8 BROKERTALK
CMS creates
web-based people
management system
Compliance Management Services has
launched a new web-based people
management system, Streamline Solutions,
which is designed for brokers.
The system’s core offering is a training and
competence tracker, which automates all T&C
processes and record-keeping. It also includes
modules for online learning and assessment
and HR management.
Marketed under the brand name of Streamline
Solutions, benefi ts include:
BGL Group
• Managing labour-intensive processes
electronically
• Helping brokers manage your staff records
supports burglary victims
- by holding everything needed in one
place (with appropriate access controls)
• Helping demonstrate that the broker
The BGL Group, which is a major Peterborough in Peterborough – around a year’s activity.
is FSA compliant - by giving you
employer, has given £6,000 support to The Over seven years the Bobby Scheme has
fl exible tools to track and measure the
Bobby Scheme, a local charity to support helped more than 13,000 people, many of
competence of staff
victims of burglary in Cambridgeshire. whom are over 80 and live alone. The repeat
The Streamline team works with the broker to
burglary rate for those who have been helped
create a solution that best suits your people
This funds three ‘Bobbies’ to make home visits by the scheme is less than 4 per cent against
management needs and business priorities,
to the over 60s, offering support and fi tting the national average of 14 per cent.
said CMS consultant, Simon Blackburn. of security equipment in a bid to avoid the
recurrence of a break-in. Jeremy Moll, chairman of the BGL Group’s
He added: “We are not tied to any particular
Community Team for the region, said: “As a
insurer, trade body or other insurance
The BGL Group is backing the charity as part company that offers people home insurance,
organisation. Because of our independence,
of its commitment to support good causes there is an obvious link for BGL to support
our focus is on helping our clients achieve
local to its sites in Peterborough, Coventry such a worthwhile scheme. Burglary is a
their commercial aspirations by driving out
ineffi ciencies and reducing administration costs.”
and the North East. This is in addition to the traumatic experience for anyone, but older
company’s fundraising target of £100,000 for people can be more vulnerable, so this kind
The solutions may be purchased individually or
its corporate charity partner, the NSPCC, by of scheme is invaluable in offering support,
as a package. They are available on an annual March 2010. reassurance, and most importantly, ways to
licence fee basis, which for smaller fi rms can help minimise the risk of future break-ins.”
work out at around £100 per user, per year.
BGL’s contribution will fund visits to 50 homes
Brokers targeted by BCIS
The Building Cost are provided to the insurance industry via £500,000 and accept fi ve bedroom properties,
Information Service BCIS on a daily basis. Its data enables insurers which means it can quote for an additional two
(BCIS) is targeting and brokers to more accurately price policies, million properties in the UK.
brokers with a range protect loss ratios and assess risk based on
of services. accurate rebuilding costs. Its services are The residential ‘Lookup Service’ is designed
tailored to suit the business models and for aggregators and online providers of
Andrew Thompson, operational practices of insurers, online buildings insurance. Using industry standard
international providers, aggregators and brokers alike. XML technology, the live service calculates the
development rebuilding cost of a residential property given
director, BCIS, said BCIS offers three main services. The fi rst is minimal details of the property and is based on
that when brokers the Notional Rebuilding Cost Matrix which the BCIS rebuilding cost models.
quote for buildings contains 2.6 million rebuilding cost values
insurance that ensuring that customers have covering most houses, bungalows and fl ats. BCIS also provides a rebuilding cost calculator.
adequate cover based on the information The Matrix provides the rebuilding cost of a This is available to brokers at a price per
provided can be a tricky undertaking, yet it residential property given minimal details of calculation, and gives the rebuilding cost of
is a key provision for TCF compliance. that property, allowing users to price bedroom a residential property – again given minimal
rated policies with a greater degree of details of that property - and provides a report
BCIS was established in 1961 by the Royal accuracy. for fi le records.
Institution of Chartered Surveyors (RICS) to
exchange detailed building price information Although bedroom-rated policies give a Mr Thompson said: “A number of SME brokers
and is now recognised an independent expert standard sum insured for all policyholders, an have already signed up for the service to
on residential building costs. underlying or ‘notional’ rebuilding cost is still ensure they are sourcing the appropriate level
needed to accurately assess risk and calculate of building insurance cover for clients. The
It has recently developed its dataset and premiums. service mitigates risk to brokers, ensuring the
applied its expertise to provide a range of risk client purchases the right level of cover at
solutions for the insurance industry. By using the Matrix, BCIS user Fortis Insurance the right price. The calculator is available to
will now be able to increase its buildings brokers for £99 a year.”
Over 20,000 real-time rebuilding cost fi gures bedroom-rated product limit from £400,00 to
Insurance Brokers’ Monthly February 2010
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BrokerTalk 4-9 FEB.indd 5
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1/2/10 13:38:06
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