenltd.com/2017/04/25/transaction-insurance-underwriting-terrifying-unknown/

Josh Bradford, Transaction insurance underwriting and the terrifying unknown (April 25, 2017), available with subscription at Advisen Professional Front Page News.

Increase Underwriting Efficiency Without Sacrificing the Art

Webinar Date: Tuesday, April 18, 2017

11:00 AM ET

Is underwriting an art or a science? Both! Advisen’s new Underwriting Framework combines new technologies with proprietary loss data to make the review of potential red flags faster and more streamlined. While the art of underwriting will always center on interpreting known facts, the scientific aspect has been enhanced for more efficient review, quicker renewals, and the incorporation of best practices.

On Tuesday, April 18th at 11:00 AM ET, we will showcase how our state-of-the-art Underwriting Framework can impact your ability to quote/renew/decline. This free, 30-minute webinar will share how insurers are expediting individual submissions by leveraging company information, proprietary loss data, and third-party news sources. Whether you customize your own framework or use our standard templates, you’ll spend less time gathering company information and more time evaluating it for success.

For more info and registration of the webinar, visit http://www.advisenltd.com/2017/04/18/increase-underwriting-efficiency-without-sacrificing-art/

Advisen Ltd. (2017). Increase Underwriting Efficiency Without Sacrificing the Art [Webinar].