ERS is the UK’s largest specialist motor only insurer underwritten by Lloyd’s and rated A+. For over 70 years, we have worked directly with brokers to provide bespoke cover for their customers’ specialist requirements.
For these customers’ their vehicle is often at the centre of their livelihood or passion, giving rise to different or specific needs that cannot be met with one-size-fits-all insurance. At ERS we recognise and embrace this difference; it is why we employ teams of underwriters who are experts in their field to understand each risk individually to provide the ideal cover and it is also why brokers have told us that they trust us more than any other insurer with a specialist motor risk.
Security Ratings need to be front and centre of brokers’ decisions in 2019
One of life’s great certainties is that the price of goods and services matters a lot to most people in most industries. In our sector this is as reassuring as it can be challenging, for there is always particular scrutiny given to the pricing of the policies being sold.
That’s because underwriting & pricing risk is highly complex – operating an entire underwriting business even more so. If risk & price are incorrectly assessed, insurers will ultimately lack the capital to recover from any unexpected financial shocks. As more stringent regulations surrounding solvency margins and capital – such as Solvency 2 – have swept the insurance sector over the past few years, a number of firms have struggled to conform and, ultimately, have fallen by the wayside.
To read the full ERS article, click the link
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