NIG Network

NIG Network: "One NIG
NIG is striving to raise its game and become a major player in the constantly moving insurance market. Following a recent review we have identified that clear benefits and improved efficiency can be achieved by creating a new business model which will see the integration of our Personal and Commercial Lines businesses.
The move is part of a high-level restructuring of the business designed to improve service, maximise commercial opportunities and invest in the future. As part of our plans we will be developing a centre of excellence for underwriting, product and pricing, as well as seeking to allow NIG to further improve its broker relationships and support continued growth. The new structure is being referred to as �One NIG�.
We plan to provide an enhanced broker-focused local service through the creation of a range of competitive products and a broader underwriting footprint, as well as delivering a suite of auto-rated products electronically.
Charles Crawford, Managing Director, explained the rationale behind the changes; �This re-engineering will allow NIG to reach it fullest potential for both growth and service standards. It will also increase business efficiency, thus passing on benefits to brokers and policyholders.�
We are also planning a greater emphasis on e-trading to bring new and innovative products to market faster. Particular attention will be paid to increasing electronic distribution of small commercial business and the delivery of a range of auto-rated products.
The reorganisation is now well underway and the process is due to conclude in early 2006. During this period our brokers and policyholders will continue to receive our usual high standards of service. We are briefing the trade press today on our restructure plans and will continue to provide you with updates on the restru"