CFC to offer free quote-and-buy tool for schemes business

Lloyd's underwriting agency, CFC, has developed a free online quote-and-buy tool for broker partners selling their schemes products.

Both Lloyd's and provincial brokers will be eligible to host the online tool, which CFC will set up and brand with the broker's own marketing material. Customers will then be able to obtain an immediate policy quote online from the broker.

The web initiative has been launched as part of the insurer's effort to curb broker disintermediation in commercial business and