UAE DEAL

Fee Structure

GWP: 100 %

GENRIC admin fee (TPA):

15 %

Broker comm/Referral fee: 20 %

State Comm: 2.5 %

Fronting Fee (Orient): 6 %

Distribution channel

(Bundled deals)

Client

Purchase product from distributor

Distributor pays over 100% GWP over to Orient

UAE DEALS

Claims fee: 10 %

Net Premium: 46.5 %

Allied: 50 %

GENRIC: 50 %

MCC UAE: 100 %

Orient

2.5 % State comm

6 % Fronting fee

Allied

Marketing & Broker comm: 20 %

GENRIC (TPA Fee and Reinsurance

Role Players

Allied: Reinsurer

GENRIC: TPA fulfillment & Retroceding Reinsurance

Orient: Local licensed partner

MCC UAE: IP Partner

Movement of Funds

Orient receive 100 % GWP

Orient pays over 93.4 % of premium to Allied

Allied

Deduct: 0.6 % and 6 % Fronting

Deduct: Broker comm (20 % and 2.5 %)

Pay over 15 % TPA to GENRIC

Actual Claims reserve

Net Premium

Profit /Risk split

Allied: 50 % of Net premium

GENRIC: 50 % of Net premium

MCC UAE: 100 %