Q Underwriting – Looking forward to 2020
Authored by Christian Burton, Head of Sales and Development, Q Underwriting
Previously, we talked about how a new MGA spends its first year in existence. I’m here to discuss year two, and how we’re successfully challenging a progressively hardening market.
As the entity which has united multiple MGAs, including Thistle Underwriting (who wrote their first policy in 1987), and TFP Schemes (who was appointed as Aviva’s sole underwriter for Taxi, enjoying their support for over 20 years), we have a lot of heritage, expertise and goodwill to draw upon.
Be that as it may, Q Underwriting is a new name, a new personality. Out of four smaller underwriting businesses has been born a new, robust and powerful MGA.
What does that mean for you, our broker partners?
In an increasingly challenging market (hardening, re-calibrating, shifting – whichever is your chosen term), and at a time when some MGAs are struggling, there are certain characteristics in an underwriting proposition that are key: quality, reliability and supportiveness.
You’re supported by a fantastic and dedicated team; we are 135 staff across the UK, including dozens of seasoned underwriters who are experts in their niche classes.
You’re our focus; we’re investing heavily in improving our online quote services, with products launching on a new, combined portal soon. This will make your life easier and will provide access to many more products from across the business; some of which you may not have even known were on offer from Q…
You’ll never lose access to decision makers; whilst online servicing is quick and convenient, sometimes speaking directly to an underwriter is imperative, so we’ll never remove the option of picking up the phone. Our specialist underwriters are on-hand to help you whenever you need them.
You’re choosing a reliable and robust partner; we write over £95 million of premium, across 25+ specialist commercial products and with numerous A rated insurers – all of which we have long-standing relationships with.
Yes, it’s a challenging time for some markets, some insurers, some brokers and their clients, but we’re here to support you.
If you want to discuss working with Q Underwriting in 2020, please CLICK HERE, leave a message and youTalk-insurance will pass your enquiry on.
About Q Underwriting
Specialist MGA providing quality products for niche commercial markets
Q Underwriting is a specialist underwriter, providing over 25 niche commercial lines products – all backed by A rated insurers. Our specialisms include construction, tradesmen and liability; charities, faith and recruitment; public and private hire, fleet and motor trade; and non-standard property. All our products are underwritten in-house by our experienced team.
Q Underwriting is a robust and reliable partner for brokers and insurers; we’re backed by The Carlyle Group, one of the world’s largest private equity firms. We write £95m of premium under delegated underwriting authority from several A rated insurers and our team of over 135 people support a nationwide network of brokers.
We are focused on providing excellent service and supporting brokers’ growth. In trading terms, we offer the best of both worlds: brokers have direct access to our experienced underwriters as well as a quick and easy to use broker portal – Qtrade – which houses all the products available from Q Underwriting in one place.