A Common Sense Guide to Premium Audit

This presentation will focus on different aspects of the premium audit process. This includes: pre-audit preparation and developing a plan and strategy to conduct an effective and efficient experience for the insured. A review of potential resources available to the auditor that may not have been considered. Real life examples of underwriting/premium audit oversights.

A Common Sense Guide to Premium Audit Evaluating the insured before scheduling Developing a plan on conducting the audit Resources to be reviewed Actual examples of commons oversights by both underwriting and premium audit.

Richard Pope, Director, Premium Audit Union Standard Insurance Group Richard began his career as an accountant for Baker International Group (now Baker-Hughes) in 1976, ultimately becoming the Controller of Baker Prolift, Inc. in 1982. He began his insurance career as a claims adjuster with American Interstate Insurance Company (now Amerisafe, Inc.) in 1992, becoming the Western Regional Claims Manager in 1995. He brought this claims background into the premium audit field in 2003 working for OSI through the end of 2004. He has worked for Union Standard Insurance Group (a W. R. Berkley Company) as their Director, Premium Audit since January 2005 and has revitalized their premium audit department. He helped develop W. R. Berkley’s PATS premium audit management system in 2006, the Audit Cube in 2008 and Berkley Online Audit in 2011. Under his leadership, premium audit volume has doubled. Pope is the Past President of the Insurance Auditor’s Association of Dallas and a former Vice President of the National Society of Insurance Premium Auditors. He is an active presenter of insurance topics for IAASW, NSIPA, PAAS, IAAW and other premium audit and insurance organizations.

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