Insurance Schemes
Unlock new market opportunities with tailored insurance schemes that help brokers deliver specialised solutions and grow their business.
Insurance schemes offer brokers a way to deliver tailored products for specific customer groups, industries, or affinity markets. These schemes allow brokers to customise coverage, streamline policy management, and address niche client needs effectively. From trade associations and professional bodies to hobbyist groups and SMEs, insurance schemes open doors to new revenue streams while enhancing customer loyalty.
Our expertise lies in designing and managing bespoke insurance schemes that align with your target market. By leveraging data insights, regulatory knowledge, and industry expertise, we help brokers build comprehensive schemes that are both competitive and compliant. Whether you are creating a scheme from scratch or optimising an existing one, our team provides end-to-end support to ensure your scheme achieves maximum impact.
Our expertise. Insurance Schemes
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Scheme Design and Development
We collaborate with brokers to develop insurance schemes tailored to their target market. This involves analysing customer needs, identifying coverage gaps, and designing products that address those specific risks.
Our team ensures every scheme is designed with flexibility, scalability, and compliance in mind. Whether you’re targeting a professional association, trade group, or affinity market, we help you build solutions that add real value to your clients while enhancing your competitive advantage.
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Underwriting and Risk Assessment
Effective underwriting is key to the success of any insurance scheme. We assist brokers in defining clear underwriting criteria, setting risk parameters, and ensuring that policies are priced competitively.
By leveraging our expertise in risk assessment, brokers can confidently offer schemes that are both profitable and sustainable. This ensures a balance between meeting client needs and managing the financial stability of the scheme.
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Compliance and Regulatory Support
Insurance schemes must adhere to strict regulatory requirements. We guide brokers through the compliance process, ensuring that every aspect of the scheme meets local and international regulations.
From documentation and reporting to ongoing audits, we provide the tools and expertise needed to minimise compliance risks. Our focus is on enabling brokers to manage schemes effectively without unnecessary administrative burdens.
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Scheme Management and Optimisation
Managing an insurance scheme requires continuous oversight and refinement. We support brokers with day-to-day management, including policy issuance, claims handling, and performance monitoring.
Additionally, we provide regular reviews and optimisation strategies to ensure the scheme remains relevant and competitive. By analysing performance metrics and market trends, we help brokers refine their offerings and maximise scheme profitability.
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Marketing and Distribution Support
Successful insurance schemes require effective marketing and distribution. We assist brokers in creating tailored marketing strategies, building digital platforms, and leveraging their networks to reach target audiences.
With our support, brokers can effectively position their schemes, engage customers, and drive growth. Whether through online campaigns, broker training, or targeted outreach, we ensure your scheme achieves maximum visibility and uptake.
We collaborate with brokers to develop insurance schemes tailored to their target market. This involves analysing customer needs, identifying coverage gaps, and designing products that address those specific risks.
Our team ensures every scheme is designed with flexibility, scalability, and compliance in mind. Whether you’re targeting a professional association, trade group, or affinity market, we help you build solutions that add real value to your clients while enhancing your competitive advantage.
Effective underwriting is key to the success of any insurance scheme. We assist brokers in defining clear underwriting criteria, setting risk parameters, and ensuring that policies are priced competitively.
By leveraging our expertise in risk assessment, brokers can confidently offer schemes that are both profitable and sustainable. This ensures a balance between meeting client needs and managing the financial stability of the scheme.
Insurance schemes must adhere to strict regulatory requirements. We guide brokers through the compliance process, ensuring that every aspect of the scheme meets local and international regulations.
From documentation and reporting to ongoing audits, we provide the tools and expertise needed to minimise compliance risks. Our focus is on enabling brokers to manage schemes effectively without unnecessary administrative burdens.
Managing an insurance scheme requires continuous oversight and refinement. We support brokers with day-to-day management, including policy issuance, claims handling, and performance monitoring.
Additionally, we provide regular reviews and optimisation strategies to ensure the scheme remains relevant and competitive. By analysing performance metrics and market trends, we help brokers refine their offerings and maximise scheme profitability.
Successful insurance schemes require effective marketing and distribution. We assist brokers in creating tailored marketing strategies, building digital platforms, and leveraging their networks to reach target audiences.
