Are you seeking a new scheme provider or looking to transfer a book of business due to a stale insurer relationship or unheard ideas? Commercial Express has a proven track record of collaborating with brokers to grow their facility.
The Broker Market
Whether you are seeking to establish a new scheme, transition a book of business, or enhance your current proposition, we are here to support your growth and strengthen your brand.
In an industry characterised by increasing standardisation and intense competition, the ability to offer an effective scheme or arrangement becomes crucial in setting your business apart. By targeting niche and specialist markets that are underserved by traditional insurance solutions, you can differentiate yourself and attract a loyal client base.
We firmly believe that the collaboration between MGAs and brokers is key to developing a successful and bespoke offering. By leveraging our collective expertise, knowledge, and experience, we can create a winning formula that aligns with your vision and meets the specific needs of your clients.
With 25 years of experience in developing schemes, we have honed our skills and knowledge to design a unique proposition for our brokers. We understand the intricacies of the broker market and are committed to providing you with the tools and support necessary to thrive in this competitive landscape.
Commercial Express Proposition
At Commercial Express, we take pride in our distinctive proposition that sets us apart from other insurers and MGAs. What differentiates us is our commitment to engaging with you right from the initial contact. We believe in understanding your business, your team, your processes, and most importantly, your ambitions.
Ambition is a driving force for us, as our goal is to provide you with the necessary tools and support to grow your business and achieve your objectives. We recognise the importance of trust and empowerment, as we have built strong relationships with our capacity providers who understand the values and expectations required for creating successful schemes.
What makes us truly unique is our comprehensive support system for our brokers. We have knowledgeable and proactive underwriters who are dedicated to assisting you every step of the way. Our first-class claims proposition ensures that your clients receive prompt and efficient claims handling. Additionally, we provide valuable management information, marketing support, and access to a market-leading online platform.
As one of the select few MGAs accredited by the Chartered Insurance Institute, we proudly demonstrate our commitment to professionalism and excellence. This achievement reflects our ongoing dedication to maintaining the highest standards in the industry.
The CE Journey: From Idea to Ongoing Management
1. Idea Generation:
- Share your existing scheme or new idea with us.
- Work with our Key Account Manager to complete our Business Opportunity Form.
2. Exploring the Opportunity:
- Our technical underwriting team will review the provided information.
- Collaborate with our underwriter to conduct research and due diligence on the business opportunity.
3. Definition:
- Begin operations and transactional development.
- Assign a dedicated Underwriter and agree on implementation plans.
4. Delivery:
- Underwriting: Develop policy wordings, key facts, schedules, and business rules.
- Legal: Sign necessary agreements and finalise contracts.
- Claims: Provide team response training and confirm internal processes.
- Marketing: Establish scheme branding.
- E-commerce: Develop the quote and buy journey, and build websites.
5. Launch and Ongoing Management:
- Your Commercial Express Key Account Manager will take responsibility for your scheme.
- Conduct a post-launch review two months after going live.
- Hold quarterly reviews of the business plan.
- Perform bi-annual product reviews to ensure relevance and meet customer needs.
- Conduct an annual delegated authority audit.
At Commercial Express, we are committed to guiding you through every step of the CE Journey, from the initial idea to ongoing management. Our experienced team is dedicated to ensuring the success and longevity of your scheme.