Insurance Underwriting: Anybody know of any companies that would underwrite and brand a home insurance policy?
I am with a home upturn magazine which specializes in advertisement and we are interested in finding an underwriter that would be of a mind to brand a product – a home insurance policy. The underwriter will handle adjectives daily operation regarding the insurance within itself, and in turn, we would divert adjectives applicable traffic to you via our publications. Our magazine has an extremely generous following, and is trusted and well respected. I am interested surrounded by names and phone numbers from probable companies which may be capable of assist us. Please, valid answers only. Thanks!
Answers: LOTS of companies underwrite and brand homeowners insurance policies.
You can't start your own company, though, in need permission of the insurance commissioner within every state you want to write business.
What you REALLY want to do, I think, is do "program insurance" kinda resembling AARP and AAA do. They have arrangements beside carriers, to write business beside them.
What you CAN'T do, is make any money past its sell-by date of referrals. See, that's heavily regulated surrounded by each state, and if you're not licensed to vend insurance, you can't receive "kickbacks" or "finders fees" or "commissions" on policies.
Keep in mind, homeowners insurance is a loss commander-in-chief. A PROFITABLE company pays out about $1.10 within homeowners claims, for every $1 they take surrounded by, in premium. Policies are underwritten within a very cookie cutter carriage.
So, I'm not sure what you're really looking for here, or how large a "book of business" you're likely to offer. Or, the QUALITY of the book of business. Can you promise 100,000 owner inhabited, single family homes short pitt bulls, that have be completely updated within olden times 25 years, and have owners next to credit scores over 650? Or are you trying to find a souk for substandard business?
You need to be A LOT more specific.