Product Oversight and Governance & Legal Design
Regulatory compliance and clarity of insurance documentation is essential in claims matters and risk management. In a worst-case scenario, misleading or inadequate documentation can lead to the insurance company having to carry risks the insurance product was not meant to cover at all.
Our experts have in-depth practical experience in designing insurance products and insurance terms and conditions as well as drafting and reviewing insurance documentation. This documentation includes, e.g. insurance terms and conditions, product descriptions, KID and IPID documents, sales and marketing materials as well as insurance policies and annual statements. As our client, our extensive knowledge of the entire life cycle of insurance products is at your disposal.
Our services include:
- Assisting in product development and design
- Drafting and reviewing insurance documentation
- Advice on POG procedures
- Legal design
- Commenting and auditing guidelines (e.g. UW guidelines), policies and process descriptions