DECLINEDSUBMISSIONSSECONDLOOK

As part of the Constructing Change project: Do More with What We Have, there has been a change to make sure that we are not declining risks that may otherwise fit in our appetite. Sometimes a second pair of eyes helps us find additional ways to write an account instead of decline it. So, when an underwriter wishes to decline an account, another manager will review just to see if there is a way we can write it. This will apply to all of the following types of declines:

Competitive Disadvantage

Unable to inspect, prospect refused (UTI)

Not Enough Time (NET)

Unable to inspect jobsite (UNI)

Not Enough Information (NEI)

Premium vs Exposure (PVE)

Unsatisfactory Loss Control Inspection (USI)

Must have poor / marginal rating by FSP

Rescinded - Inspected with good, very good, unable rating by safety

Poor Loss History (PLH/F)

This is something that we can talk with our agents about. We are a true underwriting company. Matter of a fact, we are currently having a second pair of eyes look at accounts that are being declined for a variety of reasons. That way, we can make sure there was not a way around what initially looked like a road block.