Compass is a leading independent underwriting agency that develops, underwrites and administers insurance schemes for start-up insurance businesses and new insurance ventures.
The Compass brand was created by a Lloyd's syndicate in 1986 and set itself up as a separate underwriting agency in 1992 and became incorporated in its present structure in April 1997. Wholly owned by the directors, Compass is chaired by Ortho Barnes who brings considerable expertise in the development of new businesses, underlining Compass' commitment to incubate start-ups in the insurance sector. Compass Underwriting is one of the UK's leading independent Accident and Health underwriting agencies working with a wide range of UK and European insurers including certain underwriters at Lloyd's.
Is to provide advice, insurer capacity, administration services, regulatory support and even financial investment for new company start-ups or those with established businesses which need to expand into new areas or opportunities.
We therefore specialise in white-labelling, product development, underwriting and overall administration of a wide range of insurance products on behalf of our insurers.
For customer facing sales we have developed, in partnership with F2X, a fully hosted and completely managed tool-kit that lets you create in-house a fulfilment system including quotes, policy issuance and premium collection services without the need for expensive programmers.
Compass then operates a sophisticated in-house CRM insurance system developed and maintained by Genasys Technologies that provided direct debit collection services, claims management and general accounting and bordereau reporting to insurers.
Compass operates in a fully virtual world with our data and VOIP phone systems managed by Microsoft in Ireland. We have business continuity plans in place that include external offices located outside the M25 and can be back up and running within 48 hours.
Our expertise is focused on UK and International Accident and Health together with specialised product markets including insurance (and in some cases reinsurance) for:
We also work in the UK retail run-off market able to provide administrative services including:
Compass is authorised and regulated by the Financial Conduct Authority under Firm Reference No. 304908 and is a member of the British Insurance Brokers Association, the Managing General Agents' Association and Protect.
Our Registered office is Brierly Place, New London Road, Chelmsford. Essex CM2 0AP and we are registered in England under no. 3332314.