| What is a Program?
In today's property and casualty industry, many carriers utilize insurance
professionals with established books of business in selected classes,
geographic regions or industrial groups. As the acknowledged leaders in their
field, providers seek these experts to act as their "branch office" for that
product. Niche industries like nursing homes, apartment buildings, health
and fitness clubs and social services industries present a particular challenge
as specialty, harder-to-place markets.
The goal of every program is simple - create a solution that offers the right coverage at an affordable price for the consumer and an underwriting profit for the carrier. In balancing these goals, a program manager is rewarded financially. As a leader in the insurance niche marketplace for over 10 years, the Norwich Group recognizes the need to develop programs that represent a win-win proposition for the insurance carrier and the program manager. |