At Acasta, we adopt an innovative approach to specialist scheme underwriting. We work closely with our partners to create schemes that are tailored to their clients’ needs. We currently write business in 9 different classes. Therefore we are able to offer brokers a wide range of products, as well as working with them to identify any other possible schemes.
Our scheme underwriters work with brokers to identify their needs and then write a product specifically for them. As well as this, they work with our partners to adapt any of our current products for brokers, so they are suitable for them. We can look at schemes of various sizes, whether it is a small warranty scheme or a large GAP scheme. Additionally, we can work with partners to create a product suited to their client’s needs.
We also adopt a flexible approach working with brokers to allow them to trade the way it suits them. Brokers can submit a monthly bordereau, alternatively if they have a system in place, we can use our API data transfer. However, if these are not suitable, we are open to work how brokers wish. We are able to work with brokers to develop new schemes or can assist brokers in transferring a current scheme over if they are looking to change insurance provider.
At Acasta we are happy to look at existing schemes if you are wishing to change insurance provider. We will look at any existing schemes, as long as we have the licence to write business in that area. For us to look at your existing scheme, we will work with you to review your current sales and claims figures for the past few years. However, this depends on the type of scheme – some may require more figures than others. We will also work with you to ensure moving your scheme over is a smooth transition.
For brokers with new schemes, we can work with you to write your product, ensuring it is suitable for your clients needs. If you have an insurance scheme you want to look into starting, we can go through your research and statistics with you to see if we can create a suitable product. Our underwriters have a wealth of experience writing a range of products. Therefore, we are able to look at a variety of schemes no matter how niche they are.