Special Section sponsored by
Markel Programs
Develop a winning strategy for your property & casualty program business
What does it take to make program business successful? Markel Programs, under
the leadership of Managing Director Richard J. Wiseley, Jr., recognizes that
program business success is achieved only when the general agents (GAs) who
serve as Markel’s program business partners enjoy significant growth and benefits through adding
quality products, classes, and profitable lines of business derived from their
association with Markel.
Ray Arouesty, president of Arrow Insurance Service, Inc., thinks that Markel has
the right approach:
“For 27 years, Arrow Insurance Service has written a general liability program
for swimming pool and spa service technicians. In 2004, we partnered with
Markel and the relationship has been mutually beneficial to us both.
“Markel has a simple approach to program business: conduct thorough, initial due
diligence on the program and its general agency, then let the pros at the
agency run the program. That approach has proven to be a winning strategy. We’ve expanded our program from five to eight states since we partnered with
Markel, who continues to support our marketing and product line expansion.
“The team at Markel is extremely responsive, but I also know I can chat with the ‘guy at the top,’ if the need arises. I haven’t had such a need to date. And despite the advances in technology that make
personal/professional relationships less common today, Markel continues to
possess a down-home attitude that contributes to the great relationship we
enjoy.”
With a solid track record featuring more than 60 years of experience in program
development, Markel offers specialty property and casualty insurance products
and programs in a wide variety of niche markets.
“We understand that many of the GAs who come to Markel need a marketing plan for
a particular program area,” said Wiseley. “We sit down to learn about the GA’s approach, then we look at ways in which we might help their marketing efforts.
Among them are assistance with promotional brochures, Web sites, press
releases, product sheets, advertising, and other joint marketing strategies
that the GA might suggest.”
Based on its niche program experience, Markel Programs outlines and describes
how their business development specialists can assist in generating business by
exploring geographic opportunities perhaps not fully cultivated previously. The
business development specialists, based in several geographic regions
throughout the United States, arrange face-to-face introductory meetings with GAs to better understand their
retail programs and objectives. Markel has found that this kind of
person-to-person connection invariably leads to a mutually satisfying business
rapport.
Markel’s loss control approach has also proven to be a great asset. GAs can benefit by
consulting with their risk management experts, reworking supplemental
applications, and reviewing loss control reports for specific classes of
business.
Another reason cited by GAs for doing program business with Markel is access to
additional distribution solutions through their retail partner channel. At
Markel’s recent partner agent meeting, retail producers were introduced to Markel
Programs’ hired and non-owned auto, tow truck, and mobile crane/boom truck programs.
Communications are emailed to retail agents throughout the year to update
producers on new programs and enhancements. GAs can also leverage other Markel
product lines to help round out their accounts.
“We firmly believe that careful planning of marketing strategies and growth
initiatives are among the key reasons that our program partners—who recognize our success with targeting niche property and casualty programs
over many years—continue to do business with Markel Programs,” stated Wiseley.
Just as program administrators continually seek marketing partners from within
the carrier community, Markel Programs is equally eager to develop business
relationships with agencies that have their own track records of consistent
performance in certain niches and are engaged in major expansions of lines of
business. They pursue partners who offer the prospect of producing $3 million
to $5 million in volume over the first year or two, plus a $10 million
long-term expectation.
Whatever your business class programs are, chances are good that Markel is
willing to explore the opportunities. From antique dealers to upscale mobile
home parks, coin collectors, mobile cranes, tow trucks, golf courses, or tools
and equipment, Markel Programs stands ready to help plan and design tailor-made
admitted and nonadmitted property and casualty niche programs to generate
satisfying, profitable results—for program business partners and for Markel Programs.
To discuss ways in which you can work directly with Markel on your program
administration projects, please contact Rick Wiseley, Jr., managing director of
Markel Programs, at (804) 864-3747 or rwiseley@markelcorp.com.
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