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 Beach Huts 2025
Pen TMS_FVA Caravans (Static-Park Home) 2025
Pen TMS_FVA Home Insurance 2025
Pen TMS_FVA Holiday Home (Delegated Authority) 2025
Pen TMS_FVA Holiday Home-Second Home (Evolve-IHP) 2025
Pen TMS_FVA Mid Net Worth 2025
Pen TMS_FVA Unoccupied (Evolve – IHP) 2025
Pen TMS_FVA Your Home (Evolve – IHP)
Pen Underwriting Distributed Family Legal Protection FVA August 2025
Pen Underwriting Distributed Home Emergency FVA August 2025
Pen Underwriting Distributed Landlord Legal Expenses August 2025
Pen Underwriting Distributed Holiday Home August 2025
2024/25
Pen Underwriting Unoccupied Homes FVA 122024
Pen Underwriting Unoccupied Homes TMS 112024
