Policy Review to reduce E&O Exposure and Compliance failures The Preferred Partner www.exdion.com USA | UK | INDIAPolicy Review is a critical activity for agencies and brokers alike. A Rough Notes study estimated that 53% of policies issued by carriers contain an error and about 90% of those policies actually contain 2 or more errors. Based on the policy premiums, the complexity varies and in general it could consume between 25 minutes to 4 hours to check a policy comprehensively. There are numerous possibilities for the policy to contain exclusions or limitations that were not noted on the carrier quote or renewal pack. The bandwidth needed to perform a comprehensive check is almost non-existent with any agency operation today. Our client, a leading TOP 20 global broker, opera

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