Incentives and Inducements
 

ID Incentive/Inducement

Risk
(Out of 10)
Value to broker
(out of 10)
1

Profit Share

2

Over Riders

3

Loan Finance (a) linked to acquiring NB

4

Loan Finance (b) linked to retention of EB

5

Loan Finance (c.) on commercial terms

6

Limited Panel

7

Consolidation with one insurer for all business

8

Consolidation with one insurer, with others still available

9

On Site Underwriter

10

Insurer handles customer directly after NB

11

Equity Stakes (below 10%)

12

Equity Stakes (10-50%)

13

Direct Incentives to staff

14

Competitions to brokers staff or Principals

15

Non-financial support

16

Schemes

17

Additional Payments - work transfer

18

Additional Payments - additional commission

19

Lump sum payment - not linked to performance

20

Hospitality

21

Net Rates

22

Customer Incentives

23

Premium Flex Funds