Insurance distribution in a regulated environment
Whether a distributor is authorised for insurance distribution activities, or it requires the support of an FCA-authorised firm to provide potential policyholders with insurance, Specialty Risks has a range of options that will ensure any organisation can operate in compliance with the FCA’s handbook.
We can provide unregulated distributors with the following insurance distribution options:
These options give distributors the ability to provide insurance cover to their customers without the need to become directly authorised and regulated by the FCA. This saves distributors significant time and costs.
Insurance4InsulinPumps Case Story
Insurance4insulinPumps.co.uk was created by Adeona Limited in 2010. In 2018, Adeona Limited moved their scheme to Specialty Risks Limited, becoming an Appointed Representative in the process. Find out more about how Adeona benefits from working with us.
Specialty Risks was the clear winner to provide our market first insulin pump insurance.
FCA authorised organisations
Organisations that are already authorised and regulated by the FCA can also take advantage of Specialty Risks’ experience and technology.
Our binding authority agreements allow for sub-delegation. Sub-sub-delegation is available subject to the agreement of the insurer.
Developing schemes for brokers
Are you an insurance broker trying to differentiate yourself from your competition? Have you developed expertise in your own niche and want to offer a better product than your competition?
Specialty Risks has the capability to deliver insurance brokers with an existing book of business with their own scheme:
Specialty Risks is the only business that has been able deliver us the scheme we’ve wanted to build since we started printinsure in 2015
Founder and Managing Director, printinsure
Want us to build you a scheme?
Find out more about how we can help your organisation