We adopt the following property underwriting policy:

Preferred:

Buildings, hotels, schools, residential buildings, shopping malls, factories, heavy engineering, chemical plants, water purification plants... etc.

Will Consider:

On an accommodation basis:

• Warehouses but not below one per mille rate.
• Spinning Fabric / Garment manufacturers, Paper manufacturing.

We also write as part of PAR the TPL, MBD, LOP, Glass & Cash. We look at the type of business to decide on the severity of risk, make sure fire protection measures are adequately adopted, concentrate on the locations and the adequacy of the PML, and claims history will be studied and evaluated.

Will Decline:

• Refineries, Off-shore Property;
• Sub-standards Rates;
• Nil or Low Excesses;
• Any risks with high loss records;
• Poor survey report.