FSP encourages its preferred risk carriers to lift their game
Financial Services Partners (FSP) will conduct a review of its preferred risk carriers in an attempt to have the insurance providers lift their game.
FSP’s current risk carriers are AIG, Aviva, AXA, CommInsure, ING, Tower and Zurich.
The providers will be assessed by FSP’s advisers through an annual adviser survey.
They will be judged on factors including underwriting, new policy processing, claims processing, electronic capability and technical service and support.
“The adviser survey is a real litmus test for tracking the success of the concept and then assisting the product advisers to lift their game where necessary,” according to FSP adviser and risk council chair Christopher Hale.
FSP said the preferred risk strategy has provided superior results for both the adviser and the client in its first full year of operation.
The review is expected to be completed by November.
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