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AIG Controlled Master Program lifecyclebefore inceptionINCEPTIONAFTER INCEPTION180 – 90 days 90 – 60 days 45 – 30 days 15 – 0 days 0 – 60 days 60 – 180 days 150 – 210 days120 – 90 daysbefore expirationRisk & coveragereviewRisk &coveragereviewOccurs 180 to 90 daysbefore program inceptionThe Corporate Client and the Producing Broker complete a Risk andCoverage Review of every country where the client has operations.They gather and analyze information on:• Risk exposure• Claims handling and reporting requirements• Loss experience• Management information needs• Policies and certificates of insurance• Loss prevention and loss control practices• Other service requirementsBy 120 to 90 days out before the inception date, the insured’s risk exposure and coverageinformation is consolidated, reviewed and assessed.This Controlled Master Program lifecycle provides an estimate of the timing of an average implementation.16
AIG Controlled Master Program lifecyclebefore inceptionINCEPTIONAFTER INCEPTION180 – 90 days 90 – 60 days 45 – 30 days 15 – 0 days 0 – 60 days 60 – 180 days 150 – 210 days120 – 90 daysbefore expirationSubmissiondevelopmentSubmissiondevelopmentOccurs 90 to 60 daysbefore program inceptionThe Corporate Client and the Producing Broker finalize programspecifications and present them to the underwriter in a Submission(request for proposal). The Submission details the program’s objectives,locations to be covered and the exposures involved.At this stage, the Corporate Client and Producing Broker may meetwith the underwriters to discuss the specifications before they are formallypresented. This practice is greatly encouraged because it is an excellentway to help optimize the program design.This Controlled Master Program lifecycle provides an estimate of the timing of an average implementation.17
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