Product Oversight & Governance

Q Underwriting’s Product Oversight & Governance

Under the FCA’s Product Oversight and Governance (“PROD”) rules, Q Underwriting (‘Q’) is a distributor for the products that we provide, and we take our regulatory responsibilities for product oversight and governance very seriously. For a small number of products that we distribute we also have co-manufacturing responsibilities with our insurer partners.

Working collaboratively with our insurer partners Q operates a robust framework that provides an effective review and oversight process of our products, this includes new product development, product changes and fair value assessments. 

This page includes information on our Product Oversight and Governance arrangements.

Frequently Asked Questions (FAQs)


Where Q Underwriting is classed as Distributor, we have been liaising with our Insurer partners (Manufacturers) and taken their guidance as to which Target Market Statement and Fair Value Assessment relates to which product. We have provided a link to the relevant websites and signposted to their most relevant product.


Who is the Product Manufacturer for Casualty & Construction?

Product NameInsurerOur RoleTarget Market Statement and Fair Value Assessment Available?
Combined LiabilityAXADistributorClick here
Contractors CombinedAXADistributorClick here
Excess Liability CombinedZurichDistributorClick here, please refer to the Manufacturers' Small/Medium enterpise and Mid-Market products
Land & Property Owners LiabilityAXADistributorClick here
Tradesman & Professionals PackageAXADistributorClick here


Who is the Product Manufacturer for Motor?

Product NameInsurerOur RoleTarget Market Statement and Fair Value Assessment Available? 
CourierAXADistributorClick here, please note that this product is not available to new and renewal business
Day DriverAvivaDistributorClick here, please refer to the Manufacturers' Minifleet product
Executive SingleAvivaDistributorClick here, please refer to the Manufacturers' Minifleet product
Legal Expenses (Motor)ARCDistributorClick here
Motor Trade CombinedTravelers  DistributorClick here
Motor Trade (Road Risks)
AvivaDistributorClick here, please refer to the Manufacturers' Motor Trade product
RAC BreakdownRACDistributorClick here
Taxi FleetAvivaDistributorClick here, please refer to the Manufacturers' Fleet (>15 vehs) or Minifleet (<15 vehs) product
Taxi LiabilityAvivaDistributorClick here, please refer to the Manufacturers' Commercial Combined product
Taxi SingleAvivaDistributorClick here, please refer to the Manufacturers' Minifleet product
Truck Mini FleetAvivaDistributorClick here, please refer to the Manufacturers' Minifleet product


Who is the Product Manufacturer for Property & Package?

Product NameInsurerOur RoleTarget Market Statement and Fair Value Assessment Available?
Blocks of FlatsAXADistributorClick here, please note that this product is available to new and renewal customers
Charity CombinedAvivaCo-ManufacturerClick here (Target Market Statement), Click here (Fair Value Assessment)
ClubguardAXADistributorClick here
CombinedTravelersCo-ManufacturerClick here
Combined Liability (EL, PL & Prod)NewlineDistributorClick here (Target Market Statement), Click here (Fair Value Assessment)
Commercial CombinedAXADistributorClick here
Commercial Loss RecoveryLoregaDistributorClick here (Target Market Statement), Click here (Fair Value Assessment)
CyberBeazleyDistributorClick here
Machinery & Computer BreakdownAvivaCo-ManufacturerClick here (Target Market Statement), Click here (Fair Value Assessment)
Faith CombinedAvivaCo-ManufacturerClick here (Target Market Statement), Click here (Fair Value Assessment)
Legal Expenses (Landlord)ARCDistributorClick here
Legal Expenses (Commercial)ARCDistributorClick here
Legal ExpensesMarkelDistributorAwaiting Details
Legal ExpensesARAGDistributorClick here
Let ResidentialAXADistributorClick here, please note that this product is not available to new and renewal business
LiabilityAxisDistributorClick here
Management LiabilityAXADistributorClick here
Motor Trade Combined
Travelers
DistributorClick here
Motor TradeAllianzDistributorClick here
Office & SurgeriesAXADistributorClick here
PA (Clubguard)AvivaDistributorClick here, please refer to the Manufacturers' Accident and Health product
Property OwnersAXADistributorClick here
Property OwnersERGODistributorClick here (Target Market Statement), Click here (Fair Value Assessment)
Recruitment CombinedAvivaDistributorClick here, please refer to the Manufacturers' Commercial Combined product
Recruitment CombinedTravelersCo-ManufacturerClick here
Recruitment CombinedMS AmlinDistributorAwaiting Details
ShopAXADistributorClick here


Where can I find the relevant Target Market Statements?

Specific details are provided by the product manufacturer and can be found by clicking the relevant link in the table above. The table will be updated when specific details have been provided to us.


What happens if the manufacturer identifies that a particular product does not provide Fair Value to customers?

In conjunction with insurers will take appropriate action to stop any further harm from occurring and inform all our impacted distribution partners and customers about the remedial action being taken. This could include, but is not limited to:

• Amending distribution arrangements
• Amending remuneration structures
• Adapting, or withdrawing the product


What information could Q or the product manufacturer request from brokers?

On an annual basis we'll be requesting data from our brokers to allow us to assess if the arrangements in place remain appropriate and represent value for the customer. As a minimum, the information we'll require to carry out our assessments in accordance with the FCA's PROD rules.


Can you send me a copy of the manufacturers value assessment?

Each assessment will include commercially sensitive information so these will not be provided. If we or our insurer partners do not believe a product offers Fair Value, you will be informed.


Who can I speak to for more information?

This page should provide you with the information that you need. If you have any further questions please contact us at PROD@Qunderwriting.com.

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