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Flexible pricing
Coverage Triage For many MGA clients, we offer a coverage triage service on a fixed fee basis; this consists of a review of the key documentation and a one-page summary of whether there
under buildings defects policies. Under such schemes, fixed prices for the stages of the complaints process can be agreed to provide our clients with costs certainty.
We work with the MGA sector across business lines throughout the UK and internationally. Our focus is understanding the commercial objectives of our MGA clients and tailoring our support to deliver the best outcomes for their businesses, whilst being aware of the need to be commercial and competitive in our pricing.
Non-Claims Pricing Corporate and Regulatory
have been coverage issues identified, together with proposed next steps.
Depending on the outcome of that review, we can offer a further fixed fee arrangement for dealing with the coverage issues. Subrogated Recovery Schemes The subrogated recovery schemes which we operate for our clients are regularly offered on the basis of a pure CFA, a discounted CFA or a contingency damages-based agreement (‘DBA’) where we share the risk and reward
We can offer MGA clients competitive and fixed fee solutions and will work with you to scope out the corporate project at the outset, in order to provide you with predictability over cost. With our expertise and experience, we will not be reinventing the wheel. Employment We provide special offerings tailored to MGAs including an employment contract review and healthcheck – covering issues such as how covenants will be enforced and implications of an employee taking client data – in return for a fixed price. We can also provide flexible pricing in relation to larger projects – for example, we have an implementation package covering the core areas under the FCA’s extended Senior Managers and Certification Regime (SMCR) that apply to all MGAs, to ensure you understand the conduct rules and how they apply to your people, for a fixed price.
on claims with our clients. Overall Indemnity Savings
Hourly rates and flexible pricing is only one way to ensure cost efficiency and overall savings. We recognise that MGAs are very alive to profitability and pricing issues; we are therefore proud of the millions of pounds we have saved our clients, through the quality of our advice, effective management of claims and our experience in limiting losses. Specialist Complaints Handling We operate specific schemes on niche accounts and policy wordings which see a high volume of complaints, for example,
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