A system and method for allocating risk of an insurance policy being issued by a lead insurance carrier for a project may include collecting project information associated with the project being covered by the insurance policy of the lead insurance carrier. The project information may include project provisions, contract contingencies, and insurance terms. Another potential carrier may be offered a percentage of the premium and coverage risk associated with the insurance policy. The project information may be made accessible for viewing by the potential other carrier to consider in connection with taking a percentage of the insurance policy. Information associated with the potential other carrier may be associated with the project information in response to the lead insurance carrier accepting an offer by the potential other carrier for a percentage of the insurance policy. The percentage of the insurance policy risk and premium may be communicated to the other carrier.
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