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  • Underwriting Report November 2012

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    Credsure
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    This document contains an underwriting and claims report for November 2012 from Credsure House. It summarizes that they have written 43% of their budgeted GPI, with the largest portions coming from Motor (34%) and Marine (33%) classes. It also provides details on claims by branch, with the largest portion of paid claims coming from the Harare branch (59%). There is a note that the Bulawayo branch claims are relatively high and a review may be needed.

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    This document contains an underwriting and claims report for November 2012 from Credsure House. It summarizes that they have written 43% of their budgeted GPI, with the largest portions coming from Motor (34%) and Marine (33%) classes. It also provides details on claims by branch, with the largest portion of paid claims coming from the Harare branch (59%). There is a note that the Bulawayo branch claims are relatively high and a review may be needed.

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    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    11 views6 pages

    Underwriting Report November 2012

    Uploaded by

    Credsure
    This document contains an underwriting and claims report for November 2012 from Credsure House. It summarizes that they have written 43% of their budgeted GPI, with the largest portions coming from Motor (34%) and Marine (33%) classes. It also provides details on claims by branch, with the largest portion of paid claims coming from the Harare branch (59%). There is a note that the Bulawayo branch claims are relatively high and a review may be needed.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    Credsure House,69 Sam Nujoma ST P.O.

    Box CY 1584 Causeway,HRE Tel : 263 -4- 738944 or 706101-4 Fax (263-4) 706105

    REPORT
    VARIANCE 54,603.08 54,603.08 (41,396.92) (41,396.92) -43%

    Underwriting & Claims Report For November 2012


    GPI WRITTEN TO DATE BUS TRANSACTION ALL BUSINESS BUDGET USD USD ACTUAL 96,000.00 USD 96,000.00 USD

    REMARKS "We have written 43% of the budget." GPI BY BUSINESS CLASS MOTOR ACCIDENT ENGINEERING FIRE MARINE TOTAL USD USD USD USD USD USD 18,810.66 5,182.67 5,512.81 7,265.05 17,831.89 54,603.08 34% 9% 10% 13% 33% 100%

    MARINE, 33%

    MOTOR, 34%

    FIRE, 13% ENGINEERING, 10% ACCIDENT, 9%

    Diagram 1.0 - GPI By Business Class

    NUMBER OF CLAIMS REGISTERED / ESTIMATES BRANCH HARARE FARMING BULAWAYO MUTARE TOTAL NUMBER OF CLAIMS 35 1 4 4 44 ESTIMATED AMOUNT % OF TOTAL AMOUNT USD 56,162.22 89% USD 550.00 1% USD 3,527.80 6% USD 2,639.85 4% USD 62,879.87 100%

    LARGE LOSS RESERVES BRANCH HARARE FARMING BULAWAYO MUTARE TOTAL PAID CLAIMS BY BRANCH BRANCH HARARE FARMING BULAWAYO MUTARE TOTAL NUMBER OF CLAIMS 72 7 17 4 100 AMOUNT PAID % OF TOTAL AMOUNT USD 73,489.11 59% USD 3,434.91 3% USD 42,735.38 35% USD 3,978.18 3% USD 123,637.58 100% LARGE LOSS RESERVE

    USD

    32,128.57

    MUTARE, 3% BULAWAYO, 35%

    HARARE, 59%

    FARMING, 3%

    Diagram 2.0 - Paid Claims By Branch

    REMARKS ON CLAIMS "Bulawayo branch claims are relatively high @ 35% of paid claims for the month of October 2012. There is need to do an analysis or review of portfolio perfomance from time to time to avoid further deterioration." - LM
    Prepared By : Chibvuri Ishmael | 09 November 2012

    Underwriting Report As at 31.03.2012


    GPI WRITTEN TO DATE BUS TRANSACTION NEW BUSINESS RENEWALS ENDORSEMENT FACULTATIVE BUDGET USD USD USD USD USD ACTUAL USD USD USD USD USD VARIANCE 51,431.17 10,247.31 8,290.11 69,968.59 (27,618.83) (89,752.69) 5,290.11 (112,081.41) % -35% -90% 176% -62%

    79,050.00 100,000.00 3,000.00 182,050.00

    REMARKS We have written 48% of the budget. GPI BY CLASS MOTOR BUS TRANSACTION NEW BUSINESS RENEWALS ENDORSEMENT FACULTATIVE NON MOTOR BUS TRANSACTION NEW BUSINESS RENEWALS ENDORSEMENT FACULTATIVE

    BUDGET USD USD USD USD USD BUDGET USD USD USD USD USD

    47,430.00 60,000.00 1,800.00 109,230.00

    ACTUAL USD USD USD USD USD ACTUAL USD USD USD USD USD

    17,694.02 5,219.00 6,891.75 29,804.77

    VARIANCE USD USD USD USD USD VARIANCE USD USD USD USD USD

    (29,735.98) (54,781.00) 5,091.75 (79,425.23)

    % -63% -91% 283% -73% % 7% -87% 17% -45%

    31,620.00 40,000.00 1,200.00 72,820.00

    33,737.15 5,028.31 1,398.36 40,163.82

    2,117.15 (34,971.69) 198.36 (32,656.18)

    Mail Situiation Current Mail 0 Remarks Total mail prosecced - 124 pieces. Quotations INSURED Murapata Tinashe Tembo Tinashe

    Over one week 0

    Over Two weeks 0

    OverThree Weeks 0

    Total 0

    CLASS
    Motor Private Motor Private

    PREMIUM USD USD

    Broker/Agent 30.31 Direct 720.00 Direct

    REMARKS Taken Up Client to get back to us

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