The property market has undergone significant changes in recent years and the hardening market combined with increased regulatory pressure, challenges of flammable cladding, flood exposure and the impact of Covid-19 has seen a number of insurers reducing capacity and tightening terms. However, here at NIG we’re very much open for business and ready to discuss property risks.
Our capacity, strategy and fundamental wording haven’t changed – we’re remaining consistent and are open to engaging with brokers to find appropriate solutions for their clients. With a number of property propositions, from eTrade via TheHub and Software Houses to our Regionally traded Property Owners product, which is aimed at midmarket risks and our specialist Real Estate offering which supports larger portfolio business and specialist Property Owners intermediaries. We can write a wide range of risks, including flood exposure on a portfolio basis to accommodate high risk locations, as a small proportion of an otherwise acceptable portfolio.
Our Real Estate Capabilities
Dedicated surveying teams – We have the ability to carry out pre-quote surveys helping brokers and their clients identify and manage risk.
Risk Assist – Our online portal gives brokers and their clients access to a wide range of tools and guides. Including; LeakSafe to help manage and reduce the escape of water risk and building validation making sure property is insured for the right amount.
Specialist expertise – Our dedicated real estate team, led by Peter Foulger is made up of broker-aligned underwriters and property claims experts with a wide range of real estate experience.
Financial strength and security – We’re part of one of the UK’s largest insurers, Direct Line Group. This means we have the financial strength and security of an A-rated underwriter.
Want to know more about how our property solutions can help you and your clients? We’d love to have a conversation with you! Get in touch via your usual NIG contact to find out more.