AGVESTO'S COMPENSATION/PRICING
How does Agvesto get paid for the insurance coverages you arrange for me?
The Insurance provider will pay us a flat fee for every policy which is bought via Agvesto Limited.
Our commission will be disclosed as a % which will be provided in a durable medium to each customer pre-policy. You can request for our commission details by writing to [email protected].
Illustration of Parametric Policy, Premium and Commission earned by us is given below.
Example 1: Crop
|
Sum Insured (The total amount for which coverage is requested) |
£500,000 |
|
Perils requested |
Drought (single named peril) |
|
Premium rate |
3% |
|
Premium to be paid in (£) @ 3% of £500,000 |
£15,000 |
|
Commission earned by Agvesto (a fee agreed with insurance company usually in a % of premium) @15% |
£2,250 |
Example 2: Crop
|
Sum Insured (The total amount for which coverage is requested) |
£10,000,000 |
|
Perils requested |
Drought, Heatwave, Flood, Wind (Multiple named perils) |
|
Premium rate |
8.5% |
|
Premium to be paid in (£) @ 8.5% of £10,000,000 |
£850,000 |
|
Commission earned by Agvesto (a fee agreed with insurance company usually in a % of premium) @10% |
£85,000 |
Example 3: Livestock
|
Sum Insured (The total amount for which coverage is requested) |
£300,000 |
|
Perils requested |
Animal heat stress |
|
Premium rate |
2% |
|
Premium to be paid in (£) @ 2% of £300,000 |
£6,000 |
|
Commission earned by Agvesto (a fee agreed with insurance company usually in a % of premium) @10% |
£600 |