In-house Underwriting

Underwriting underpins everything we do

Our expertise comes from over three decades of working with the market’s best underwriters to underwrite individual, facultative, and brokerage risk.

Underwriting decisions at Munich Re Specialty are made with delegated authority from Great Lakes. And those decisions, made entirely in-house, are quick and efficient. We look to the long-term in both our underwriting and commitment to the classes we cover. Moreover, having both delegated authority and in-house underwriting teams, means we can serve as an incubator and growth mechanism for our client relationships, resulting in us delegating authority to our clients/agents.

We consider the majority of risks.

Products

Our experienced underwriting team caters for risks in the following areas:

Dealers Open Lot and Garage Keepers

Transportation (APD & MTC)

Learn more about our coverage

Learn more about our Transportation coverage

For a car dealer or garage owner, the vehicles in their custody are both their greatest asset and their greatest risk. But standard liability or property policies typically don’t cover damages such as theft, vandalism, weather events, or collisions, making specialty insurance essential.

Our Dealers Open Lot and Garage Keepers insurance solutions offer tailored underwriting, responsive service, and quick and efficient quotes for auto-related risks.

With over 25 years of transportation underwriting expertise, our specialist in-house team can rate, quote, and bind risks directly from our desks - helping brokers move swiftly and win more business.

We cover a wide range of Auto Physical Damage (APD) and Motor Truck Cargo (MTC) risks, which can be secured on a stand-alone or combined basis for everything from single units to large fleets across a wide variety of industries.

Commercial Property

High-Value Homes

We can consider a wide range of risks and classes within the Excess and Surplus Lines market, up to a maximum risk capacity of $25m. We also offer mono line Earthquake coverage, and Mono line Wind/Hail (1st and 2^nd Tier only) and we have the ability to offer full value, primary or excess of loss layers

We have a tailored approach that looks to meet the needs of every client, and then provide them with the best solution for their needs. The sectors we consider but are not limited to are:

Churches
Health fitness & sport
Hospitality
Light manufacturing
Lodging
Municipal
Professional
Residential
Retail & wholesale
Servicing & repair
Vacant
Warehouse & distribution

Our team has the underwriting authority, through Great Lakes, to quote with capacity up to $10m. This gives us the ability to review and consider all risks, including wildfire exposures, coastal exposures, high protection class risks along with primary and excess placements. The occupancies we cover include:

Ground Up Construction and Renovation Risks
Primary
Seasonal
Secondary
Short Term rental
Tenanted
Vacant

Investor-Owned Property

Personal Fine Art And Jewelry

We have a specialist facility for investor-owned property schedules of ten or more locations, up to a TIV of $100m. Our core clientele is experienced investors who manage their properties themselves or through a company.

We look to work with those who can demonstrate good housekeeping and maintenance and have long-term-rented, single-family dwellings.

We also offer General Liability coverage for those requiring a package option. This is a national facility with capacity across all territories.

We have a specialist facility placed in Lloyd’s which can provide coverage for Private Collections of Fine Art and Specialities including Jewelry and Antique Schedules.

Our Process and Services

Technology

Claims

We make the most of the latest, most cutting-edge technology by:

Leveraging its capabilities to reduce costs, increase speed, and improve analytics.
Seamlessly integrating with US Coverholder or vendor systems to transfer data in real-time.
Instant pre bind data validation.
Providing advanced premium and loss analytics information immediately to our partners
Building out our digital rating and underwriting risk tools to remove administrative burdens and increase risk-selection speed.
Using our self-built analytical engine and associated techniques to improve underwriting, pricing, and claims management.

We know that relationships do not end after the underwriting process. That is why all our clients benefit from our dedicated claims team through the entirety of their policy’s term. Our guarantee to you:

Our experienced international teams will oversee and facilitate your claims requirements
We will consider delegating claims settlement authority to your team or Third-Party Administrator assistance
We will provide you with a proactive claims management service
We will provide advice and assistance on claims data standards and reporting requirements.

The Bridge, our web-based data management portal, is available to all our delegated partners. The portal provides access to forms libraries and underwriting guidelines, underwriting reports, and real-time data management & report processing