Quotel offers exclusive EDI motor panel.
Quotel has launched an exclusive motor panel facility for its EDI customers, which boasts 10 leading...
Quotel has launched an exclusive motor panel facility for its EDIcustomers, which boasts 10 leading motor insurers.
Called Advantage, the electronic facility will enable participating Quotel
brokers to earn an additional 1.5% commission per policy by placing all of
their motor business exclusively with the panel insurers.
The ten insurers on the panel are: AGF, Bishopsgate, Cornhill, Commercial
Union, GA/Scottish General, ITT London & Edinburgh, NIG Skandia, Northern
Star, Norwich Union and Royal & SunAlliance.
Mike Dodd, sales & marketing director at Quotel, said that the initiative
was developed following research among brokers, 90% of whom said they
would support such a panel concept.
The 10 insurers were those nominated by the broker respondents. Eagle Star
was originally nominated, but declined to participate when approached by
Quotel.
To qualify for the facility, brokers must have agencies with at least four
of the panel insurers - agencies will then automatically be granted by the
remaining panel members, subject to past financial performance.
Participating brokers will also have the option to choose two other open
market insurers to be included on their Advantage system.
Eurosure (now KeySure, see p3) members will be able to join Advantage free
of charge. All other Quotel users will have to pay £200 per year.
Advantage will be administered by Key Choice.
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