The Underwriting and Risk Management Services practice of Alan Gray, Inc. provides operational and functional consulting in support of property and casualty risk-bearing activities across a variety of specialty coverage, exposure and industry sectors. Risk management services and underwriting services are performed by professionals with previous industry experience, having held such positions as insurance carrier chief underwriting and/or chief operational officer. Typical clients for underwriting services and risk management services include insurers, reinsurers, captives, qualified self insured organizations, Managing General Agencies (MGAs) and Risk Retention Groups (RRGs).

• Development or critique of insurance program deductibles/retentions, attachments, per occurrence and aggregate limits
• Block/book of business evaluation and structural “retain versus (re)insure” analyses
• Captive feasibility studies and reinsurance design
• Capital adequacy and allocation

• New policy design and wording including creation of tailored endorsements
• Analysis of underwriting intent versus claims and coverage
• Regulatory interface and rate filing assistance
• Litigation and arbitration support

• Underwriting and compliance audits
• Individual account testing and review
• Strategic planning and operational consulting
• Enterprise Risk Management (ERM)

• Retained as third party peer review underwriter for Lloyds Syndicate for bound and quoted accounts (residential and commercial construction liability).
• As part of our risk management services and underwriting services, Alan Gray, Inc. reviewed a series of revised contractual agreements between an MGA and carrier following a change in carrier management and updated its standard operating procedures as requested by the MGA in advance of its annual agency agreement renewal process.
• Worked with run-off surety carrier to maximize the value of recoveries from corporate and personal indemnifications.
• Developed new policy language (forms and endorsements) for an Excess and Surplus Lines carrier who wanted to integrate multiple policy coverages into one policy form.
• Analyzed Self Insured Retention (SIR) levels for a not-for-profit enterprise in conjunction with organization's broker, as part of their annual program design review.
• Designed profitability-based contingent commission agreement for a regional workers' compensation carrier in advance of an MGA renewal.
• Performed an audit of an MGA for compliance with carrier underwriting and pricing guidelines as requested by the carrier.