The loss modelling team works closely with the property underwriters to
rate the catastrophe element of risks using a variety of third-party and
in-house analytical tools

In addition, the team maintains a catalogue of live, catastrophe exposed risks and underlying interests.  This is used for management reporting on exposure aggregations and catastrophe loss exceedance probability, as well as providing key information when there is a need to assess the effect of actual events.  At these times, Faraday uses a co-ordinated approach to reserving, involving close collaboration between loss modelling, underwriting, claims and actuarial disciplines

Speed of response is cruicial to our service and we aim for a 24 hour turnaround on quotes, wherever possible