- Report this article
David Turner
+ Follow
The C-Suite at hedge funds often asks me about the types of questions insurance underwriters are likely to ask before a Directors and Officers (D&O) and Errors and Omissions (E&O) underwriter meeting.
Insurers conduct due diligence on a company before the meeting to assess risk. However, additional questions will likely arise during the meeting that couldn't be fully addressed through the initial underwriting submission, which includes financials and investor presentations, as well as information that is publicly available.
An underwriter meeting is not intended to be an inquisition, where insurers rapidly fire questions at company management for an hour. Instead, it’s an opportunity to humanize the underwriting process, allowing insurers and company executives (CFO, COO, General Counsel, etc.) to meet face-to-face and foster better relationships. It also provides a chance for a company to differentiate its risk and leave underwriters with a positive impression.
The more transparency that insurers have into your business, the better they can price your risk and provide superior policy terms and conditions. Otherwise, by nature insurers will price higher what they don’t know.
Recommended by LinkedIn
An insurance broker should gather questions from insurers in advance to provide ample time for a company to prepare thoughtful responses and clarify any misconceptions about its risk, thus ensuring a positive meeting outcome. Below are 16 commonly asked questions insurers ask hedge funds during an underwriter meeting:
The questions above represent only a small sample of what insurers typically inquire about to understand a company's overall risk, emphasizing the importance of companies partnering with a skilled insurance broker who will provide guidance and advocacy throughout the entire underwriting process. An underwriter meeting marks the start of what ideally evolves into a long-standing partnership between a hedge fund and its insurers.
***
David Turner specializes in delivering comprehensive insurance and risk management solutions for financial institutions.When not helping companies make better-informed insurance decisions, he can likely be found on a tennis court or enjoying the East Village of NYC where he lives with his wife and two children.
Help improve contributions
Mark contributions as unhelpful if you find them irrelevant or not valuable to the article. This feedback is private to you and won’t be shared publicly.
Contribution hidden for you
This feedback is never shared publicly, we’ll use it to show better contributions to everyone.
Like
Celebrate
Support
Love
Insightful
Funny
13
To view or add a comment, sign in
More articles by this author
No more previous content
- From Skeptic to Fan: How I Came to Love Pickleball Jun 1, 2024
- 4 Strategies to Enhance Private Fund Insurance Coverage Oct 30, 2023
- Top Tips For Optimizing a Capital Markets CRM Platform Mar 17, 2019
- 7 Lessons I Learned from Coaching My Six Year Old Son’s Baseball Team Jun 14, 2018
- How Companies Retain Far More Cyber Risk Than They Realize Jan 9, 2018
No more next content
Sign in
Stay updated on your professional world
Sign in
By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.
New to LinkedIn? Join now
Insights from the community
- Business Management What are the best ways to prepare for operational due diligence in hedge funds?
- Sales Management What objections might you encounter when selling to hedge funds?
- Investment Banking What are the best practices for using risk-adjusted performance evaluation with mutual funds?
- Investment Banking What is the best way to measure market risk for hedge funds?
- Sales Management How can you use analytics to understand hedge fund clients?
- Financial Management How do you become a fund manager?
- Analytical Skills What are the best practices for data analysis in hedge funds?
- Commercial Real Estate What are the best practices and tools for IRR modeling and forecasting in CRE fund management?
- Cash Flow Forecasting How do you manage cash flow hedge accounting for complex or dynamic hedging strategies?
- Economics How can you evaluate a mutual fund's performance?
Others also viewed
- Credit Hiring Trends: H2 2023 Sven Dwars 10mo
- Reinsurance is no free lunch for hedge funds Fiona Robertson 8y
- If information is money, then Solvency II is a goldmine for asset managers. Phoebe Toal 9y
- Rise in new form of ‘portfolio insurance’ sparks fears Robin Wigglesworth 7y
- Hedge Fund Maneuvers In The Dark David Cunix 4y
- Big insurers prefer fund management Jeremy Fallows 8y
- Marsh Voted 'Best Global Insurance Provider' Hedgeweek Awards 2015 Rawden Leigh ACII (Chartered) 9y
- Activist Hedge Funds Were Taken For A Roller Coaster Ride In Insurance Stocks. Now You Can Take Advantage of Their Misfortune Alex Gavrish 3y
- Partnering Made Practical – A New Model for International Asset Manager to Build up China Presence Wei Sun 4y
Explore topics
- Sales
- Marketing
- Business Administration
- HR Management
- Content Management
- Engineering
- Soft Skills
- See All