London Insurance Market (LIM). The LIM Organization Structure International Center for Insurance services Attracts about over £4b in the form of invisible export earnings annually.
Broker Creates Risk package
with input from client
Broker Presents Risk Package to Underwriter
Lead Underwriter Assesses Risk Package
Note: After negotiation with lead Underwriter, Broker request participation from fellow Underwriters who typically accept agreed terms and conditions.
Lead Underwriter may Request Supporting Information
Broker Receives Request and supplies Requested information