Our Program Focus
Glencar has the expertise to work with a wide spectrum of programs; however our primary focus is on small to mid-sized niche programs. These programs include value added components such as specialized knowledge of business segment or customized coverages, a specialized method of distribution, or an element of underwriting leverage. We provide property and casualty program solutions including the following lines of business:
- Commercial Property
- Commercial & Personal Inland Marine
- General Liability
- Miscellaneous Professional
- Excess Liability/Umbrella, Workers Compensation and Commercial Auto written primarily in support of other lines of business
New Program Due Diligence
Programs submitted to Glencar will follow a due diligence protocol that consists of the following:
- Review of program business plan, historical results, pricing objectives, data delivery capabilities
- Full Actuarial analysis including pricing and loss projections
- Catastrophe modeling
- Underwriting guideline and policy form review
- Underwriting and operational audits
- Creation of Pro-forma income statement
- Claims handling analysis and determination
- Program Administrator Contract execution
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