Broker Direct Plc

Overview
Broker Direct Plc (BD) is an insurance management services and underwriting agency offering product development, distribution, underwriting analysis, premium administration, full claims handling facilities and sophisticated management information. BD has an agency base of approximately 1000 brokers with over 1500 locations, over 700 of which are shareholders in the Company. BD started with Private Motor insurance but has developed into Light Commercial Vehicle, Household and now has a growing number of Commercial Insurance Products. All business lines are transacted electronically. The Company also offers its services "unbundled", distributing other insurers' product to its agents and operating beyond its agency base in various Third Party Administration arrangements. BD therefore currently competes in the market place in the following ways: * Development, distribution and control of BD's own products for which external capacity is provided by insurers * Distribution of other Insurers or Underwriting Agencies' products where underwriting and pricing are the responsibility of the insurer or underwriting agency. These are either badged as BD products or retain the insurers product identity. * Third Party Administration arrangements for distribution into an insurer's chosen agencies.