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Affinity / Bespoke Products

In a highly competitive consumer environment Prospect can assist with innovative new ways to increase sales and client retention.  As well as being able to offer bespoke products such as collateral protection insurance for lending institutions, we also have access to an established range of affinity products.  Products can be aimed at many different industries and sectors including:

  • Finance

  • Motor

  • Retail

  • Associations

  • Sports Clubs

  • Mobile Phone Companies

  • Insurance Companies

  • Marketing Companies

  • Loyalty Schemes

  • Travel Companies

As well as offering bespoke products we also have an established range of Affinity coverages that we can offer:

Motor (Dealerships, body shops etc) – GAP Cover, Loss/Collision Damage Waiver and XS Buydown.

Enhancement/Finance (Credit cards, bank accounts, associations etc)– Purchase Protection, Payment Card Protection, Extended Warranty, Ticket insurance, Identity Theft, Cash Point Robbery, Liability Waiver, Trip Cancellation, Unemployment, Mortgage Fraud and Travel and Health Benefits.

Affinity (Retailers, Mobile Phone Companies etc) – Mobile Phone, Laptop, Gadget, Extended Breakdown, Point of Sale, Assistance Cover and Just Driv

Prospect Case Study

We were approached by a new prepaid card provider with the idea of giving their customers insurance benefits. Their aim was to keep existing cardholders and offer incentives to new individuals/companies to buy their product:

  • We initially met and discussed the relevant products that would be appropriate after analysing their customer profile.

  • After selecting the appropriate products we approached our specialist underwriters and negotiated the best coverage and premium cost.

  • We assisted the client with promotion, marketing and compliance.

  • The program went live two months after our first meeting to 5,000 existing cardholders.

  • The offered insurance has helped steadily increase the card’s circulation and usage.

Contact: George Webb (gwebb@prospectbrokers.com)