|Product Manufacturer||Joint Carrier & MGAM|
Product Approval Process
The POG concluded that the product is suitable for the target businesses and PA exposures arising from work activities whilst travelling.
Who this Product is suitable for:
SME Business owners, with 2 or more members of staff/directors who Travel Domestically and Abroad for business who may require medical attention or repatriation while travelling for business purposes. Personal Accident insurance providing a fixed one off benefit amount and weekly benefits to support and supplement reduced income as a result of being in an accident which prevents them from working.
Who this Product is not suitable for:
Consumers – any natural person purchasing a policy which is unrelated to their trade and/or occupation.
Large Corporate entities which exceed 50 staff which have more complex requirements.
Product Suitable Distrubution Strategy
|Sold directly to customer by our firm||No|
|Sold to the customer via Appointed Representative||Yes|
|Sold via other intermediaries between us and the end-customer||Yes|
|Sold via a comparison website||No|
|MGAM Delegated Authority (Transactional)||No|
|MGAM B2B2B Quote & Bind Platform||Yes|
|MGAM B2B2C Quote & Bind Platform (first party system)||No|
|MGAM B2B2C Quote & Bind Platform (third party system)||No|
|Sub Delegated Authority (Coverholder)||No|
|Coverholder B2B Quote & Bind Platform||No|
|Coverholder B2C Quote & bind Platform||No|