NIG review proposes greater penetration of larger SMEs
New rating structure designed to target larger end of SME
NIG's property underwriting manager has spoken of the insurer's plans to compete at the larger end of the small to medium-sized enterprise (SME) market.
Dave Sherman said that following an in-depth review of its core non-package commercial insurance product, Traders Combined, the insurer had introduced a new rating structure.
He added that the review had resulted in the reduction of the majority of base rates and also aimed to empower underwriters, allowing them greater flexibility in targeting
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