As a Bancassurer, why might you be seeking capacity?
Launch of a New Program
You may be seeking to launch a program and are looking for an insurance partner to help design program coverages, limits and criteria, provide marketing collateral and advise on operations and systems in support of the administration of the program.
Concerns with Existing Insurance Partners
You may be experiencing poor support or feel that your customers’ claims are being unfairly declined and negatively impacting on the perception of your bank or you may have concerns with the insurer going-forward as a result of changes in resourcing, strategy or risk appetite.
Better Fit with Maturing Program
You may be seeking to move your program to another insurer to broaden coverages, to take advantage of expertise, systems or operations or to take more control over underwriting or claims handling processes.
Withdrawal of Existing Capacity
You may have recently lost capacity support for your programs and need to find replacement capacity.
Increase Share of Customer Financial Services Spend
You may be seeking to increase the share of spend by your retail clients for financial services products by offering personal lines products such as home, auto and travel insurance or SME products such as commercial combined, trade credit, cyber or professional lines products. For banks with sector-focused units, you may be seeking to offer your clients specialty coverages in surety, marine cargo, construction, renewable energy, etc.
Improved Commercial Terms
You may be seeking better commission or fee arrangements or move from a 1-year agreement to a multi-year with Capacity Providers.
Approaches to Securing Capacity
Capacity Place is an excellent way to source markets for your insurance programs
What would your program look like to Capacity Providers?
Check out our demo here.
Smart Market Matching
Your program is relevance-scored against Capacity Providers’ risk appetite to source markets with the best fit.
Program Data Room
Share commercially-sensitive documents through our secure repository where you control who has access
Capacity Tracker
Keep track of all interested Capacity Providers in one place from initial enquiry through to conclusion
Product Sheet: Capacity Place for Bancassurers
Wide Range of Risk Carriers
Reach a broader set of risk carriers including insurers, reinsurers, Lloyd’s underwriters, ILS funds, fronting carriers and more
Global Reach
Expand your prospective markets beyond local contacts with Capacity Providers from across the globe
Faster Program Placement
Comprehensive program listings direct to Capacity Providers generates competitive interest and enables quick decision making
Join Capacity Place
Registration is FREE and only takes a minute
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