Trading Options
Schemes
Norwich Union Schemes Within Norwich Union
We recognise that "one size does not fit all". Whilst we continue to develop new products and services to support our distribution strategy we realise there is a growing demand, from intermediaries, for bespoke trading solutions such as Schemes. What is a Scheme? Schemes are tailored business solutions which will target either the business of affinity groups or will provide a specialist scheme intermediary with a unique proposition for his clients business needs. .A scheme proposition can include one or more of the following:
- Bespoke product / branding
- Bespoke pricing
- Bespoke process (delegated underwriting and policy administration)
- Defined target market
The next step If you would like to know more about how we can help, or have any specific opportunities to explore please in the first instance speak to your Norwich Union Account Manager.
What does NUI offer?
- Dedicated Commercial, Household and Motor teams operating with a UK wide brief and authority
- Specialist staff who are: highly mobile - deploy solutions which work for both parties able to identify and deploy solutions which work for both parties
- Access to marketing, price and risk management advice
- Performance management - regular review meetings to share performance data and jointly agree actions to maximise growth, profit and customer retention
But above all A commitment to develop long term trading partnerships with like minded intermediaries
How can our approach to Schemes benefit you?
- We can help you by providing an assessment of your internal controls, and making recommendations to help improve the management of the scheme
- It gives you the ability to increase your own brand presence and strengthen existing client relationships
- Provides stability for your account, by improving your retention rate. NUI sees Schemes as a long term partnership - the effort in putting together a solution is rewarded by it's longevity
- An opportunity for you to exploit an affinity or niche customer base and deliver an individual solution for a proven block of business
- Allows you to share in the success of the arrangement
- An opportunity for you to exploit changes, trends or niches in the insurance market, and build on market presence, reputation and specialisation
- Support and guidance is provided by our specialist teams
- You become "master of your own destiny"
- With a delegated scheme you can control service levels, maximising retention levels on the business you control
