PolicyFast
PolicyFast is an underwriting portal provided by Jensten. This is your one stop shop for the quickest and easiest Non standard policies. It is recommended that you refer your quote through the ‘PF’ portal on every quote you do.
There are two ways to get a quote from Policyfast:
1) Visit this link - https://www.policyfast.co.uk/broker/login/?d=broker
Once logged in, select the vehicle type you wish to quote. Simply fill out the quote form ensuring all details match up to what is saved on CDL.
After you have filled the form in PolicyFast will either quote or decline.
If you want to sell the price provided by Policyfast, first save an XX rate on CDL, and then use P03 to manually amend the price and excess to match up with the rate provided.
Once pitched, if your customer wishes to go ahead, set the policy live on the underwriting portal, and send the policy number, CDL reference and payment details to Cam, Josh or Ryan for them to set it live on CDL
2) The VCIL app has the ability to ‘Request a robot quote’
This makes things very easy, simply right click the VCIL app logo in the bottom right of your screen and select ‘Request robot quote’
You will then be prompted to enter a CDL reference, this must include the branch and line number, once entered press ‘Van Quote’ for any COOG quotes, and ‘Courier Quote’ for any couriers.
This will then automate the process for you, and within 5 minutes you should receive and email with the price being offered by Policy Fast.
- If the email you receive returns a price as ‘Failure’ you should then try and run the quote manually, following the 1) process.
- If the email you receive returns ‘We are unable to provide a quotation for this risk’ then simply move on, PolicyFast will not always have a market for every risk.
- If the rate returned is a price you want to sell, login to the portal and double check the quote details, the robot may miss off claims, convictions and named driver occupations. It is vitally important that you are double checking the details entered to prevent issues with the policy down the line.
Once happy with the price and policy details, save your XX rate, p03 the price and excess. Then once sold to your customer, set the policy live on the Policyfast portal, and send the policy number, CDL reference and find webby details over to Cam, Josh or Ryan.
Useful info:
- PolicyFast is very competitive when you have NIG or Ageas quoting on CDL
- Much like Sabre, policyfast will rate on modifications entered on their portal, so there is no need to call to refer your rate with modifications
- Criminal convictions must always be referred to the underwriter directly, contact details for the underwriter quoting will be on the pricing page of the PolicyFast portal.
- PolicyFast prices come with 10% comms built in, this means you have the ability to discount their rate more, or make higher earns than usual policies.