Ventiv Technology

This table highlights some of the key things a broker and an underwriter will need to properly assess your risks: WHAT KIND OF DATA DO YOU NEED? COMMERCIAL LINE OF BUSINESS PROPERTY CASUALTY FINANCIAL DATA NEEDED » Location (post code, longitude, latitude and geocode) » Construction (no. of stories, roof coverage, geometry, door and window design) » Occupancy (how is the building currently being used) » Protection (sprinklers, contingency plans, distance to nearest fire station) » Exposure (loss posed by neighbouring properties and surrounding areas) » Values » Limits » Deductions for aviation, motor and marine risks, the underwriter will need information such as; » The motor vehicle fleet » Activities (what's being transported and how) » Cargo storage locations » Type of business » Floor space » Number of employees » Employee activities » Turnover » Product types » Potential long-tail exposure » Likelihood of claims » Information about the management teams » Employee travel » Location of business units » Information about the individual employee » Controls, processes and protocols RISK MITIGATION INFORMATION Underwriters will want to know which of their previous recommendations have been completed and which are outstanding. For other lines of business, underwriters will be looking for information about the different risk mitigation strategies that have been adopted and the outcomes. Accident-reduction and risk mitigation strategies that have been adopted and the outcomes. Training and process updates including all loss prevention measures and mitigation strategies. CLAIMS HISTORY Complete records that show the frequency and severity of claims for the previous five years, at least. Complete records/ details that show the frequency and severity of claims for the previous five years, at least. Complete records/ details that show the frequency and severity of claims for the previous five years, at least. VENTIV RENEWAL PROCESS – A ZEN GUIDE | 5

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