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 Name Insurer Our Role Target Market Statement and Fair Value Assessment Available?
Combined Liability Covea Co-Manufacturer Click here
Contractors Combined Covea Co-Manufacturer Click here
Excess Liability Combined Zurich Distributor Click here, please refer to the Manufacturers' Casualty product
Land & Property Owners Liability Covea Co-Manufacturer Click here
Tradesman & Professionals Package Covea Co-Manufacturer Click here


Who is the Product Manufacturer for Motor?

Product Name Insurer Our Role Target Market Statement and Fair Value Assessment Available? 
Courier AXA Distributor Click here
Day Driver Aviva Distributor Click here, please refer to the Manufacturers' Minifleet product
Executive Single Aviva Distributor Click here, please refer to the Manufacturers' Minifleet product
Legal Expenses (Motor) ARC Distributor Click here
Motor Trade (Road Risks)
Aviva Distributor Click here, please refer to the Manufacturers' Motor Trade product
RAC Breakdown RAC Distributor Click here
Taxi Fleet Aviva Distributor Click here, please refer to the Manufacturers' Fleet (>15 vehs) or Minifleet (<15 vehs) product
Taxi Liability Aviva Distributor Click here, please refer to the Manufacturers' Commercial Combined product
Taxi Single Aviva Distributor Click here, please refer to the Manufacturers' Minifleet product
Truck Mini Fleet Aviva Distributor Click here, please refer to the Manufacturers' Minifleet product


Who is the Product Manufacturer for Property & Package?

Product Name Insurer Our Role Target Market Statement and Fair Value Assessment Available?
Blocks of Flats AXA Distributor Click here
Charity Combined Aviva Co-Manufacturer Click here (Target Market Statement), Click here (Fair Value Assessment)
Clubguard AXA Distributor Click here
Combined Travelers Co-Manufacturer Click here (Target Market Statement), Click here (Fair Value Assessment)
Combined Liability (EL, PL & Prod) Newline Distributor Click here (Target Market Statement), Click here (Fair Value Assessment)
Commercial Combined AXA Distributor Click here
Commercial Loss Recovery Lorega Distributor Click here (Target Market Statement), Click here (Fair Value Assessment)
Cyber Beazley Distributor Click here
Machinery & Computer Breakdown Aviva Co-Manufacturer Click here (Target Market Statement), Click here (Fair Value Assessment)
Faith Combined Aviva Co-Manufacturer Click here (Target Market Statement), Click here (Fair Value Assessment)
Legal Expenses (Landlord) ARC Distributor Click here
Legal Expenses (Commercial) ARC Distributor Click here
Legal Expenses Markel Distributor Awaiting Details
Legal Expenses ARAG Distributor Click here
Let Residential AXA Distributor Click here
Liability Axis Distributor Click here
Management Liability AXA Distributor Click here
Motor Trade Allianz Distributor Click here
Office AXA Distributor Click here
PA (Clubguard) Aviva Distributor Click here, please refer to the Manufacturers' Accident and Health product
Property Owners AXA Distributor Click here
Property Owners ERGO Distributor Click here (Target Market Statement), Click here (Fair Value Assessment)
Recruitment Combined Aviva Distributor Click here, please refer to the Manufacturers' Commercial Combined product
Recruitment Combined Travelers Co-Manufacturer Click here (Target Market Statement), Click here (Fair Value Assessment)
Recruitment Combined MS Amlin Distributor Awaiting Details
Shop AXA Distributor Click 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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