Plate/GCGC - Weekly Newsletter 9/30/22 - Insurance Underwriting explained, as it pays to buy insurance from us if you don't have adequate collateral.

According to WIKI Insurance underwriting is as follows: Insurance underwriters evaluate the risk and exposures of potential clients. They decide how much coverage the client should receive, how much they should pay for it, and whether to accept the risk at all. Underwriting involves measuring risk exposure and determining the premium that needs to be charged to insure that risk. The function of the underwriter is to protect the company's book of business from risks that they feel will make a loss and issue insurance policies at a premium that is commensurate with the exposure presented by a risk.

Each insurance company has its own set of underwriting guidelines to help the underwriter determine whether or not the company should accept the risk. The information used to evaluate the risk of an applicant for insurance will depend on the type of coverage involved. For example, in underwriting automobile coverage, an individual's driving record is critical. However, the type of automobile is actually far more critical. As part of the underwriting process for life or health insurance, medical underwriting may be used to examine the applicant's health status (other factors may be considered as well, such as occupation and risky pursuits) and decide whether the policy can be issued on the standard terms applicable to the customer's age. The factors that insurers use to classify risks are generally objective, clearly related to the likely cost of providing coverage, practical to administer, consistent with applicable law, and designed to protect the long-term viability of the insurance program.

The underwriters may decline the risk, or may provide a quotation in which the premiums have been loaded (including the amount needed to generate a profit, in addition to covering expenses or in which various exclusions have been stipulated, which restrict the circumstances under which a claim would be paid. Depending on the type of insurance product (line of business), insurance companies use automated underwriting systems to encode these rules, and reduce the amount of manual work in processing quotations and policy issuance. This is especially the case for certain simpler life or personal lines (auto, homeowners) insurance. Some insurance companies, however, rely on agents to underwrite for them. This arrangement allows an insurer to operate in a market closer to its clients without having to establish a physical presence.

Two major categories of exclusion in insurance underwriting are moral hazard and correlated losses. With a moral hazard, the consequences of the customer's actions are insured, making the customer more likely to take costly actions. For example, bedbugs are typically excluded from homeowners' insurance to avoid paying for the consequence of recklessly bringing in a used mattress Insured events are generally those outside the control of the customer, for example in life insurance, death by automobile accident is typically covered, but death by suicide is typically not covered. Correlated losses are those that can affect a large number of customers at the same time, thus potentially bankrupting the insurance company. This is why typical homeowner's policies cover damage from fire or falling trees (usually affecting an individual house), but not floods or earthquakes (which affect many houses at the same time).

For all types of insurance underwriting, advice and assistance is often provided by reinsurers, who of course have an interest in accepting risks on appropriate terms.

https://en.wikipedia.org/wiki/Underwriting

The other thing we can do is leverage the existing financials & forecast against risk insurance to get a deal to fund if collateral is inadequate.

1) A special report and assessment has to be prepared for Risk, Market Analysis, Financial Model, then apply for Risk insurance. Taking out a loan you wont have a lot of equity when do 100% funding. We have to put financial statements against risk insurance, I’m sure you know it’s not easy , but we have two insurance companies to bind the deal incoordination with an investment house & local partner via syndication/reinsurance, so it can close and fund. Its a lengthy process, but we will get insurance issued, as we don't have failure there or in loans.

Types of Insurance we offer: International Project Insurance, Political Risk Insurance, Government Guarantee Insurance, Insurance on Bank & Commerce Guarantees, Investment Insurance, Funding & Lines of Credit Contracts Insurance, Bonds Insurance, Insurance Against Financial Fraud.

**** Please note, we only sell insurance on deals we are funding.

**** Please note we are the ones that do the site visit and special report for the insurance underwriting completion.

Currently I am looking to intake these types of projects listed below to fund from 10M USD to 100B USD

Crude Oil Refinery Projects () Oil & Gas Wells Projects () Offshore Oil Rigs () Pipeline Projects () Oil Storage Tanks Projects () Oil & Gas Terminal Projects () Gas Station & Petroleum Stations Projects () Renewable Energy Projects () Solar Power Plant Projects () Wind Power Plant Projects () Hydro Electric Power Projects () Nuclear Power Plant Projects () Mining Projects () Buying Aircraft's () Aviation Industry Projects () Aerospace Industry Projects () Airport Projects () Railway Transportation Projects () Road Projects () Commercial Building Projects () Housing Development Projects () Smart City Projects () Hotel Projects () Resorts Projects () Man-Made Islands () Healthcare Projects () Industrial Factories Projects () Water Park Projects () Sports Center Projects () Some acquisitions, refi - recap deals that are very strong and make sense

About Us:

- We have a parent company, and over 40 subsidiary companies.

- Our financial partner is an institution that owns 30 banks that mandated us as their official representative (Underwriter). We handle everything from start to finish for them such as intake, pre underwriting, onsite visit & due diligence, underwriting, closing, funding, loan monitoring, auditing, servicing, etc. The mandate is a contract/license they issued us to do this work for them.

- We are not a broker and are the funding. Capital is in place.

Keys to getting your project funded

1) You have to be fully ready with a highly detailed set of documents. Meaning of fully ready:

- Done with concept, feasibility, design, constructor in place, all construction/project plans, insurance, entitlements, off take agreements, collateral, etc.

2) Types of collateral needed.

- Property, Risk Insurance, Sovereign Guarantees, Bank Guarantees, SBLC, cash or savings accounts, paper investments, natural reserves, blanket liens, PPA's etc. (This matter is fully negotiable)

3) A complete and highly detailed set of documents on the deal that are current. (Prepared by a qualified 3rd party)