Pre-Bind Tasks
Occurs 90-120 days before renewal. Discuss updates with the client, market rate reports, analytics/benchmarking, and strategy.
Renewal Strategy Meeting
Occurs 1-7 days after renewal. Generate premium invoice request.
Invoicing
Create Schedule of Insurance
Update SOI/Program Schematic
Engages clients throughout the year to update on market and claims.
Advisory
Resource for all things coverage and excess form reviews.
FINPRO Coverage Central
Occurs 30-60 days before renewal. Obtain questions from the marketplace in advance. Send invites to the client and underwriting community.
Underwriting Meeting
Send document to client outlining renewal program and highlighting terms negotiated by Marsh.
Prepare Proposal
Review policies against binders, quotes, and expiring policies.
Policy Tracking and Checking
Negotiates primary and excess quotes with incumbents and solicits alternative options.
Placement
Tool used to run peer benchmarking, review litigation trends, and run multinational D&O reviews
Global FINPRO DNA
Occurs 120 days before renewal. Gather applications and loss runs. Draft renewal request email to client.
Prepare for RSM
Generate T&D and CBI. Send bind order to markets. Send T&D to client.
Binder and Transparency Documents Transmittal
Update program schematic and board deck upon client request
Update SOI/Program Schematic
Prepares renewal strategy document, analytics, and hosts meeting.
Advisory
Tool designed to help clients better understand their litigation exposure, severity if a claim is settled, program optimization.
Blue[i]
Occurs 60-90 days before renewal. Send applications and supporting documents to underwriters.
Submission Distribution
Send Binder Transmittal to client and advise of any concurrencies.
Renewal Date
Within 60 days after renewal. Policy Transmittal to the Client.
Policy Delivery
Sets up underwriting meeting, invites attendees, and collects questions.
Placement
Tool utilized to explore all historical securities class action claims and settlements.
SCA Database
Occurs 90-120 days before renewal. Send Placement Strategy Letter to the Client.
Renewal Strategy Meeting
Send CBI to client.
Renewal Date
Within 30 days after renewal. This is only applicable to accounts with revenue >$100k.
Post Bind Meeting
Ensures policies, binders and quotes are correct.
Advisory and Placement
Tool used to help create risk profiles, analyze stock charts, review analyst coverage, etc.
S&P Cap IQ