Pictured above: Brian Hall
Midlands-based employee benefits provider, BHSF, has announced
strong growth in the volume of business being placed through its
intermediary channel.
The BHSF Group which comprises both employee benefits provision
and the underwriting of personal accident and health cash plan
benefits has confirmed that 2010 saw further compound growth in the
amount of business written through its intermediary channel.
The channel which was founded in 2002 as an alternative to the
Group's traditional worksite marketing activities has taken time to
gain the attention of the intermediary community but in recent
years has played a significant role in the growth of the
organisation.
In a recent interview, Brian Hall, Sales & Marketing
Director, at BHSF, confirmed that approximately 40 per cent of the
Group's new business is now written with intermediary-introduced
clients.
Hall, speaking at the Group's Birmingham head office, said: "It
has been an exciting area in which to operate and one that has
required the development of new skills.
"Intermediaries are demanding clients with reputations and
service standards to uphold and, therefore, it is important that
you have all your 'ducks in a row' before seeking to service this
important market.
"We have been very fortunate, in that we have now been appointed
as the preferred provider to three of the UK's top broking firms.
We are also the preferred choice of a number of the regional
broking houses and interest from others continues to promise
further growth in the future".
On the competitive nature of the current market, Hall said: "It
is not helpful when some underwriters are producing quotes at
unsustainable prices and we have fought hard not to be drawn down
that route.
"That said, our growing scale and efficient systems allow us to
compete at the sharp end on price while still offering both quality
and price stability. Despite the recession there is still a
professional approach among intermediaries and I am glad to say
that the judgement of which provider to recommend goes far beyond
just the price".
The growth in intermediary revenue written by BHSF has been
matched with a corresponding growth in the group's service
team.
One of the recent converts to the BHSF approach has been Heath
Lambert which has placed a number of major clients with them.
Speaking at their London offices, Karen Gamble, Director of
Health & Wellbeing at Heath Lambert, said: "I think the word to
use is 'refreshing'. BHSF's approach to business is one of
'customer first' and they are prepared to look for the solution
rather than to offer a set product and try to sell their way to
success. It means that we can be open and honest with both
client and provider and the whole thing generally runs much more
smoothly".
Looking ahead to 2011, the Group is keen to talk about what is
new and that there is more to come, emphasising that their
not-for-profit ethos allows them to deliver deals to intermediaries
that perhaps more commercial insurers would not be able to
contemplate.
"The best is yet to come", says Brian Hall.