SPB Italy Illiad
| Workstream / Actions | Comment | Responsibility | CHECK |
|---|---|---|---|
| Acceptance | |||
| Intro call | |||
| Actuarial analysis | Thibault | ||
| Distribution scheme | 80% stores/20% online | ||
| Licence check | Financial lines class 16 | ||
| setup ( master policy, clip ,Insurance) | CLIP / Master policy | ||
| Compliance check | Axeria should refrain from CLIP whenever insurance is possible | Cedric | |
| Taxes scheme | Paid in italy by consumers. | ||
| Commissions Level | Offer 45% | ||
| Limits | affinity | ||
| Reinsurance need | Approached HRW | ||
| Volumes | <10m€ | ||
| DUA ? | Not DUA | ||
| Due dilligence | SPB france is a new partner , triage is needed | Cedric | |
| ORSA | <15m€ | ||
| Arch referral ? | no, <10m€ | ||
| UW Memo / Pricing memo | internal Pricing memo | ||
| Deadline | 05.11.2025 |
- Submission to HRE
- Review HRe benchmark
- Thibaut to come up with a proposal
- NBI submitted
- Binding offer submitted 14.11.2025
07.11.2025
Feedback from the offer.
Common practice In italy
- Garantie commerciale, 2a fournie par Illiad.
- Pour illiad il serait évident, contrat servicel.
- Prime net % for the insurer, honoraires pour SPB.
- Mechanism words to be changed.
- 2a profit sharing.
- Free souhaite la facilité du parcours de vente en serviciel.
- Loss of premium tax in taxes.
30.10.2025 Call with SPB italy
CEO Mathieu Sebastien
Head of finance,
AleHead of transformation:
Head of risk
Each entitiy has the fill set of options.
Illiad Free is already customer in France.
Illiad covers devices that are sold by free. a similar program is going to start with free in the coming compths.
Through the French program and the links to some people people in the group
relationship started with italy ( which doesn’t have a store)
provide coverage to customers to protect existing devices.
how do we check which device is insured.
Illiad wants a service model ( simpler ), easier service model
Bolltech is close the Iliad group , who has been pitching.
Level of commissions: 50% fixed commission to Iliad
Attachment rate:
Volume: 12m customers in Italy, 10% new customers every year.
- Profit sharing mechanism.
- Provide the IMEI of the phone and register.
- verification of the condition of the phone,.