Brokers will be able to adjust commission to between 0% and 35%
AXA Commercial Lines and Personal Intermediary has introduced commission flexibility to its e-traded Simple product range following a successful pilot of the feature on the insurer’s landlord cover.
Brokers will now have the option available on tradesmen and professionals, retailers and offices and surgeries products.
The default commission rates will continue to apply for all products, but brokers will now be able to change this amount to between 0% and 35% for new business and at renewal.
Commercial Intermediary managing director Jon Walker said: “At the heart of the Simple proposition is a commitment on AXA’s part to make it easy for brokers to do business with us and the application of commission flexibility to even more products is another articulation of that commitment.
“But this is just one of many exciting enhancements we have planned for the next six months including new products, features and capabilities being added to our e-trade proposition. This is an absolutely crucial and growing channel for us and we must continue to develop our offering in this space if we are to maintain our lead.”
AXA will be launching two new products through its Simple e-trading platform in Q1 2015, and in Q2 will launch integrated data enrichment for all of its products.