Minifleet Flexibility – Commission and Premium changes
With increasing pressure on pricing in the Commercial Motor market we are making changes to the commission and premium flexibility functions on our Minifleet product.
From 26 March 2017, you will still be able to flex both the commission and premium for a risk but there will now be a direct relationship between the levels selected with a maximum combined value of 20%.
For example if you select 10% commission you will be able to apply up to the maximum 10% premium flexibility, similarly if you select 11% commission you will be able to apply up to 9% premium flexibility, and so on, up to 20% commission where you would not be able to apply any premium flexibility (if commission selected is below 10% the maximum premium flexibility available is still 10%).
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