Introducing Forces Solutions
- 08 Jun 2018
- 2503 Views views
Forces Solutions the new name for “Forces Motor”.
As the name suggests Forces Solutions has been created to provide a solution to a problem faced by serving personnel.
Most Insurers have written into the policy wording exclusions which do not provide cover where there is an airside or quayside. Also, with most insurers now going down the credit checking route. Those who reside in shared accommodation such a barracks is unable to score highly as a result face higher premiums.
Deployment for operations or exercise is a common feat for those who serve, usually you have no option but to either pay for Insurance whilst your vehicle is parked up or cancel the policy, SORN the vehicle and have no cover, this is sometimes not an option if your car is on finance.
April 2016 saw the merger of two of the largest brokers within the Forces Market to merge into one, both of the brokers has their own footprint. This merger resulted in some of the choices eliminated from the market.
One of the brands in question was deemed the market leader in the provision of Motor Insurance saw its operation migrated without any of the specialist staff retained.
Forces Solutions was set up to not only to provide some much-needed choice but also to provide a greater footprint.
Forces Solutions headed up by Sandip Barchha (ex Head of sales Forces Insurance Ltd) and his team are ready to address the many problems faced by Service personnel by providing a unique solution which meets the requirements of those serving both in the UK & Overseas.
Sandip said “To succeed in any niche market the strength of the proposition is to understand the needs of the customers and build products which meet those needs, having serviced Forces personnel for over 10 years, I can confidently say I have a good understanding of this need and position myself to address these needs and help build products around the needs. ”
To demonstrate commitment to the Forces, Forces Solutions applied and was granted membership to SIIAP (Services Insurance & Investment Advisory panel which demonstrates we have the necessary qualifications and experience to sit on such a panel.
Secondly, we signed the Armed Forces Covenant where we made the pledge to support the Forces and design products which are fit for purpose whilst making the additional pledge only to work with Forces Friendly suppliers to ensure they understand the unique requirements and will assist in allowing provisions which will help meet these requirements.
Sandip said “To gain membership to SIIAP and to sign the AFC were both proud moments, if you want to be recognised as a Forces specialist you have to be on the SIIAP panel as for the AFC, we take this pledge very seriously and will do our upmost to ensure we deliver on this pledge”
Even though Forces Solutions has been operating for almost a year, a significant development occurred 1st March when Forces Solutions was acquired by Movo Holdings Limited. Movo who have operations in the south west and south Wales have acquired FSL to be able to elevate the proposition to the next stage. Movo will be on hand to provide valuable operational and management support to Sandip and the team including help move FSL into the digital space allowing customers to be reached fare and wide and 24/7.
Sandip said “We have been looking for a partner for some time to help us out, we recognised Movo as a good fit due to the fact not only are they supporters of the Forces proposition but also given their experience in dealing with niche markets via other affinities within the Movo Holdings Ltd portfolio, we are really excited about this and already we are seeing signs of process improvement.
The Network Director, Lea Cheesebrough commented: – “We are very excited about working with the Forces team and see this as a real opportunity to help and protect customers which we wouldn’t have previously had access to. We understand the challenges faced by those who serve and make the ultimate sacrifice, we can see what Forces Solutions wants to achieve and with our support we can help achieve such ambitions.
The Forces Solutions proposition is mainly based around motor, however will be looking at adding other products.
Forces Solutions are in a very unique place as the UK’s only motor broker who will offer Forces policies without any military exclusions along with Forces benefits such as Free Business cover and laid up cover at no extra charge and will cater for those based in the UK (Inc NI), British Forces Germany (BFG) and SHAPE for both new and existing customers.Back to all
- 2503 Views views