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NIG price guarantee N
IG is launching a new price guarantee, to apply during March and April. The company will guarantee to beat premiums by up to 5% on business held or quoted with a range of insurers in the commercial market, provided there is a fit with NIG’s Standard Packages products. Brokers who place new package business on cover with NIG for the company’s Standard Packages products via
nignetwork.com between March 1st and April 30th will be eligible to an extra 3% commission, increasing to 5% for more than £5,000 GWP placed during the deal period. Dave Parry, NIG director of sales and distribution, says, “We’ve made no secret of our desire to grow our share of the SME market and this offer reaffirms our appetite to write more package business. Last year we re-aligned
Open GI plans local charity support
Worcestershire Breast Unit Campaign in 2011.
O
Each year the company chooses a local charity to support. This year the company’s 330 employees will be invited to participate in a range of activities to support plans for a new dedicated breast unit at the Worcester Royal Hospital. If the target is reached, the Open GI board will donate an additional £5,250; this approach was taken last year and
pen GI has pledged to raise £5,250 to support the
successfully raised a total of £12,500 for the Midlands Air Ambulance.
Chris Guillaume, Open GI managing director, says, “Our staff take a proactive approach to fund-raising and I feel this year will be no exception. It’s great for staff to get involved in activities whilst being able to support the local community. Every year we strive to make charity fund-raising one of our key priorities and we are looking forward to supporting Worcestershire Breast Unit Campaign in 2011.”
our package products to attract and cater for larger premium business and specific, profitable trades. That strategy has been successful, so we are now widening the net and looking to encourage more brokers to use NIG Network as their first choice for package business.”
He adds, “This is a bold move, but we know already that our new range of package products is popular with brokers and the
profitability within our preferred trades gives us the scope to do this and provide brokers with even more reasons to partner NIG. We plan to continue using initiatives like this to reinforce our position as a leading package provider.” The price guarantee applies to business quoted or held by: Ageas, Allianz, Arista, Aviva, AXA, Brit, Ecclesiastical, Groupama, Hiscox, LV, MMA, QBE, RSA, Travelers, and Zurich.
Home & Legacy sales up 26%
H
ome & Legacy has reported an increase of 26% in sales across its product portfolio, following its decision to invest in its product offering and operations to improve service levels to brokers and clients.
Barry O’Neill, managing
director, says, “These fantastic results are testament to the investment we have made to develop high-quality products and offer a level of service that high net worth brokers expect.”
In 2009 the company refreshed its household policy and launched an online quote and buy facility for
Barry O’Neill
mid net worth household clients. Following this, in 2010, it launched its “Ultra Motor” product.
Towergate extends partnership with RDT
T
Pictured: Chris Guillaume, managing director of Open GI (left) at the new site of the dedicated breast unit, with Stephen Thrush, consultant surgeon
26 insurancepeople MARCH 2011
owergate is to extend its investment in Landscape, a packaged insurance application from RDT (insurance systems and rating engine software). Towergate implemented Landscape as its underwriting platform of choice across its household portfolio, including high net worth, in 2008. The company has now extended the footprint of Landscape into its Let properties business line and plans to roll the platform out across further business portfolios.
Mike Newman, chief information officer at Towergate, comments, “We chose RDT’s Landscape solution because we were impressed by the flexible nature of the system. We have replaced four existing underwriting platforms in two of our underwriting businesses with Landscape, reducing our operational support costs significantly going forward. The entire implementation, which might have been daunting, was seamless.”
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