Agency
Agency Business is the transaction of narrowly defined, homogenous segments of primary insurance business where the standard insurance functions of business acquisition, underwriting, policy issuance, premium collection, claims handling and administration may be outsourced to specialised, professionally organised General Agents and Third Party Administrators.
The common attributes of the model are:
- Lower loss ratios due to risk segmentation and actuarial price calculation
- Clearly defined due diligence and control processes featuring on-site audits
- Regular review of results with our Agency partners
