First 11 members have committed over £2.5 million GWP
The first 11 members of the Countrywide Network’s Partner Broker Commercial initiative have committed in excess of £2.5m GWP.
Countrywide said: “Brokers who sign up to Partner Broker Commercial and commit to a minimum support requirement of £250k GWP are able to benefit from a range of advantages. These include; increased commission earnings, priority service levels and access to experienced underwriters, providing increased underwriting flexibility.
The offering encompasses the full range of commercial products available via Countrywide’s strategic partner insurers*, for example Commercial Combined, Packages, Property Owners, Liability and Fleet.
The launch has contributed to an increase in new members and demonstrates the network’s increasing influence on distribution.
Ragarfield Ltd was the second broker to sign up to Partner Broker Commercial in October and have so far placed £40k of business through the panel of insurers.”
Manu Gill, Ragarfield Commercial Manager, said: “At Ragarfield about half of the business we place is Commercial. With an achievable GWP target of £250k it made sense for us to join Partner Broker to benefit from all the advantages that it provides.
“Partner Broker not only offers advantaged levels of commission across a wide range of products, we also benefit from access to a Countrywide Business Consultant who can give free of charge on site consultancy. “
Commenting on the early success of the initiative, Tim Rogers, Countrywide Broker Services Manager, said: “It’s encouraging that Partner Broker Commercial has generated this level of interest so early on, as it marks the start of our drive towards delivering a range of new commercial solutions to Countrywide members. By committing to GWP growth through Countrywide, these members have recognised the need for change and chosen to work in partnership with us to jointly influence distribution towards our strategic insurer panel. Moving forward, the Partner Broker Commercial proposition will have a real impact on these brokers’ businesses by strengthening their relationships with insurers whilst also improving their bottom line income.”
