Commercial Schemes
Set up a scheme
This product is only available via a delegated authority, ie if you have the expertise and the right controls, we can help you to write your own commercial insurance product
Running a delegated authority can be demanding. With increased regulatory demands sometimes it just isn’t possible to do it all on your own. Working with Pen Underwriting’s Delegated Commercial team you will share the load so you can focus on growing and developing your business.
We can help you with all the technical aspects of underwriting from writing policy wordings to underwriting complex risks, through to designing rating models, building online specifications, managing claims and identifying areas for profitable growth.
We can also help with managing the conduct risk of your business to ensure that your customers’ best interests are always at the forefront of what you do.
Our focus on partnership means that you will always have support from people with experience and expertise. Our approach is not only to support you in writing the trickier risks, but also to work with you - and regularly meet you - to determine how and where we can support your growth.
But the benefits don’t stop there. We will help to source the right capacity to support your business to ensure that the flexibility that we can offer you and your customers is replicated at all stages.
What business are we looking for?
Most things!
Our risk appetite encompasses everything from corner shops to contractors to village fetes to venomous snakes on film sets.
We’re always looking for the next challenge – so if you think you have a strong business proposition why not give us a try if you think it can work?
How do I get started?
If you’re interested in a delegated authority, the more information we have from you the better. You should be clear about what/how much you’ll write, the distribution model and expected performance.
We will want to see your business strategy and any proven record of success. The more we understand your needs the easier it will be to meet them.
Think it might be for you? Get in touch for an exploratory discussion.
What other other schemes does Pen offer?