Product Governance
Hazardous Goods & Environmental
Target market statements will help you understand who each product is intended for, and who it’s not suitable for, based on our analysis. Our teams have created clear and concise fair value assessments for each of the Pen Underwriting products, so you can see our assessment of the value for your clients.
Please be aware that our target market statements (TMS) and fair value assessments (FVA) are intended to be used by insurance brokers, and are not meant to be shared with policyholders.
If you can’t see a target market statement or fair value assessment, or if any detail is unclear, you are required to notify us. Please get in touch at agency.uk@penunderwriting.com.
2025/26
Pen TMS Motor Republic of Ireland 2025
Pen TMS_FVA (Hazardous Goods and Environmental) Envirodrain 2025
Pen Underwriting Distributed Motor Fleet TMS_April 2025
2024/25
Pen Underwriting Commercial Combined Hazardous Goods Industries FVA 112024
Pen Underwriting Hazardous Goods Environmental commercial combined UK TMS 112024
Pen Underwriting Distributed Motor Legal Expenses TMS 11.2024
