Schemes
Different by Design
Our scheme proposition is aligned with our flexible approach to commercial underwriting with the aim of delivering a high quality service and being easy to do business with. We can tailor our commercial products to trade as a scheme whilst also being able to create entirely new products, especially if the business area is particularly niche. We can help you to stand out by working collaboratively with you to design and deliver a superior product and service proposition under a delegated authority agreement, which we believe will give you a distinct edge over your competitors.
Click here to view our Schemes Team Contacts Click here to view our Schemes - Different by Design brochureWhat we are looking for
- Existing schemes or new facilities with a robust business plan in excess of £250,000 GWP annually.
- Brokers with specialist knowledge and experience of operating a Delegated Authority arrangement.
- A track record of profitable historical performance.
- Niche, specialist, or segmented industries.
- Property & Casualty lines of business (we can also look to provide supplementary covers such as PI, D&O, Cyber, Equipment Breakdown and Legal Expenses).
Empowered & Efficient
We want to make things as easy as possible for you, so we set appropriate levels of delegated authority to brokers, allowing you to make decisions quickly. We provide a responsive and expertly underwritten referral service helping you to maximise your scheme's potential. Whilst many referrals are dealt with on the spot, we work to a 24 hour SLA.
Reputable and Trusted Insurer
We have a highly customer-centric culture and believe in being open and transparent with our partners. You’ll be backed up by an award winning claims team and 5* insurer, as rated in the Insurance Times Broker Service Survey.
Your dedicated Schemes Team
We have a well-resourced Schemes team of experienced commercial underwriters concentrating solely on delegated authority schemes business, allowing us to give each scheme the focused attention it deserves, and make informed, consistent decisions.
Your scheme will benefit from the support a nominated Senior Underwriter acting as your Lead Underwriter. They will nurture a close and supportive working relationship with you to drive your scheme forward.
Getting Started
Our Schemes experts will meet with you to discuss your opportunity and its potential for development. Working together we will review the proposal in depth to agree on your product requirements including policy wording, pricing structure, delegated authority parameters and IT system requirements.
Your chance to review
Once we have agreed to enter into partnership on your scheme, we will provide you with a tender document outlining our proposition to you. This will detail the overall build specification, allowing us both to move to the next phase.
Making it Happen
Building the scheme will be an open and collaborative process with a project plan drawn up from the outset. You will receive a bespoke white labelled wording, with enhanced covers to cater for the specific needs of the respective target market. We will keep you updated throughout the process and engage with you closely to ensure the overall proposition is of exceptionally high quality.
Launching your Scheme
From the very start your Lead Underwriter will manage your scheme and have an extensive understanding of your account. This will be backed up by our dedicated Underwriting Referrals Team who will provide support day in day out to help you win and retain business. Our Marketing Team can also provide expert support to ensure your scheme is effectively promoted to reach your target market and stimulate growth.
Accelerate your Scheme
We will book, in advance, quarterly review meetings with your Lead Underwriter and Schemes Management team. These meetings will be in place to monitor performance and be a forum to discuss potential adjustments and improvements. We will regularly refresh your policy wording and look to develop your scheme offering with new and relevant covers, products or services.
Covea Commercial Schemes are Different by design. We will give you the independence to operate the scheme in the best way for your business.
Working with Commercial Schemes
We believe in being easy to do business with. Our Schemes team have many years of experience transacting delegated authority business. Each Scheme benefits from its own designated Lead Underwriter to manage, nurture and develop your account providing technical expertise, staff training as well as ensuring your product is continually developed to ensure success. In addition to this we also have a dedicated Underwriting Referrals Team to provide an efficient service within a 24 hour SLA. Our service is backed up by our award winning claims proposition. Our purpose is, to protect our customers from the worst happening and to put it right if it does.
If you are looking to tender an existing scheme or have an idea for a new facility please contact Nicki Crabb.