Distribute your insurance products to other European Countries

Most business attempts to export insurance distribution to other regions fail because of a lack of preparation. Don’t reinvent the wheel. Let us guide you on how to expand your services to other European regions.

1. Analyse

A 1 to 2 hour workshop session with all steak holders to discuss the intention, product(s), markets, distribution forms, finance, compliance and regulations, and (re)insurance setup. This session creates an initial understanding of opportunities and key points for further research. This session can be preceded by the signing of a confidentiality agreement if desired.

2.Overview

If a follow-up is desired based on the first session, Bengrip will use its proprietary expansion model to provide a complete overview of all key components. For these components (for example, fraud or the need for local people), the appropriate methodology will be determined. All with the intention of arriving at a highly practical plan of action for all parts.

3. Launch

In the third phase, Bengrip can lead international expansion. This avoids having to hire separate capacity just to supervise the project. Think, for example, of submitting and supervising a license application. While the new management can focus on commercial activities, Bengrip can take care of the proper set-up of all other activities, such as IPT logistics.

4. Produce

Start your international business and monitor for success.

We’ve got you covered

Whether you are an insurer, an MGA or an intermediary, international expansion is not an easy task. Insurance distribution is highly regulated, but it is also in large part determined by local culture and habits. Direct sales methods that work in the UK or the Netherlands, might not be very successful in Germany for example. And there is much more to look at, like local mandatory requirements or different fiscal charges. The large number of key elements influencing the results make it risky to expand without the proper preparation. Hire expert knowledge before waisting unnecessary funds.

“No longer just guessing what is required to create a success abroad”

Let's
connect

Leave your details and one of our experts will contact you!