Your path to independent success in insurance broking

Establishing your brokerage can be a complex task, especially when dealing with financial regulations and the evolving European landscape. Davies understands the challenges:

• Knowledge gap: Addressing the unfamiliar aspects of setting up and operating an insurance brokerage.
• Regulatory compliance: We simplify complex regulatory landscapes, tailoring solutions to meet jurisdiction-specific requirements. From establishing trading entities to ensuring compliance, our global expertise ensures seamless operations wherever you do business.
• International expansion: Overcoming potential obstacles in conducting business in the EEA.

Start-up
Davies Broking Services operates as an independent incubator platform, offering tailored solutions for new intermediaries. Our FCA-authorised intermediary with Lloyd’s accreditation provides a seamless entry point for brokers in the UK, leveraging regulatory permissions to simplify market access.

Business as usual
Once your brokerage is operational, Davies continues to provide comprehensive support through our managed services. We offer ongoing licensing oversight, compliance management, and access to a full suite of operational solutions. By handling these complexities, we enable you to focus on delivering value to your clients and scaling your business without distraction.

Our dedicated team of experts also delivers bespoke post-placement support, including technical premium and claims processing, fiduciary and technical accounting support, and claims management. These services enhance operational efficiency and streamline workflows, ensuring your business runs smoothly and compliantly.

Expansion
As your brokerage grows, Davies facilitates seamless expansion into new markets and territories. Through our Brussels platform, we offer a gateway to establishing licensing in the EEA, enabling your business to scale and capitalise on European opportunities. With our expertise in regulatory frameworks and operational management, we ensure your business remains compliant while exploring new avenues for growth.

Lloyd’s broker set-up
We specialise in obtaining Lloyd’s Broker status for UK and overseas brokers as well as providing full back-office support and functionality. Our solution includes compliance, transactional and fiduciary functions, as well as full system capability. We assist with:

• Creating a business plan to present to Lloyd’s
• Obtaining a Lloyd’s Broker number
• Compliance support
• Transactional processing (premiums, claims)
• Fiduciary accounting
• Client money reporting and reconciliation

Professional support services
Davies provides comprehensive capacity support and bespoke professional services tailored to the needs of entities involved in broking and delegated underwriting. We empower our clients to maintain the highest regulatory standards through structured oversight, robust resource allocation, and seamless operational processes.

Speed to market: Streamline the start-up process, ensuring efficient operations.

Cost-effective solutions: Our scalable outsourced model offers a more cost-effective alternative to in-house solutions while reducing management time and overheads.

Enhanced distribution: Capitalise on our EEA licensing capabilities and global networks for an extended market reach.

Specialist staff with unrivalled expertise: Leverage our specialists’ knowledge and experience of designing broking solutions that cater to your needs.

Global brand recognition: Benefit from our well-established brand and reputation in global insurance markets.

Strategic partnership: We’re more than a service provider; we act as your strategic partner, leveraging our expertise and tailored solutions to align with your goals.

Business lifecycle support: From inception to expansion, we’re committed to supporting you at every stage.