By Paul Ingleby, Senior Key Account Manager at Commercial Express
Introduction: At Commercial Express, we recognise the importance of Business Opportunities in the insurance industry. As an MGA, we strive to collaborate with brokers and create tailored solutions that meet the unique needs of their clients. In this article, we will explore how Commercial Express can assist broker partners by offering rollover arrangements or developing bespoke schemes. Our commitment to working closely with brokers is key to our success as an MGA, allowing us to provide valuable support and expertise while delivering customised products and services.
Collaborating with Broker Partners: We have established strong and long-term relationships with a wide range of brokers across the UK, and we understand that their specific knowledge in chosen sectors is invaluable. By using their expertise, we can develop exclusive offerings that effectively meet the needs of their clients. Our collaborative approach ensures that the broker partner has full input throughout the process, allowing us to provide a tailored service and product.
Taking on Books of Business: One of the advantages of working with Commercial Express as an MGA is the opportunity to take on books of business. For the right products, we have the ability to work with large books of business. This can be for a number of reasons, but it gives the broker the support they need to ensure their insurance placement needs are met.
Tailor-Made Insurance Products: In addition to managing books of business, we specialise in offering tailor-made insurance products. Our bespoke solutions are designed to meet the unique requirements of each individual client. We work closely with our broker partners to customise policy wordings, coverage options, and pricing structures, ensuring that the final product aligns precisely with the client’s needs. This level of customisation allows us to provide a high level of service and support, guaranteeing client satisfaction.
Working Hand-in-Hand with Broker Partners: Throughout the entire process, we collaborate closely with our broker partners, involving them in key decision-making steps. We seek their input-on premiums, question sets, endorsements, and other critical aspects of creating tailored schemes. This level of partnership ensures that we deliver a service and product is both unique, exclusive and market-leading.
Conclusion: Commercial Express is dedicated to unlocking business opportunities by working together with our broker partners. By offering rollover arrangements, developing bespoke schemes, and delivering tailor-made insurance products, we provide valuable support and expertise while meeting the unique needs of our clients. Our collaborative approach ensures that our broker partners have full input, resulting in a service and product that drives profitability and growth. Together, we can seize business opportunities and thrive in the ever-evolving insurance industry.
