Media Release Insurance Industry Publications
Qiducia is an underwriting agency purposely built to service Australia’s insurance brokering community and financial intermediaries. Qiducia acts on behalf of Guild Insurance Ltd
Melbourne - February 23, 2016
Celebrating their launch to introduce state-of-the-art owner builder success formula, Qiducia Underwriting resets Broker interest in owner builder business.
The new company is wholly focused on providing Brokers and AR’s with efficient and effective owner builder solutions. Their solutions allow Brokers to focus on their operational excellence, customer intimacy and client relations and importantly, deliver above average financial returns. The owner builder segment has remained steady and resilient since 2008. This steady course is underpinned by population growth and an insatiable home renovators market. Great news all around, as Brokers and in particular, AR’s continue to secure the largest share of new business as they leverage their client base and professional networks. However, this resilience has not necessarily translated into broker profit.
Owner builders are non-professional builders embarking on the project of their lifetime and in most cases anchoring their economic future to an incident free and successful completion. In these complex scenarios the value of quality Broker advice is paramount. Time and again on-line retail and call centre solutions fail the most basic test of communicating appropriate detail with relevant advice. Advice omissions or over-simplification places owner builder’s economic future at high risk.
Maha Raslan, Head of Underwriting comments, “Qiducia inherently are underwriters who understand owner building risks. Our promise to Brokers and AR’s is simple; sustaining growth and profitability in non-renewable business requires low operational touch, fast quote and bind processing. This requires seamless back office administration, banking and reconciliation. In addition, quality of security including their affinity with the insured’s profile and requirements is critical. Qiducia is perfectly balanced in this regard.”
The newly launched Qiducia offers the industry the following:
· First-class security for this sector’s client and risk
· Underwriting Team boasts over 10 years deep, rich owner builder underwriting heritage
· Underwriter with strong brand and reputation which resonates with client profiles
· Premiums price points which will delight and win business
· Pertinent, relevant and on-point Wordings specific to owner building
· Broker commissions that break tired outdated traditional modes
· Seamless, end-to-end Broker interface into core Broker transaction systems eliminating the requirement to access third party websites, or retain Brokers confidential information on uncontrolled third party systems or websites. Eliminate time-wasting phone calls or completing primitive application forms. Gain real time live quotes, quote management, bind and reconcile, all without leaving Broker systems
If the difference between insurance value and premium is the customer’s incentive to buy, then releasing Broker staff from mundane and error-prone re-keying of quote and Schedule information is a priority. Under the Qiducia model Broking staff are freed up to serve clients and feed business growth, not serve underwriters or administrators.
For more information visit www.qiducia.com.au.
About Qiducia Underwriting Australia:
Qiducia is an underwriting agency purposely built to service Australia’s insurance brokering community and financial intermediaries. Qiducia acts on behalf of Guild Insurance Ltd.
About Guild Insurance Ltd:
Established in 1963, Guild Insurance Ltd is a tier 1, first-class Australian insurer with a rich heritage in owner builder clients. The company has grown from a small business focused purely on the pharmacy industry, into a multi-faceted business dedicated to protecting Australian professionals. Ever evolving their insurance products and core industries, Guild Insurance now offers a variety of commercial and personal insurance products and legal support. They are an Australian Prudential Regulation Authority (APRA) and a regulated insurer with an A.M. best rating of A- positive outlook. ABN: 55 004 538 863, AFSL 233791