Underwriting solutions provided for start-ups on a global basis.
Our Unique Experience
Mocden Insurance Services has an experience of designing insurance programs from scratch mentoring Managing General Agents (MGA) and or Third Party Administrators (TPA) in the design, coverage, pricing and operational flow of their business. Our London based Underwriters acknowledge and value our input.
To the MGA or the TPA we can provide a valuable resource providing assistance in compliance, claims oversight, management reporting, data analysis, product design and pricing.
We can provide product support in:
- Extended warranty programs for Automobiles, Heavy Plant and Equipment, Trucks and Consumer Electronics (brown goods) and Major and Small Appliances (white goods);
- Road Hazard (includes tyre, key and appearance protection) for Automobiles;
- OEM Parts Coverage and Deductible Reimbursement for Automobiles;
- Gap Protection for Automobiles;
- Loan Protection triggered by total loss or involuntary unemployment;
- Miscellaneous Affinity Programs - inclusive of small add on type benefits;
- Product Enhnacement Programs such as buy-back guarantees or mandatory benefits as a result of mechanical breakdown, total vehicle loss or involuntary loss of unemployment; and
- Residual Value Insurance where we have a client who is prepared to share data and information.
Our expertise stems from a background:
- Structuring and supporting insurance programs on an international basis;
- First Hand Claims Experience;
- Compliance Oversight;
- Contract drafting - Heads Of Agreements, Contractual Liability Insurance Policy, Vehicle Service Contracts, Extended Service Contracts, insurance policy wordings, Reinsurance Agreements, Service Agreements, TPA and or MGA Agreements, Profit Share Clauses;
- Setting up databases and designing management reporting - premium and claims bordereau reporting, cash flow reporting and reconciling analysis;
- Troubleshooting and teams meeting hands-on involvement;
- Williness to travel the globe and to work across a myriad of international time zones.
We will consider start-ups and hard to place programs.
Working With TPA's
Job Loss Protection Insurance, Auto Warranty (Vehicle Service Contracts) & Residual Value Insurance.
Achieving success through experience and expertise
Discretion
privacy is our top priority
Heavy Plant Equipment Warranty,
Brown Goods & White Goods Warranty.
Our highly qualified experts will complete any task fast and reliably
Start-Ups & Hard To Place Risks
As an Insurance Consultant we are independent which enables us to work with not just one broker but many. This enables us to fully access Lloyd's and Company Underwriters on all Third Party Administrator or MGA solutions from start ups and/or hard to place risks.
We have worked on many challenging assignments which have involved risks associated with construction and agricultural equipment, auto vehicles, brown and white goods, yachts and loans.
We are very hands on and bring underwriting expertise and in some instances can access and pool from existing comparable data and or case studies.
Residual Value Insurance
In response to requests from our clients we have also assisted on structuring buy-back programs and structured solutions which may be deemed to be either residual value insurance or bonds.
We recognize initial projects with a poor presentation can either be dismissed or misunderstood by large corporate brokers or insurance companies.
This is a particularly specialized area and we will walk you through the hurdles.
Assessing Your Data & Reporting Requirements
Data is essential to provide Underwriters with confidence that risk exposure is adequately reflected in the pricing.
This is not a one time request. We will help you meet the Underwriter's expectations that data is continuously monitored.
