We have seen multiple angles of change hitting in the construction insurance industry in the last 18 months. All driven by events affecting community and market reality.
We saw markets going into run off leading to a contraction of capacity; we saw unfair contract terms regulation come into effect; and we can see the economy segregating into two speeds. Driven by online retail the logistic infrastructure expedites whilst other industries are subject to structural transformation.
How can we help? All you need is an underwriting partner who draws upon knowledge and experience to anticipate the needs of brokers and their clients to create innovative products and risks solutions at outstanding service standards. Our Construction team at Pen Underwriting are here to share where we can make a difference.
Our products, combined with exceptional service, demonstrate our commitment. You can rely on us to understand your clients’ needs, providing expert solutions by being helpful and creative throughout the process. In order to do so in construction, our operational model draws on integrated data warehouse and data management systems as well as many decades of combined knowledge and experience across the team.
Each case whether renewal or new business, gets looked at on a pre-processed basis by one of our expert underwriters who is then available with support and guidance throughout the submission. To turn around as many as possible cases for our broker partners, we would like to share where we can make a difference.
From a size exceeding very small sole trader businesses and owner builders, our strength is the SME space. On a limited case by case basis we can now provide solutions on the lower mid-market, whilst also offering a wide range of extensions. For more information on risk appetite, please visit our website.
Please note: To ensure we provide solutions within a timely manner, we require a 5 years Claims History and complete submission. If you require further assistance throughout the submission process, our friendly team are more than happy to help you.
We look forward to working with you through the end of an interesting financial year 20/21.
