If a request has resulted in a Quoted response, the broker may be presented with a “Premium Override” button under the Actions dropdown.

 

SCREENSHOT

 

This opens a pop-up which will allow the user to override the original premium that was returned by the insurer.

 

SCREENSHOT

 

The options present on the override form vary depending on which the selected insurer support, but they may include:

 

 

• Override Code - some insurers may supply the broker with a code allowing them to override the premium by a pre-agreed amount
• Override Premium Amount - a £ value by which to discount or load the premium
• Override Premium Percent - a percentage by which to discount or load the premium
• Override Commission Amount - a £ value by which to discount or load the commission amount
• Override Commission Percent - a £ value by which to discount or load the commission amount

 

Once the broker has entered the desired values and submitted the override to the insurer, the quote on Digital Trader will update to reflect the insurer’s response.

 

SCREENSHOT

 

If the broker wants to change the override amount again, they can re-open the Premium Override pop-up by clicking on the “Premium Override” button again.

 

When re-opened, the pop-up will display both the original premium returned by the insurer and the current premium as set by the most recent override.

 

SCREENSHOT

 

This feature is not supported by all insurers on Digital Trader.

 

Also note that premium adjustments are allowed by the insurer at their discretion, and that the limits of what they will offer will depend on each insurer’s agreements with each Broker Agency.