Lesson 3 of 3•AI for Surplus Lines & Specialty0 of 3 complete (0%)
15 min read
Surplus Lines Placement & Program Design
What you'll learn
- 1Design multi-carrier surplus lines programs for complex risks
- 2Manage the placement process from submission through binding
- 3Build long-term surplus lines relationships that ensure market access
Complex Program Design
Many surplus lines placements involve multiple carriers sharing a risk, layered programs, and manuscript policy forms. Designing these programs requires both technical skill and market knowledge.
Program Structure Design
Layered Program Architecture
Create a program structure: 1. PRIMARY LAYER: $[X]M x $[Y]M retention - What type of carrier is best for the primary? (specialist? lead market?) - What policy form considerations are critical? - What is the expected pricing for this layer?
- 1.FIRST EXCESS: $[X]M excess of primary
- 1.SECOND EXCESS / UMBRELLA: $[X]M excess of first excess
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What you'll learn:
- Design multi-carrier surplus lines programs for complex risks
- Manage the placement process from submission through binding
- Build long-term surplus lines relationships that ensure market access