Mastering Binder Risk Bordereaux

Course Introduction

This interactive online insurance training session reviews the risk bordereaux in effective binder and line-slip management. Delegates will gain an understanding of the process of the risk bordereaux, completion as well as practical skills in analysing the data for accurate analysis both for the binder itself and portfolio management.

Who should attend

This session is suitable for junior level brokers and underwriters, as a refresher for people with up to 2 years’ experience and also anyone within other departments looking to build knowledge.

Course Content

• Understanding the risk bordereaux
  • Which placements require risk bordereaux
  • Standard formats
  • Life cycle of risk bordereau and reporting impacts
  • RMS/AIR EDM Advantages & Disadvantages
• Standard formats
  • Understanding ACORD Format
  • Advantages & Disadvantages of spreadsheet formats
  • RMS/AIR EDM
  • Advantages and Disadvantages of EDMS
• Post Bind Checks for Binder Management:
  • Why bordereau reviews required
  • Key reviews to carry out
  • Additional reviews against exclusions and guideline restrictions
• MI Reporting for Portfolio Management:
  • Benefit to comparing contracts
  • Key factors to review
  • Software & Mapping Tools including Pivot Tables
• Working Examples:
  • How to build basic pivot tables for reviews
  • How to create formula within a pivot table
  • How to add ‘sliders’ to a pivot table