NBS News

MGA Initiative of the year – GOLD AWARD

NBS Underwriting

9 December 2022

NBS Underwriting is an ambitious MGA providing competitive and market-leading insurance products for brokers across personal & commercial lines. Our business model is to add specialism to areas outside the main insurer appetite. We are delighted to be winners of the Insurance Times MGA Initiative of the Year Award.

We are committed to a ‘service first’ approach and this is the key driver for our business. Our entry for the Insurance Times – MGA Initiative of the year’ focused on our commitment to ensuring we provide service excellence and the initiatives we’ve introduced to achieve this, include:

  • Automation of our process for ease of transaction. Our quoting system ensures speed of delivery for even complex cases.
  • Instant or same day quotes and advanced renewals.
  • Adapting technology and engaging with Insurtechs to drive the industry forward.
  • Development of our two new products: community enterprise and unoccupied property.

NBS’ key strength is agility and the ability to respond to market conditions. Our initiatives have seen our business grow rapidly – our GWP has increased from £23m GWP in 2020, to £51 in 2021 and we are on track to grow to £73m by the end of 2022.

We now have over 1,000 agents with over 450 placing business with us every month – compared to 300, a year ago. Our quote numbers have increased c.35% to 40,000 per annum from last year. All these results are testament to the outstanding service we provide, quality of our products and the speed we can deliver quotations.

We work hard to give our brokers a competitive advantage. We employ the best people, work with the best insurers, and always strive to be exceptional.

We firmly believe that our:

  • product quality,
  • range of products,
  • state-of-the art technology,
  • speed of quotation delivery,
  • quality of service,
  • underwriting expertise….

is unrivalled by any other MGA in the industry and sets us apart from the rest.

Our employees have been loyal and productive throughout the year and their support is the key to our success. Being awarded with Gold recognises their dedication and contribution.

For further information on NBS Underwriting visit our why NBS page