by Ben Rose | Jun 14, 2016 | FAQ
In an open-market tender, competing brokers will reach out to all their partner insurers with a request for quotation. If the business has already been quoted on for another broker, and the proposal is more or less the same, then the insurer is obliged to come back...
by Ben Rose | Jun 14, 2016 | FAQ
A traditional tender is likely to lead to underwriters losing interest in winning your business because they do not believe they have a real chance to do so. Reasons for this include: There are too many insurers involved in the tender (yes, they talk!) There are too...
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