AGVESTO'S COMPENSATION/PRICING

How does Agvesto get paid for the insurance coverages you arrange for me?

Agvesto for its intermediation and brokerage services will get paid through the insurance provider.

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)

£500,000

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