In-depth - schemes: Knowledge is power
There are opportunites for brokers in schemes if new ideas are backed up by knowledge in the sector, writes Rachel Gordon. Three case studies compiled by Siân Barton also detail how to succeed with new, mid-age and veteran schemes
Case studiesThe veteran scheme
Scheme: Cliverton, Lycetts
Age: 40+
Line of business: Animal traders (for those, not including vets, who work with animals)
Underwriter: Lloyd’s capacity
Policyholders: 16,500
GWP: £4m
Andrew Ball, divisional director – Cliverton, Lycetts:
“The Cliverton scheme has been running for over 40 years. It was originally set up by Cliverton Insurance Brokers. Lycetts bought the business in 2003, that’s when we took on the scheme.
“The product is for animal
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Products
Allianz hails “milestone” with updated trade credit offering
Allianz Trade UK has refreshed its trade credit insurance product suite.
Biba launches electric car scheme
The British Insurance Brokers’ Association and Novo Insurance have launched a motor insurance scheme tailored for electric cars in the UK market.
NBS Underwriting rolls out commercial combined
NBS Underwriting has added commercial combined insurance to its product portfolio building on the acquisition of Capital Markets Underwriting.
Acies launches MGA backed by Axa capacity
Acies MGU has launched construction-focused managing general agent Phoenix Specialty with capacity backing from Axa UK.
TV and films in focus as Spotlite Claims launches EL and PL support
Spotlite Claims, the specialist loss adjusting arm of Woodgate and Clark, has launched employers’ liability and public liability claims support due to increasing demand from brokers and insurers working with the global film and TV industries.
Applied updates on commercial push
Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.
Chubb rolls out new practice targeting healthtech sector
Chubb has launched a new healthtech industry practice in the UK.
Chaucer to enter weather insurance market with parametric BI
Chaucer has revealed plans to enter the weather insurance market, starting with a parametric product to cover non-damage business interruption.
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- In Depth: Cyber risk and AI – friend or foe?