What type of business is it good for?
Small to midsize property and casualty insureds that are part of a specific industry or association
Michael Oliver
Senior Vice President
Insurance
Atlanta, GA
michael.oliver@axiscapital.commichael.oliver@axiscapital.com
Tel +1-678-746-9363Tel +1-678-746-9363
Solution
AXIS Commercial Automobile Insurance (when part of a multiline program)
Insurance
Solution
AXIS General Liability Insurance
Insurance
Solution
AXIS Geographic Flexibility Insurance (single state, regional, nationwide)
Insurance
Solution
AXIS Inland Marine Insurance
Insurance
Solution
AXIS Miscellaneous or Unique Product Opportunities Insurance
Insurance
Solution
AXIS Monoline or Multiline Insurance Programs
Insurance
Solution
AXIS Professional Lines Insurance, as part of a package
Insurance
Solution
AXIS Property and Related Insurance Coverages
Insurance
Solution
AXIS Specialty Personal Lines Insurance Coverages
Insurance
Solution
AXIS Umbrella & Excess Insurance
Insurance
Capabilities
- All property and casualty lines except worker compensation
Types of programs
- Industry group programs – Typically homogeneous business within a specific niche or industry group managed, processed and distributed by a specialized program administrator.
- Affinity groups – Property and casualty products delivered as part of industry association. May be sponsored in part or whole by the association as a benefit of membership.
- Binding authorities – Specialized property and casualty products (e.g., specialized commercial or personal lines, etc.) delivered through a PA or MGA platform on a regional or nationwide basis.
Business partners
The PAs and MGAs that we work with have full program administrative capabilities, including underwriting, rating, policy issuance and reporting. We utilize TPAs for claims administration, with oversight and management by AXIS Claims. We can offer profit
sharing, variable commission and support captives, whichever is the best solution that aligns both parties’ interests. We consider a diverse array of opportunities and prefer programs that have:
- Sufficient in-force gross written premium to support development costs and ongoing expenses
- At least three years of verifiable premium and loss history
- A focus on a niche market or specialty product line
- Business that can be written and priced using a well-defined underwriting template