Why are Mutual Insurers using Capacity Place?
Capacity Place enables you to source programs which fit your mutual’s objectives.
While most Mutual Insurers stick with their knitting, you may be seeking to expand geographically to related affinities or into other lines of business. Sometimes, this expansion is undertaken to spread overhead costs or to obtain diversification benefit under new solvency capital regulations.
Capacity Place’s program listings are designed to provide you with the information needed to quickly assess initial fit against risk appetite.
You may not be able to travel at the moment due to Covid-19. Capacity Place is a great way to continue to source programs while you cannot meet up in person, attend conferences or hop on a plane.
If you are travelling a lot to originate business, Capacity Place enables you to qualify opportunities in advance, making your business travel far more productive.
Nowadays, programs typically need to be reviewed by multiple departments (e.g. business development, underwriting, actuarial, compliance, reinsurance, finance, IT, legal, and DUA management, etc) prior to sign-off. Through Capacity Place, you can invite your work colleagues to review the program directly.
Use Capacity Place’s powerful search tools to source programs which fit your company’s risk appetite and licenses
Evaluate programs quickly by reviewing commercially-sensitive program information stored in the secure document repository
Keep track of all programs in one place from initial enquiry through to conclusion
Expand your opportunity set, qualify prospects ahead of face-to-face meetings and make your meetings more productive
Access more cost-effective distribution channels and tackle low value-for-money stages in your distribution chain
Invite colleagues from across your company to collaborate, view the program listing and access the Program Data Room to review documentation
A. Absolutely. It’s one of the main reasons we created capacity place.
More FAQs can be found here.