Schemes
When traditional insurance stops working for your industry, it’s time to build something better.
We help organisations and sectors create their own schemes from initial concept through to full launch and management.
Whether it’s a Professional Indemnity scheme for architects or a sector-led solution for hospitality, we design tailored, long-term alternatives to the broken status quo.
Where we come in
You might be:
- Part of a sector facing rising premiums and shrinking cover
- A trade group or association looking to support your members
- An established business exploring options beyond the open market
- A group of firms with a shared risk profile and common needs
Whatever the shape of your group, we help you bring it together and turn shared problems into a collective solution.
What we offer
- Feasibility studies and viability assessments
- Scheme design and modelling
- Stakeholder engagement and member communications
- Underwriting guidance and documentation
- Launch support and operational setup
- Ongoing marketing and scheme management
Why it matters
The right scheme improves outcomes for everyone involved.
Schemes can:
- Offer fairer pricing based on actual risk data
- Improve claims handling and member satisfaction
- Reinforce sector standards and best practice
- Give participants more say in how their cover is structured and run
And when designed well, they lay the foundation for more advanced structures like captives and mutuals.
Prospect helped us design a model that actually worked for our sector and supported us through every stage.
Who we work with
We support:
- Trade groups and associations
- Working groups or consortiums
- Established businesses with shared interests
- Sector bodies and professional networks
Architects Insurance Scheme
A PI scheme for mid-sized architecture practices
diamond transmission partners
Protecting local community pubs through mutual ownership
Vintners’ Federation of Ireland Insurance Scheme
Protecting local community pubs through mutual ownership
Ocean Energy Accelerator
A Captive which will support tidal energy generators
Not sure if you’re ready?
You don’t need all the answers to start.
If you have a group, a common risk, or a shared challenge, we can help you explore whether a scheme is viable and worth pursuing.
