In awards voted for by brokers, our underwriters across the UK have been shortlisted for three Underwriting Service Awards; Small Commercial Combined (£2,000-£9,999 premium) Underwriting Team of the Year, Construction & Engineering Underwriting Team of the Year and Voluntary, Care, Heritage & Education Underwriting Team of the Year.
These awards are unique in one key area. They are based not on insurer submissions judged by a panel, but on large-scale objective input from UK commercial broking professionals, submitted through an annual Business Insurers Insight Study and accompanying line-specific studies.
So, how does it work?
- In each line of business they handle, brokers are asked to grade - A, B, C, or D - the all-round professional calibre of the underwriting teams they've dealt with at each insurer they've worked with during the 12 months.
- These grades are converted into percentage performance scores for each insurer, in each line of business in which it is a significant competitor. Shortlists consist of the four or five top-scoring insurer underwriting teams in each line.
- Further verification and analysis determines the highest scoring team in each line of business, and the one that will walk away with the trophy at the ceremony on 22 November at the Oval.
The Underwriting Service Awards are entirely in brokers' hands. There's only one way an underwriting team can win one: by delivering an absolutely first-class service.