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.

Where our product relates to property owners of residential properties, these can be found with our Property Owners TMS and FVA.

Pen Underwriting Beach Huts FVA 122024

Pen Underwriting Beach Huts TMS 112024

Pen Underwriting Caravan Static Caravan Park Homes FVA 122024

Pen Underwriting Caravan Static Park Home TMS 112024

Pen Underwriting Caravan Touring TMS 112024

Pen Underwriting Caravans Tourers FVA 122024

Pen Underwriting Holiday Home Second Home Evolve TMS 112024

Pen Underwriting Unoccupied Home Evolve IHP TMS 112024

Pen Underwriting Your Home Evolve IHP TMS 112024

Pen Underwriting Holiday Home Delegated Authority TMS 112024

Pen Underwriting holiday homes FVA 112024