Underwriting
This adds the related entities or other parties as additional insureds under the policy, giving them direct rights to the policy.
Additional Insured Endorsement
This Carrier is our largest Reinsurer.
Who is Munich RE ($75M)?
This is the number of SDI Risk Engineers we have at AXA XL.
What are 8?
This is Derek's favorite baseball team.
Who are the Chicago Cubs?
Name the NFL team with largest fan base. (Hint: it significantly expanded in 2023-24)
Kansas City Chiefs
This is the reason for having Tiered Rate Deductible endorsement in place.
What is a Split/Bifurcated program?
This is the difference(s) in Underwriting & Risk Engineering processes for policies that require reinsurance approval?
What are NONE?
SAN is an acronym for this.
What is Subcontractor Alert Notice?
True or False: Insured staff labor costs submitted in a claim can be either Billable Rates to the Owner or Actual Incurred Costs.
False. What are only Actual Incurred Costs?
This film scored the most Academy Award nominations for 2024.
What is Oppenheimer.
This is the year AXA XL’s SDI program was started and first account written.
What is 2011?
This is the longest duration project policy we are allowed to issue.
What is 60 months?
This subcontractor trade increased in AXA XL Ground Up loss percentage from 13% in 2022 to 19% in 2023.
What is Electrical?
These are the markup endorsements for claims.
What are the Self Performed Work Endorsement, the Agreed Direct Cost Markups Endorsement, and Indirect Cost Agreed Amount Endorsement.
This is the stadium name of the location for the 2024 Super Bowl.
What is Allegiant Stadium.
Name 1 step the UW can take to make sure AXA XL doesn’t have efficacy requirements exposure with a specific client.
1) Make sure there are no performance guarantees in the contract, 2) Add Power Plant Endorsement 3) Add Warranty Exclusion Endorsement
This is the number of policies with limits > $50M but not exceeding $75M we are allowed to issue per treaty year.
What is 10?
These are the Benchmark services offered by Risk Engineering.
What are Prequalification, Quality, Schedule, TAMI, and Contract Review.
The SDI policy provides that indemnification will be provided within this number of days of receiving satisfactory proof of loss.
What are 30 days?
This movie has the year's most Oscar nominations with 13 total, including Best Picture, Best Director, and 3 acting nominations.
What is Oppenheimer?
Scenario: Our client requests to add a project with the following parameters:
Confirm JV agreement states that client controls SDI processes (prequal, selection, management, and default/termination
These are the countries we are allowed to issue policies in.
What are US and Canada?
Over 70% of AXA XL accounts have an RE score greater than this.
What is 3.5?
The sublimit for Indirects.
What is $5 million.
Taylor Swift has accumulated this much $ in brand value for the NFL and the Kansas City Chiefs.
What is $331.5 million?
Name 2 potential scenarios where a co-payment layer would be quoted as $0 or not offered.
1. No early reporting option, 2. Client’s reporting processes are best in class, 3. Competing with Liberty, or 4. Client’s or broker’s request
This is the % of reinsurance purchased in the 2023 treaty.
What is 57.25%?
This is the number of SDI RE services completed in 2023.
What is 201?
This is the outside counsel used for subrogation.
What is WhiteParhas LLC?
What is March 30, 1964.