Fiduciary Liability

What does this mean?

Underwriters spend more time evaluating fiduciary risk with consistent data extraction and faster turnaround on quotes for ERISA-related coverage.

How it works?

Ingests submission documents across multiple formats, extracts plan details, asset information, and fee structures, flags fiduciary risk factors, then delivers a structured summary and fields to the underwriting system.

Workflow steps

Step 1: Ingest submission documents

The Workflow triggers when a new fiduciary liability submission arrives—whether via email, a shared drive, or direct upload to the underwriting system.

Step 2: Extract plan and asset details

Cassidy parses the submission to pull out plan types, participant counts, total plan assets, and investment options into structured fields.

Step 3: Capture fee and performance data

The Workflow identifies key financial details—fee structures, investment performance history, and fund lineup—ensuring nothing critical is missed.

Step 4: Flag fiduciary risk factors

Cassidy scans for risk indicators such as concentrated stock holdings, high fee ratios, poor investment performance, or recent plan changes, surfacing them for underwriter attention.

Step 5: Generate structured summary

Using the extracted data, the Workflow produces a clear, formatted summary that gives underwriters a complete view of the plan's fiduciary exposure at a glance.

Step 6: Deliver to underwriting system

The structured fields and summary are pushed directly into the underwriting system, ready for risk evaluation—no manual document compilation required.