Brokerage service

The brokerage services offered by FARAD include a qualified, independent insurance consultancy, in compliance with regulatory provisions. This approach is exclusively aimed at institutional clients (B2B2C) and in favour of UHNWIs (Ultra High Net Worth Individuals) through our open architecture platform.

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