Welcome to 2016! In 2016, we are revamping our VIAA blog. Every Tuesday we will have a post related to personal lines. Thursday will be dedicated to commercial lines. We will focus on a new product from one of our Strategic Partners each Wednesday. Please visit often, comment and help to make this a great blog! We are looking forward to a great 2016! Thank you!
This week, our Strategic Partner focus is Nationwide. Nationwide will do monoline commercial auto. They will also do new ventures in other lines, with the exception of worker’s compensation. Please check out the attached flyer for more info. It should be noted, however, that they are really not interested in habitational exposures (even though it is shown on the attached sheet).
Nationwide has a broad appetite and can offer competitive pricing on many classes. Nationwide has improved their commercial rating system to streamline the rating process. On smaller, simpler risks, 60% of these accounts will no longer require underwriting intervention. In addition, there are 80% fewer quote screens when quoting BOP and business auto.
If you have Nationwide, quote them on your next opportunity. If you do not have a direct code, but would like to see what Nationwide can offer, send your submission to email@example.com.
Please see attachment here: Monoline Auto and new venture guidelines