Product Governance

Target market statements will help you understand who each product is intended for, and who it’s not suitable for, based on our analysis. Our teams have created clear and concise fair value assessments for each of the Pen Underwriting products, so you can see our assessment of the value for your clients.

Please be aware that our target market statements (TMS) and fair value assessments (FVA) are intended to be used by insurance brokers, and are not meant to be shared with policyholders.

If you can’t see a target market statement or fair value assessment, or if any detail is unclear, you are required to notify us.  Please get in touch at agency.uk@penunderwriting.com.

Pen Underwriting Commercial Combined Hazardous Goods Industries FVA 112024

Pen Underwriting Environmental Drainage and Jetting FVA 112024

Pen Underwriting Hazardous Goods Environmental commercial combined UK TMS 112024

Pen Underwriting Hazardous Goods Environmental fleet motor Republic of Ireland TMS 112024

Pen Underwriting Hazardous Goods Environmental fleet motor UK TMS 112024

Pen Underwriting Hazardous Goods Environmental envirodrain TMS 112024

Pen Underwriting Distributed Motor Legal Expenses TMS 11.2024