Due Diligence & Pre-Bind Services
Independent Operational Due Diligence That Gives You Confidence in New MGA, Coverholder and TPA Partners
Do you really know the partner you are about to bind with?
Expanding through new MGAs, Coverholders or Third-Party Administrators brings opportunity, but without a detailed, independent evaluation the risks to your reputation, brand and quality standards can stay hidden until it is too late.
How Pro Global Helps
Our Business Due Diligence service delves into the aspects of a potential partner’s operations that matter most: underwriting practices, claims handling, financial health, technology infrastructure and compliance posture, so you can make informed decisions with confidence.
Why choose Pro Global for Due Diligence?
Every review is tailored to your specific needs and risk profile, rather than a standard checklist, so the findings speak directly to the decision you need to make.
Subject matter experts in underwriting, claims, finance, technology and compliance each bring deep industry knowledge and a unique perspective to the assessment.
Accessible worldwide, with teams experienced in multiple languages and across Lloyd’s and non-Lloyd’s markets.
We check that a potential partner’s practices are compliant with regulatory and contractual requirements before you commit.
Accurate, thorough results that fortify your decision-making and give you a clear view of a partner’s strengths and the opportunities to address.
Our Business Due Diligence team supports carriers looking to expand their partnership network, with a thorough analysis of third-party operations focused on the areas critical to your success.
A Simple Proven Review Process
STEP 1:
Scoping & Risk Profile
We agree the scope with you, based on the partner type, the business to be written and your risk appetite.
STEP 2:
Operational Review
Our specialists assess underwriting, claims handling, financial health, technology, operations and compliance, end to end.
STEP 3:
Findings & Reporting
A clear report of strengths, gaps and critical challenges, with the insight you need to make an informed decision.
STEP 4:
Onboarding & Ongoing Assurance
Support to address findings, agree licensing and controls, and build a trusted partnership from day one.
Client Success Story
MGA Onboarding Due Diligence
Challenge:
A prominent re/insurer needed tailored due diligence to support the onboarding of a new MGA, with confidence that the partner’s controls and licensing approach were sound.
Solution:
Pro Global’s audit team conducted an end-to-end review of underwriting, accounting, reporting, compliance, operations and IT controls.
Outcome:
Critical challenges in the MGA’s licensing approach were identified and addressed, and a trusted partnership developed that went above and beyond the initial brief.
Service Expertise
- Bespoke due diligence tailored to your needs and risk profile.
- Subject matter experts in underwriting, claims, finance and compliance.
- End-to-end review of operations, technology and controls.
Industry Accreditations & Market Expertise
- Lloyd’s and non-Lloyd’s market expertise.
- Globally accessible, multilingual teams.
- Dedicated audit and advisory specialists.
FAQs
An independent, detailed evaluation of a potential MGA, Coverholder or TPA partner covering underwriting practices, claims handling, financial health, technology infrastructure and compliance, so you can decide whether they meet your standards.
Before binding or onboarding a new partner, when renewing or expanding an existing delegated authority, or when a change in ownership, strategy or performance raises questions.
Whatever your risk profile requires. Typically an end-to-end review of underwriting, accounting, reporting, compliance, operations and IT controls, delivered by subject matter experts in each area.
A clear, decision-ready report setting out strengths, gaps and critical challenges, with practical recommendations to address them before you commit.
Yes. Our service is accessible worldwide, with teams experienced in multiple languages and across Lloyd’s and non-Lloyd’s markets.
