🔹 1. Insurance Due Diligence for Loan Proposals
Review borrower insurance arrangements during loan processing
Evaluate adequacy of coverage for assets, liabilities, and business risks
Recommend improvements to mitigate credit exposure
🔹 2. Structuring and Placement of Loan-Linked Insurance
Design appropriate insurance programs for project finance, term loans, working capital, etc.
Coordinate with insurers for placing policies in line with lender’s requirements
Ensure clauses like bank clause, assignment, and loss payee are included
🔹 3. Insurance Compliance Monitoring
Track and monitor renewal of insurance policies linked to loan accounts
Maintain a centralized insurance tracking dashboard
Send timely alerts to borrowers for renewals or deficiencies
🔹 4. Claims Support & Recovery Coordination
Assist in claims filing, documentation, and follow-up
Coordinate with insurers and borrowers to ensure claim proceeds are routed to lender
Support in disputes or claim repudiations
🔹 5. Risk Advisory & Portfolio Analytics
Analyze insured loan portfolios for coverage gaps or underinsurance
Recommend insurance solutions for high-risk borrower segments or sectors
Provide insights on insurer performance and claim trends
🔹 6. Training & Awareness for Lending Teams
Conduct workshops for credit and operations teams on insurance best practices
Educate teams on policy terms, endorsements, and compliance requirements
Provide periodic updates on regulatory changes and market trends
🔹 7. Embedded Insurance Strategy for Lenders
Support in embedding insurance products into loan offerings (e.g., credit life, property cover)
Liaison with insurers for product customization, pricing, and revenue sharing
Regulatory guidance for bundled/embedded products
🔹 8. Insurance Documentation & Audit Support
Standardize documentation templates and checklists for lending operations
Support in internal/external audits related to insurance compliance
Provide certification or reporting as needed by Risk or Audit teams
Lenders Insurance Advisory
Uniphoenix supports lenders in managing insurance requirements linked to credit risk, asset protection, regulatory compliance, and borrower obligations. Services are designed to safeguard the lender’s interests and streamline insurance-related processes.
