About the broker
The specialty team of a top-10 global broker, placing reps and warranties, high-value property and marine risks for clients around the world.
Systems currently used
- Salesforce
- AWS
- Databricks
- Whitespace
- Applied Epic
The challenge
Small risks in high-value lines, such as reps and warranties, high-value property and marine, take as much work to place as large ones, and earn far less. Each one still needs the submission read and checked, a full submission built for the market, the insurers chased and their responses compared, and a report written for the client. As a result, these were being turned away.
What ancep did
ancep’s agents take each small risk from submission to the client report. They read the submission and its documents, flag anything missing and build a complete submission for the market. They send it to the insurers the broker chooses, chase the responses and set them side by side, with every figure linked to the page it came from. Then they draft the client report. The broker signs off before anything goes to a market or the client.
The result
Average placement time fell by three weeks, and the agents were live within eight weeks of starting. Small risks the team used to decline are now placed, with the broker making every decision along the way.
