Broker insurer MMA Insurance has joined forces with RiskSTOP, the leading provider of independent risk management services, to provide risk management assistance to MMA policyholders. The service will also support brokers in the development of a quality book of SME business.
The partnership comes into force in January 2010 and will see RiskSTOP undertaking site and questionnaire-based surveys and managing the implementation of risk improvements on behalf of MMA Insurance.
Initially the service will be available to MMA’s Commercial Combined customers but, as part of its continued commitment to its brokers’ SME clients, will later extend to other commercial customers focussed in the SME arena, such as property owners and retailers.
MMA has announced the initiative will bring significant benefits including easing brokers’ workload, facilitating the implementation of risk requirements and recommendations, and the potential for better pricing. In addition the service will provide brokers’ clients with specialist advice on how to protect their businesses and reduce the chance of an interruption to business as well as the sourcing of products, services and contractors.
Commenting on the announcement, MMA’s head of Commercial Underwriting Paul Hodgson said: “Our partnership with RiskSTOP totally supports our commitment to the SME sector and underpins our desire to write a profitable quality driven book of business. Key in our decision to collaborate with RiskSTOP for this purpose was their credentials for customer service and quality of delivery. We are confident that together we bring some new and innovative risk management solutions to the SME sector.”
RiskSTOP Director Trevor Smith added: “We are delighted to be working with MMA Insurance. We believe that they have a fresh and exciting proposition in the SME market. Their commitment to providing good risk management for commercial customers will bring significant benefits, not only strengthening their business, but also that of their brokers and policyholders.”
