What this guide helps you evaluate
risk, finance and insurance teams selecting specialist insurance services or claims technology where collateral, valuation, claims outcomes and insurer acceptance materially affect cost. This renewal and contract checklist helps organize a decision about captive fronting carrier service.
This page is designed to help you compare the moving parts, organize due diligence and ask better questions before you commit money, sign a contract or change an operating process.
Define the business outcome, decision owner, expected term and the evidence needed to validate fronting structure and collateral.
Normalize fronting structure and collateral, claims and reinsurance responsibilities and fronting fees and regulatory support before comparing proposals or internal options.
Keep assumptions separate from verified facts and record the source, date and owner for material requirements.
What to compare first
- fronting structure and collateral
- claims and reinsurance responsibilities
- fronting fees and regulatory support
- coverage or service scope
- data and evidence quality
- fees, controls and operating responsibilities
Step-by-step process
- 01
Record renewal, notice, termination, price-change and evidence deadlines from the signed agreement.
- 02
Compare actual performance and usage against the original assumptions for fronting structure and collateral, claims and reinsurance responsibilities, fronting fees and regulatory support.
- 03
Reconcile invoices, service issues, credits, commitments and unresolved obligations.
- 04
Benchmark current economics and identify terms that need repricing, clarification or risk reallocation.
- 05
Document the renew, renegotiate or exit decision before contractual notice windows expire.
Common mistakes and risk checks
- comparing price without coverage or responsibility detail
- using incomplete exposure or claims data
- failing to define collateral, reporting or insurer-acceptance requirements
- Treating a renewal and contract checklist as a substitute for signed agreements, current official rules or qualified professional review.
Documents and evidence to collect
- current insurance program and loss history
- exposure or valuation schedules
- claims or reinsurance workflow
- broker, carrier or vendor proposal
Questions to ask before approval
- How is fronting structure and collateral defined, measured and evidenced?
- What changes if claims and reinsurance responsibilities is higher or lower than the base case?
- Which fees, exclusions, implementation tasks or operating duties sit outside fronting fees and regulatory support?