Authority Audit
Coverholder audits that test every bound risk against the binder, with a cited draft report in days.
Why it matters
Audits test a small sample of files on site over weeks; findings are typed up by hand and breaches outside the sample stay hidden until the next year.
How the solution handles it
Five agents read the binder, test every bound risk against its limits and conditions, check licences, sanctions and controls, collect the evidence asked for, and draft a report with each finding cited. The audit lead rates every finding and signs; MGA reviews that many US states require at least annually or semiannually can run from the same record.
How an audit moves
Five specialist agents read the binder, test every risk, check controls and draft findings; the audit lead rates each finding and signs.
What it reads, and what it hands back.
What goes in
- Binding authority agreement and schedule
- Risk and claims bordereaux
- Policy and claim files
- Licences, TOBA and controls evidence
What comes out
- Draft audit report with rated findings
- Full-population test results
- Evidence request list
- Signed audit record
Who uses it
The difference, in numbers.
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
Sources: Lloyd’s Code of Practice, Delegated Underwriting · NAIC MGA Act (#225) state adoptions (on-site reviews, e.g. semiannual in NY and MO) · “Target” = design goal, measured in the live solution · “Estimated” = our estimate
5 specialist agents. One person decides.
More in this division.
Every monthly bordereau checked row by row against the binder, with breaches flagged before the month closes.
Claims BordereauxEvery TPA claims bordereau checked against authority and reserves, with leakage flagged each month.
Coverholder OnboardingNew MGAs and coverholders vetted against your standard in days, every answer tied to its evidence.
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for your team.
We’ll show Authority Audit running on your own documents.