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 contact@agvesto.com.
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 |