Coverholder Oversight and Audit Support

We conduct comprehensive audits of existing coverholders to assess compliance with binding authority agreements, local laws, and industry best practice. Scope includes: Underwriting and claims files Audit trail analysis Infrastructure and record keeping review Adaptation of Lloyd’s Audit Scope for local jurisdictions Our audits provide actionable insights and help underwriters maintain operational oversight.

For underwriters outsourcing claims management, GSI offers structured audits of local claims administrators. Features: Collaborative Terms of Reference Lloyd’s Audit Scope adaptation for regional markets Claims process and infrastructure evaluation We ensure outsourced operations meet performance and compliance expectations

Before granting binding authority, underwriters rely on GSI to assess potential coverholders and their books of business. Review focus: Organisational capability Regulatory environment Due diligence on proposed business Risk and governance alignment These reviews support confident, informed appointment decisions.

GSI provides oversight and support to ensure orderly run-off of binding authority agreements. Customisable audits address: Claims closure and reconciliation Outstanding obligations Recordkeeping and reporting Jurisdiction-specific concerns We help underwriters manage transitions with clarity and control.

GSI advises London-based underwriters on business, financial, legal, and regulatory matters relating to coverholders. Expertise includes: Governance and compliance frameworks Operational risk and infrastructure Cross-border regulatory strategy Market-specific insights across Asia-Pacific

GSI has conducted audits in New Zealand, India, Hong Kong, Singapore, and throughout Asia-Pacific since 2001. We offer remote auditing solutions to deliver cost-effective, high-value oversight across borders — without compromising rigour or responsiveness.