the wholesale brokerage value proposition
Wholesale brokers are valuable allies to the retail broker community when it comes to handling difficult-to-place risks.
“At Novita, we know our retail brokers. We have a relationship with them, and we provide them with the ability to offer frictionless, seamless experiences for their clients.”
EXPERTISE
Wholesalers have years of experience, deep knowledge, and personal connections within their specialty areas. While some retail brokers have dipped into the excess and surplus market, changing market dynamics, available capital, and new risks make the use of an experienced wholesale broker a smart choice in today’s marketplace. At Novita Insurance Solutions, expertise is a hallmark.
INNOVATION
Novita’s innovative, solid approach to delivering specialty insurance packages provides insurance brokers and agents unrivaled coverage options that protect their clients’ assets and businesses. Our team of professionals is committed to a mission of best products and solutions at competitive prices to address market dynamics, whatever the current circumstance.
COST
Wholesalers are able to more quickly go to market due to their flexibility and open structure. They often have better access to certain insurance markets and that access can prove very beneficial when dealing with difficult-to-place risks.
Efficiencies
As a wholesaler, Novita Insurance Solutions not only has the expertise, but the efficiencies of resources and responsiveness – from fast, accurate, and decisive underwriting to proactive, experienced and claims handling. The organization works as a ‘smart’ firm, focusing on adding value to the retail/broker transaction and finding ways to make its retail client partners better, thereby ultimately delivering a better product and experience to their insured.
We provide retailers with access to specialty lines insurance products and add value by providing technical expertise on difficult or complex risks.
accuracy
“Business goes to the E&S market because it needs some kind of special attention,” It’s non-admitted business so there are manuscripted endorsements; someone has to look at it, apply professional expertise, and handcraft those endorsements. It has to be fast, accurate, and scalable. Our value is in providing retail clients confidence in our ability to have that granular market knowledge and expertise in ‘real time,’ to understand both the creative and complex nature of risk, to deliver expeditiously in the case of any future claim, all at competitive prices. At Novita we know our retail brokers, we have a relationship with them, and we provide them with the ability to offer frictionless, seamless experiences for their clients.” – Pat Lowther, Owner/Principal, Novita Insurance Solutions
