Brokers can now process their own Mid Term Adjustments through the Portal. All you need to do is click in to the relevant policy that will be saved in your back office portal and then use the link to create a Mid Term Adjustment. Once you have finished then the adjustment will be sent to the underwriters for pricing.
We are busy improving our on-line facility for Contract Works and Plant quotations. We have agreed to an extended trade list with W R B Underwriting and also increased flexibility in terms of the acceptance criteria for the type of contracts that can be written.
We are pleased to announce that from 01/01/2017 the capacity provider for our on-line scheme for liability insurance will be Aviva Insurance . We have been negotiating with Aviva for some months now and they have agreed to write the book with very little change to the current underwriting strategy.
This year sees extensive reforms in the insurance market as the Insurance Act comes into force from 12 August 2016. Aiming to introduce greater clarity around what information a client has to provide to their insurer – and a fairer position should the client fail to provide that information – the Act will make sure that all parties clearly understand what each needs to know and what will happen in the event of a claim.
Over the last few months we have held promising talks to add Arch Underwriting on to our panel of insurers that we use for Professional Indemnity. We are hoping to build their rates in to our on-line system is due course.