We have an extensive panel of insurers that can meet virtually any risk. At present we have over 60 agencies in place that are either Composite Insurers, Lloyds Underwriters, Lloyds Brokers, Wholesale Placing facilities or Online Package based products.
We freely admit that there may be some gaps as we do not trade with some insurers for a variety of reasons, and this should be looked at if you are looking to transfer an existing book of business to our agency. If the business case is strong, we are happy to sign up new agencies but these can be refused for reasons which may be beyond our control.
Unrated Insurers – Due to recent uncertainty from certain overseas insurance markets, we no longer allow trading with any insurers that have either no S&P or other security rating. We want to be confident that our clients are suitably protected by our insurers panel.
We are proud members of the Purple Partnership network who are our supporters and will assist in any way they can, to ensure that you are able to trade successfully with their insurer partner panel. Once we are at the point of moving to full authorisation, we would like you to apply for membership in order to obtain the required agency base needed for a seamless and smooth transition of business.
We have a large panel of markets to accommodate all kinds of risks including:
This list is not exhaustive and if you have anything not on this list which you need markets for, please speak to us.
Once you have been registered, your system’s been set up and you are cleared to trade, how do you go about it? Again, this is where we differ from other networks; we want you to run the business as if you were fully authorised, which means developing your own markets.
The insurers we deal with understand our business model and are happy to help you. Therefore, you will get:
We currently accept payment in a number of ways:
There are a number of reports you can access. We are only limited by the system in that respect. However, as a standard you will receive the following:
Provided we have been paid either by the client or by the finance company before the last day of the month (month end), you will be paid for that client after we complete the month end procedure
You will be issued with a report of the cases you have written and the commission amount you are owed. All payments will be paid by BACS.
Whilst we have the ability to produce a commission statement per AR on the system and simply pay on this, we prefer to get the AR to verify this against their own records.
This way, every case is checked manually to ensure that the AR is happy with the amount they are paid and that queries are dealt with quickly and efficiently at the time.
Each Appointed Representative receives a bespoke deal that can be based on commission ceding, equity sharing or a combination of both. Our mission is to build the right deal for you to take your business forward!
Within your deal you can expect to receive
Other than this, all your other support is included at no further charge. A full list of costs can be provided upon enquiry.