Each syndicate has a clear, robust medium to long term strategy and a defined, understood underwriting risk appetite. Baseline: the strategy is set collaboratively with feedback loops between stakeholders and states appetite by class of business for lead versus follow, open market versus delegated authority and line size; the board sets underwriting risk appetite statements, contained in the syndicate business plan, articulated at portfolio level and cascaded to each class on a gross and net basis, reflecting Lloyd's market feedback and regulatory concerns; underwriters understand risk appetite and its link to strategy. Higher levels add sub-class, sector, geography and distribution detail, operating limits and breach escalation, appetites coded into underwriting systems, forward-looking target contract plans, real-time appetite monitoring and remuneration linked to appetite.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.