Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Gi Leads Introduction Presentation
1.
2. A Little About Us
GI Leads the brand name of a general insurance
referral service to 2 insurance broker companies
Bowlin Insurance Consultants Ltd
Carvel Insurance Brokers Limited
My name is Colin Davies
MD of both brokerages
3. Why Two Brokerages?
Domestic Insurance Commercial Insurance
Home Fleet
Travel Liability
Motor Indemnity
Events Trading Risks
Private Client Property Investors
+ Crossover Business Commercial Property
4. Referral Service Values
designed to be:
• simple to join
• easy to understand
• low on admin
• resource free
• valuable to clients
• profitable
• a recurring revenue
5. Who is eligible
aimed at:
• IFAs
• Mortgage Brokers
• Pensions Advisors
• Property Advisors
• Accountants
• Legal Advisors
• Business Consultants
6. How it Works
You The Intermediary:
• raise the subject of general insurance with a client
• introduce the concept of an insurance review
• explain either Bowlin or Carvel can help ( no GI advice )
• ask for permission from the client to be contacted by us
• log details of the client with us – on-line / email / phone
We The Brokerage:
• phone the client to take details or organise a visit
• advise, quote and manage the whole sales cycle
7. Client Benefits
Personal Service Leading Value
• One number to call • Aggressive pricing
• No Call Centres • Search whole market
• We search for them • We Beat most quotes
Free Advice Claims Handling Service
• Insurance Review FOC • In-house Claims Team
• No pressure advice • From Report to Payout
Your clients are assured of Quality Cover
that’s Highly Competitive
8. Valuable Client Questions?
“Have you ever used the services of an insurance broker?”
“Is your home insurance with your mortgage provider?”
“Do you check the market annually on all of your policies?”
Simple questions to ask...
...but what could the rewards be?
9. The Rewards
Commission
15% on Commercial
15% on Property - a new revenue stream
7.5% on Liability - a renewable income
5% on Motor - added client value
% is of premium minus 5% IPT
- more reward from your
existing network/contacts
Paid at end of month
+ On Annual Renewal
10. Example 1
A Domestic Client
Home & Contents Policy = £270
@ 15% Commission = £40
Renewable for 3 years = £120
Fully Comp Motor Policy = £700
@ 5% Commission = £35
Renewable for 3 years = £105
per client per annum = £75
over policy life if held for 3 years = £225
1 client lead a week p/annum = £4,000
3 years Total Commission = £12,000
11. Example 2
A Business Client
All Business Liability Policy = £475
@ 7.5% Commission = £35
Renewable for 3 years = £105
Premises Insurance = £750
Directors & Officers Insurance = £300
@ 15% Commission = £150
Renewable for 3 years = £450
per client per annum = £185
over policy life if held for 3 years = £555
1 business client lead a week p/annum = £28,860
3 years Total Commission = £86,580
12. Joining Up
• One simple form/agreement to fill in & return
• We register you as an Introducer Appointed
Representative (IAR) with the FSA
• We give you your GI Leads Introducer Number
• We take your bank details for payment on first
successful lead you provide (or we pay by cheque)
• At the end of each month we pay you your total
commissions in full
