MMA relaunches SME product

Broker insurer MMA Insurance has relaunched its commercial combined policy for SMEs as part of its drive to enhance its commercial lines development.

The company said changes to the policy have been made following feedback received from both brokers and their SME clients.

The review has resulted in the incorporation of three new covers: refrigerated stock; loss of licence and legal expenses.

Derek Plummer, commercial director of MMA Insurance, said: “Working with our brokers, we have recognised the need for a wide bespoke facility in the SME market and are beginning to implement a whole range of initiatives to demonstrate our commitment to this sector. Before embarking upon these programmes, we talked to over 1,000 brokers about what they needed to help them acquire and retain their SME clients.”

Plummer added: “We are in the process of establishing regional underwriting teams to provide a faster, local and more personal service and now we are matching this elevated service with superior products which have been developed in conjunction with our brokers. This ties in entirely with our philosophy of offering brokers a choice based on what business they want to place with us and by what methods.”

MMA said the review of its commercial combined product is the first of many reviews that will be taking place over the coming months based on the broker research.