Swiss Re (Westport) Risk Management Credit Program
Attend an IA&B Seminar and qualify for a Risk Management Credit
To qualify for the 10% risk management credit the following requirements must be met:
- The applicant must be a current member of Insurance Agents & Brokers (IA&B).
- The Insured/Applicant must attend a 3 hour risk management seminar that is approved by Swiss Re (Westport). It can be classroom, on-demand self-study (exam required), live webinar, or in-house.
- Attendance requirements by size of agency (see chart).
- The credit is good for two continuous policy terms.
- Agencies qualifying for the 10% Risk Management Credit can increase the credit by up to a maximum 20% by satisfying two of the following three additional 5% credit options:
- 50% or more of staff attend the risk management seminar
- Receipt and review of agency coverage checklists
- Insured/Applicant completion and implementation of the Critical and Urgent Improvements from a voluntary website Operational Efficiency Review. This credit is valid for four consecutive terms (not to exceed a total of 48 total consecutive months) and is applied at the first policy year following completion of the audit. The audit needs to be completed by an approved auditor.
| Agency Staff Size | Position In Insured Agency | Attendees Required |
|---|---|---|
| 1-4 | Active Agency Principal, Owner, Partner, or Officer | 1 |
| 5-11 | 1 - Active Agency Principal, Owner, Partner, or Officer And any combination of Producers or CSRs | 3 |
| 12+ | 1 - Active Agency Principal, Owner, Partner, or Officer And any combination of Active Agency Principal, Owner, Partner, or Officer, Operations Manager, Producer, or CSRs | 25% of staff (Max of 15 attendees) |
| * Active Agency Principal, Owner, Partner, or Officer is defined as participating in daily operations of the agency; owners who are investors or have no active participation of the agency are not included. | ||
THREE CONVENIENT OPTIONS TO RECEIVE YOUR CREDIT.
Approved Courses for SwissRe (Westport)
Live Webinars:
- Agents E&O: Duties, Operations, Checklists and More
- Agents E&O: Documentation, Social Media, Cyber and More
On-Demand Seminars:
- Commercial Liability Coverage Gaps
In-House:
To have a seminar conducted specifically to your employees,
contact IA&B Events Manager Alane Fagan at
AlaneF@IABforME.com or 800-998-9644, ext. 512.
5050 Ritter Road
Mechanicsburg, PA 17055
Mechanicsburg, PA 17055
191 Main Street
Annapolis, MD 21401
Annapolis, MD 21401
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