Flexible Schemes Solutions to Meet Your Customers’ Needs
Here at Peach Pi we’re all about working with our broker partners to build flexible schemes solutions for a broad range of sectors. Brokers who have adopted specialty rather than scale to build or diversity their business know that well designed schemes help them to stand out from the competition. They can be used to showcase sector knowledge and commitment and give clients confidence that their risks are understood and the right cover will be provided. It’s a trusted recipe for building strong client relationships. But today’s schemes market is facing a mix of economic and ‘man-made’ challenges. Insurer risk appetite is being affected by harder market conditions and consolidation is creating competition between existing schemes. Add to the mix strong broker frustration in diminished insurer service and the weighty impact of the Consumer Duty regulations introduced earlier this year; suddenly the trusted recipe is looking less of a sure thing.
How can we help?
We’re committed to working collaboratively to provide flexible schemes solutions that meet our brokers’ individual clients’ requirements. We don’t sell an ‘off the shelf’ product. And we’re able to do that thanks to the agility and expertise of our in-house team of legal, underwriting and claims experts. Every one of our broker partners has a nominated underwriter and direct access to key decision makers here at Peach Pi. Like MGAs, we aren’t tied down by lengthy processes and can flex our agility to ensure speedy onboarding and back-end support. And our award-winning claims team is there every step of the way when needed. We also work with a lot of our broker partners on a delegated authority basis which means that they can retain control of key decisions in the process. Importantly, we have the benefit of being able to provide our own capacity – which has been broadened through our most recent reinsurance agreements, and lets us build schemes for an even more diverse range of sectors. As an insurer, we have control over our appetite and can offer schemes across PI, Liability and Property lines of business.
If you are looking for an insurer partner to create or enhance a scheme from £100k GWP up then please get in touch with us today – we’d love to tell you more about our schemes business and how we can collaborate with you.
r.bendelow@peachpi.co.uk
r.white@peachpi.co.uk
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