With our support, brokers can effectively position their schemes, engage customers, and drive growth. Whether through online campaigns, broker training, or targeted outreach, we ensure your scheme achieves maximum visibility and uptake.
The benefits of choosing Exance Insurance Schemes
Smarter
Solutions
A+ to unrated, we have paper to match your specific requirements
Proven
Track Record
A trusted reputation for excellence and long-term client success
Exceptional
Underwriting
Comprehensive coverage with flexible custom risk solutions
Got a complex challenge?
We can help you find a better solution.
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Duncan UrquartHead of Construction and Surety
LinkedInEmailBiographyDuncan Urquart
Head of Construction and Surety
With over 35 years in construction insurance and surety, Duncan brings exceptional expertise to Exance. Most recently as Head of Construction Underwriting at Specialty MGA, he built a successful construction portfolio achieving USD 9.4M GWP. His career spans senior roles at Willis Towers Watson, Lockton, Marsh and Sedgwick, where he developed deep expertise in programme design, risk assessment and portfolio management. Duncan’s proven track record in building successful teams, implementing effective risk controls and maintaining strong loss ratios makes him ideally positioned to lead Exance’s strategic growth across multiple lines.
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Jordan CampHead of Operations and Distribution
LinkedInEmailBiographyJordan Camp
Head of Operations and Distribution
Jordan’s career began in niche insurance sales, building deep client relationships across diverse sectors. Over the past decade, he has helped insurers expand their distribution channels and product offerings in specialist markets. As Head of Operations & Distribution at Exance, he focuses on developing strong broker and insurer partnerships while ensuring our products meet market needs. His approach balances growth with operational excellence as we strategically expand our team.
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Mark Griffin Dip CII MCMICEO
LinkedInEmailBiographyMark Griffin Dip CII MCMI
CEO
With over 30 years in insurance, Mark brings comprehensive leadership experience across underwriting, claims and strategic growth. Beginning at General Accident, he played a key role in the CGU and Norwich Union merger to form Aviva. During 11 years at NHBC, he focused on structural warranty products and building construction sector relationships. As CEO of Exance, Mark’s deep industry knowledge and track record in underwriting excellence drives our strategic growth and development of strong insurer partnerships.
Frequently Asked Questions
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What is an insurance scheme?
An insurance scheme is a tailored insurance solution designed for specific groups, such as trade associations, professional bodies, or affinity markets. It provides customised coverage to meet the unique needs of a defined customer segment.
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Why should brokers offer insurance schemes?
Insurance schemes allow brokers to access niche markets, build stronger client relationships, and increase revenue. By offering specialised solutions, brokers can differentiate themselves from competitors and create long-term value for their clients.
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What types of clients benefit from insurance schemes?
Insurance schemes are ideal for organisations with common needs, such as trade groups, associations, SMEs, and hobbyist clubs. These schemes provide tailored coverage that addresses specific risks faced by their members.
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How can brokers design a successful insurance scheme?
Designing a successful scheme involves understanding the target market, identifying coverage gaps, and ensuring competitive pricing. We provide end-to-end support, from market analysis to scheme design, to help brokers build effective solutions.
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What are the regulatory requirements for managing insurance schemes?
Regulatory requirements vary by jurisdiction and include licensing, reporting, and compliance with industry standards. We guide brokers through these requirements, ensuring their schemes operate within the necessary frameworks.
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Can brokers offer digital insurance schemes?
Yes, digital platforms make it easier to manage and distribute insurance schemes. We assist brokers in developing online solutions that streamline policy management, enhance customer engagement, and improve operational efficiency.
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What ongoing support is required for insurance schemes?
Ongoing support includes performance monitoring, regulatory updates, and optimisation strategies. We provide brokers with the tools and expertise needed to manage schemes effectively over time.
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How can brokers market their insurance schemes?
Successful marketing involves understanding the target audience and tailoring messages to their needs. We help brokers create campaigns, develop digital platforms, and utilise their networks to maximise visibility and uptake.
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What are the benefits of offering niche insurance schemes?
Niche schemes allow brokers to serve specialised markets, build loyalty, and generate higher margins. These schemes also help brokers establish themselves as experts in specific industries or client groups.
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How do brokers ensure the profitability of insurance schemes?
Profitability comes from clear underwriting guidelines, effective risk management, and ongoing performance reviews. We help brokers optimise these elements to ensure their schemes remain sustainable and profitable.