Brokerage service

Acting as a broker between the institutional client and the insurance companies, we are able to find standard solutions on the market or to create customised proposals, satisfying the most complex needs.
FARAD, through the insurance brokerage service, supports the client from the analysis phase, accompanying him during the entire life cycle of the contract.
The brokerage service can be provided in different ways, based on the availability of an internal departmental structure of our partner: we can either act directly via our network of sub brokers or through co-brokerage agreements.

FARAD’s insurance brokerage service includes the following phases:

1. Pre-contractual phase:
Meeting with the client in order to understand his specific needs and collect pertinent information
Product comparison and study considering the regulatory and fiscal aspects of the various legal systems always according to the client’s needs
Sending of at least three quotations to the client
2. Signature phase:
Presentation of the possible insurance solutions
Production of a motivated opinion and, if the client is interested, signature of the insurance proposal
Management of documents
3. Post-contractual phase
Administrative management of the contract on a daily basis: supplementary payment/assessments/settlement/redemption/transfer of the contract, etc.
Management and communication of contractual and legal modifications as well as consultancy on possible amendments to the contract
Check up of the existing insurance contract in order to increase / change the insurance coverage