Agency Business Food Chain Model
Inter Hannover
We provide
- Underwriting capacity and capital
- Business and insurance experience and expertise
- A receptive, empathetic sounding board for ideas and visions for the future development
- Control and direction for the relationship
- A tailor-made and well-defined underwriting and other authority structure and guidelines to suit our unique relationship
- A mutually agreed infrastructure for reporting
Inter Hannover and Underwriting Agent
Together we
- Construct and agree our joint business plan
- Agree product and pricing
- Develop and fine-tune new products
- Hold regular review meetings to make sure we are both happy with the way our business plan is working, and to discuss future strategy
- Agree the management information each of us needs
- Agree the procedures and controls
- Agree protocols for exchanging data electronically
Underwriting Agent
Manages the whole business under their own branding, including:
- Individual risk underwriting within agreed guidelines
- Producing and issuing policies and other documents
- Pricing within agreed guidelines
- Servicing customers
- Managing, handling and paying claims
- Handling cash and collecting premiums
- Collecting customer and risk data
- Customer contact
- Case reserves
- Subrogation pursuit
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