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Delegated Authority Audits – NICExperts’ Role and Responsibility Navigating COVID-19

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To protect audit specialists, audit clients, and more importantly their loved ones who may be dealing with… Continue Reading

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Custom Consulting Services & Training

With a wealth of experience at your fingertips, independent insurance specialists provide an impartial or expert opinion to move insurance and risk management projects along.

Custom Consulting Services & Training

With a wealth of experience at your fingertips, independent insurance specialists help you get over the hump, fill the gap, or help out until you find an expert of your own.

Underwriting & Claims Technical Audits

With subject-matter experts in multiple fields and disciplines, technical underwriting & claims file audits span a diverse range of portfolios.

Custom Consulting Services

Be your best with an impartial or expert opinion to move projects forward, assist with new system implementations, or discuss risk management, claims, and underwriting questions with an impartial third party.

Sales Training and Brokerage Relations

With a wealth of underwriting, claims, and intermediary experience, independent insurance specialists help mutuals achieve volume targets with sales training focused on building broker relationships.

Strategic and Operational Reviews

With decades of experience working for and consulting with stock and mutual insurers in addition to insurance agency and brokerage operations, NICExperts help prioritize and focus internal ideas to improve operating efficiencies.

Commercial Insurance – Underwriting Audit and Training

With a wealth of underwriting and claims experience, commercial insurance training is customized to commercial lines portfolio results. Audit results help focus training, wording, or operational changes to offer better risk selection and portfolio management.

Home, Auto, and Farm Insurance – Underwriting & Claims Audits

With subject-matter experts in multiple fields and disciplines, technical underwriting & claims file audits span a diverse range of personal and farm portfolios.

Part of the Team

Call us to supplement your insurance or risk management tea, discuss alternate insurance solutions, design or implement new insurance systems, or help implement insurance best practices.

Enterprise Risk Management Reviews

Quick Summary: With the ability to work with any insurer or intermediary on your behalf, NICExperts help identify, understand, and analyze risk exposures to discuss appropriate and cost-effective controls including insurance and non-insurance solutions.

Commercial Insurance Services

With no strings attached and no capability to place your insurance, NICExperts arrange remote or on-site visits to assess potential risk exposures or review contracts, policies, or wordings.

Operational & Enterprise Risk Management Reviews

With decades of experience working for and consulting with reinsurers, insurers, MGAs, and brokerages of all sizes, NICExperts bring fresh ideas to improve delegated authority and internal operating efficiencies.

Navigating Delegated Authority

Taking on delegated authority operations for the first time requires proper balancing of existing operations against new contractual requirements. A well-researched plan saves time, money, and effort in the long run.

Peer Review & Agency Audits

Design and implementation of, and training on internal or delegated authority audits independently or as partners of the agency's own team.

Insurance Audit Services

With the goal of continuous improvement, peer review or internal audit programs focus on clear & concise communications to work within existing best practices. Standard or tailored scopes of work handled remotely or on-site, are available in English or French. Licensed professionals familiar with local regulation are available on request.

Custom Consulting Services

With a wealth of experience at your fingertips, independent insurance specialists help you get over the hump, fill the gap, or help out until you find an expert of your own.

Expert Witness

Fact-based opinions are measured against relevant and appropriate professional, regulatory, and industry standards to assess technical and operational strengths and weaknesses.

Pre-Agency, Due Diligence & Run-Off Reviews

Focus is to work with onboarding teams to ensure early success before delegated authority partnerships begin or when contract changes require follow up review.

Operational Reviews

Bordereaux & Reporting Reviews

Focus is on bordereaux trends, outliers, premium funds tracking, claims fund management, and satisfactory reporting requirements. Custom reviews and beta testing is available for on-line systems

Peer Review and Agency Audits

The most comprehensive reviews can include a mix of multiple functional areas including company, compliance, underwriting, claims, operations, IT, bordereaux, and accounting.

Insurance and Audit Services

With continuous improvement and relationship building as a common goal, Delegated Authority or Internal Audits focus on clear & concise communications to generate open discussions about findings and resolutions. Standard or tailored scopes of work, remote or on-site, are available in English or French

Lloyd’s Coverholder & Third-Party Administrator (TPA) Audits

Focus is to work with onboarding teams to ensure early success before delegated authority partnerships begin or when contract changes require follow up review.

Lloyd’s Operational Reviews

With decades of experience working for and consulting with Lloyd's Managing Agents, Coverholders, DCAs, and brokerages of all sizes, NICExperts bring fresh ideas to improve delegated authority efficiencies.

Lloyd’s Bordereaux & Reporting Reviews

Focus is on bordereaux trends, outliers, premium funds tracking, claims fund management, and satisfactory reporting requirements. Custom reviews and beta testing is available for on-line systems.

Lloyd’s Underwriting & Claims Technical Audits

With subject-matter experts in multiple fields and disciplines, technical underwriting & claims file audits span a diverse range of portfolios.

Lloyd’s Compliance Reviews

Compliance reviews focus on corporate ownership, company policies, and testing of regulatory, legal, tax, and licensing oversight.

Lloyd's CH & Delegated Claims Administrator (DCA) Audits

The most comprehensive reviews include multiple functional areas including company, compliance, underwriting, claims, operations, IT, bordereaux, and accounting.

Lloyd’s Delegated Authority Insurance & Audit Services

With continuous improvement and relationship building as a common goal, Delegated Authority Audits focus on clear & concise communications to generate open discussions about findings and resolutions. Standard or tailored scopes of work, remote or on-site, are available in English or French.

For Lloyd's

For (RE) Insurers

For Insurance Intermediaries

For CommercialBuyers

For Mutual Insurers

Delegated Authority Audits – NICExperts’ Role and Responsibility Navigating COVID-19

Custom Consulting Services & Training

Custom Consulting Services & Training

Underwriting & Claims Technical Audits

Custom Consulting Services

Sales Training and Brokerage Relations

Strategic and Operational Reviews

Commercial Insurance – Underwriting Audit and Training

Home, Auto, and Farm Insurance – Underwriting & Claims Audits

Part of the Team

Enterprise Risk Management Reviews

Commercial Insurance Services

Operational & Enterprise Risk Management Reviews

Navigating Delegated Authority

Peer Review & Agency Audits

Insurance Audit Services

Custom Consulting Services

Expert Witness

Pre-Agency, Due Diligence & Run-Off Reviews

Operational Reviews

Bordereaux & Reporting Reviews

Peer Review and Agency Audits The most comprehensive reviews can include a mix of multiple functional areas including company, compliance, underwriting, claims, operations, IT, bordereaux, and accounting.

Peer Review and Agency Audits

Insurance and Audit Services

Lloyd’s Coverholder & Third-Party Administrator (TPA) Audits

Lloyd’s Operational Reviews

Lloyd’s Bordereaux & Reporting Reviews

Lloyd’s Underwriting & Claims Technical Audits

Lloyd’s Compliance Reviews

Lloyd's CH & Delegated Claims Administrator (DCA) Audits

Lloyd’s Delegated Authority Insurance & Audit Services

For
Lloyd's

For
(RE) Insurers

For Commercial
Buyers

Peer Review and Agency Audits

The most comprehensive reviews can include a mix of multiple functional areas including company, compliance, underwriting, claims, operations, IT, bordereaux, and accounting.