Product Governance
Household
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.
Where our product relates to property owners of residential properties, these can be found with our Property Owners TMS and FVA.
2025/26
Pen TMS_FVA Home Insurance 2025
Pen TMS_FVA Your Home (Evolve – IHP)
2024/25
Pen Underwriting Beach Huts FVA 122024
Pen Underwriting Beach Huts TMS 112024
Pen Underwriting Caravan Static Caravan Park Homes FVA 122024
Pen Underwriting Caravan Static Park Home TMS 112024
Pen Underwriting Caravan Touring TMS 112024
Pen Underwriting Caravans Tourers FVA 122024
Pen Underwriting Holiday Home Second Home Evolve TMS 112024
Pen Underwriting Unoccupied Home Evolve IHP TMS 112024
Pen Underwriting Holiday Home Delegated Authority TMS 112024
Pen Underwriting holiday homes FVA 112024
Pen Underwriting Home Insurance Mid Net Worth TMS 112024
Pen Underwriting Mid Net Worth FVA 122024
Pen Underwriting Non Standard Home FVA 112024
Pen Underwriting Residential Unoccupied TMS 112024
Pen Underwriting Unoccupied Homes FVA 122024
Pen Underwriting Unoccupied Homes TMS 112024
Pen Underwriting Distributed Family Legal Protection FVA 11.2024
Pen Underwriting Distributed Home Emergency FVA 11.2024
Pen Underwriting Distributed Landlord Legal Expenses FVA 11.2024
