ABOUT REVIEW AUDIT

REVIEW AUDIT is a consultancy business that was established by and works with experts in London’s insurance industry, and which primarily specialises in assisting insurance entities to proactively and competently manage all delegated authority business.

PETER DRISCOLL set up REVIEW AUDIT to provide these specialist insurance services to the London Insurance Market, and at the same time to set himself a new challenge in these exciting times.  (For details of Peter’s full expertise please see the Peter Driscoll page.)  The services that Peter has carried out for REVIEW AUDIT include the following:

Coverholder Audits

Since May 2014 Peter has carried out 28 coverholder audits that have followed the Lloyd’s audit scope (or with some modifications thereof for company market insurers).  The audit reports have been drafted either in a narrative style (which is preferred) or in a question and answer format.

The audits have included the following classes of business: Financial Institutions (Worldwide); Property & Casualty (Canada); Homeowners (US); Property (for ex-pats in Spain and Portugal); Surety (insolvency / consumer related); Commercial and Household (Caribbean); Fine Art (London Market); Fine Art (Switzerland primarily); Professional Indemnity (Italy); Personal Accident (Italy); Personal Accident (Italian Professional footballers); Personal Accident (crew on Irish fishing trawlers); Equine; Employee Benefit Schemes (involving Travel and Personal Accident); Antiquarian Booksellers and Fine Art; Legal Expenses; Private Medical Insurance; High Value Homeowners (US); Office Premises/ Combined (Travel Agents); Professional Indemnity (UK and Ireland); Personal Accident and Travel (Malta); French Construction (Dommages Ouvrages and Decennale); Travel; General Liability; Motor Insurance (Fatal Accident); Sports Clubs (Property & Liability); Care Homes; and Kidnap & Ransom.

TPA Audits and Panel Law Firm Audits

Peter has carried out 18 TPA audits which have either been based upon the Lloyd’s audit scope or upon the client’s own scope.  Peter has also drafted a more up to date claims file checklist (than the one appended to the Lloyd’s audit scope).  Peter has also carried out 4 audits of panel law firms.

Conduct Risk – as part of the coverholder and TPA audits Peter is fully equipped to review and make any necessary recommendations upon the conduct risk side of the business having attended a CII Masterclass on Conduct Risk as well as attending other relevant training courses (please see the Peter Driscoll page for more detail).

Reserves Reviews

REVIEW AUDIT undertook a large reserves review of a Syndicate before it was novated to a new Managing Agent.  Following the novation REVIEW AUDIT undertook a more extensive reserves review for the new Managing Agent.  (For more information please see an article from Insurance Day that is referred in the MEDIA page.)  REVIEW AUDIT was able to call upon other claims experts to assist with these reviews. Peter also carried out a reserves audit as part of the due diligence process in the purchase of an account that was in run-off.

GEOGRAPHIC LOCATIONS – Other than the UK Peter has carried out audits in Ireland, USA, Switzerland, Denmark, Norway and Malta.  Peter is more than happy to carry out audits in any English speaking country.

AND MORE – strategic reviews, and assistance with a package of commutation wordings – to date.

 

ReviewAudit And More Consultancy Ltd.
Company number: 8438811.
Place of Registration: England and Wales.
The date of incorporation: 11 March 2013.
Registered Office: Blythe & Co, 206 Upper Richmond Road West, London, SW14 8AH.