BELLROCK SPECIALTY PTY LTD [ OUR METHODOLOGY ] ACN 123 213 207 AFSL 310 545 [ V1.01 25/11/2024 ]
Proven Track Record
Since Bellrock’s launch in 2007, our negotiation model has been stretched and tested…challenged and proven. Bellrock Specialty’s turnover has continued to grow outpacing our competitors’ growth, year after year. We have created a truly competitive environment for our clients.
Bellrock Specialty Business Model:
Create a truly competitive environment, where we have genuinely motivated underwriters.
Method:
- Nil overriding commissions or incentivised bonuses with Insurers
- Nil profit share agreements
- The preferred Insurer is the Insurer proposing the best package for the Insured
- Bellrock Specialty outlines bespoke Insurance package
- Bellrock Specialty normally selects one (lead) Insurer for each placement and works exclusively with them.
We only talk to another Insurer if the initial Insurer says ‘no’. Insurers appreciate this transparent non-time wasting approach.
Outcome:
This transparent negotiation platform has a profound effect on terms negotiated, as Bellrock Specialty is dealing only with committed underwriters with a vested interest in the outcome.
- Nil overriding commissions or incentivised bonuses with Insurers
- Nil profit share agreements
- The preferred Insurer is the Insurer proposing the best package for the Insured
- Bellrock Specialty outlines bespoke Insurance package
- Bellrock Specialty normally selects one (lead) Insurer for each placement and works exclusively with them.
We only talk to another Insurer if the initial Insurer says ‘no’. Insurers appreciate this transparent non-time wasting approach.
Outcome:
This transparent negotiation platform has a profound effect on terms negotiated, as Bellrock Specialty is dealing only with committed underwriters with a vested interest in the outcome.
Summary:
Bellrock Specialty’s negotiation methodology is ‘Measurably Different’ from the Industry standard.
Bellrock Specialty’s negotiation methodology is ‘Measurably Different’ from the Industry standard.
Case Study
A large Property-based company had previously paid a $2.4M premium through their previous broker. However as a consequence of our proven negotiation methodology with our trademark “motivated underwriters”, we saved them $1M in premium, improved their cover and increased their Insurer Security from A to AA.
Case studies are examples of outcomes we have achieved for clients. Bellrock does not guarantee a similar outcome for future clients and the information provided in the case studies should not be relied upon as personal advice or professional guidance. It is important to seek professional advice before making any financial decisions.
