TFP Schemes

What TFP Schemes does

TFP Schemes, now trading as QUnderwriting (Q Underwriting Services Limited), is a UK-based Managing General Agent (MGA) operating under delegated underwriting authority from A-rated capacity provider Aviva. The firm specializes in niche commercial motor insurance, with heritage products spanning Motor Trade Combined, Motor Trade Road Risks, Taxi & Executive, Taxi Fleet, Truck Mini Fleet, and Taxi & Executive Liability. These products are distributed to UK motor trade operators, taxi and executive hire firms, and small commercial fleet owners through the firm's Qtrade broker platform. The company is FCA-regulated, headquartered at its registered office in Retford, Nottinghamshire, with operational footprint referenced in Cardiff, and operates with a headcount in the 11-50 range.

The business generates revenue primarily through underwriting commission on premiums bound under delegated authority from Aviva. Brokers access the firm via the Qtrade platform and place risks within agreed appetites, with TFP Schemes handling pricing, binding, and policy administration while Aviva assumes the underwriting risk. In 2025, the firm executed a strategic repositioning: it rebranded to QUnderwriting, added Fidelis Insurance as a second capacity partner (announced 19 November 2025), and extended its product portfolio beyond motor into Casualty & Construction, Financial Lines, Real Estate, and Specialist Combined lines, repositioning itself as a broader specialty MGA rather than a single-segment motor underwriter.

Name

TFP Schemes

Legal name

Q Underwriting Services Limited

Website

https://tfpschemes.co.uk

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

TFP Schemes, now QUnderwriting, is a UK specialty MGA underwriting niche commercial motor (motor trade, taxi, mini-fleet) under delegated authority from Aviva, distributed via the Qtrade broker platform and recently expanded into broader specialty lines.

Ownership category

akta.pro rank

Product category

Specialty Commercial Insurance Underwriting

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

Keywords

• Specialist motor insurance
• Commercial vehicle insurance
• Delegated underwriting authority
• Taxi fleet insurance
• Motor trade insurance

Headquarters

HQ city

Cardiff

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Insurance Underwriting Commission: The company operates as a delegated underwriting authority earning commission from insurers by underwriting insurance products on their behalf. Products include motor trade, taxi fleet, and commercial motor insurance.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

TFP Schemes (trading as QUnderwriting) operates as a delegated underwriting authority writing specialist commercial insurance policies on behalf of A-rated insurers such as Aviva. Its core offering focuses on niche commercial motor insurance — motor trade, taxi fleets, truck mini fleets and chauffeur/executive vehicles — alongside casualty, financial lines, real estate, and specialist combined products. Policies are sold and administered through insurance intermediaries using the proprietary QTrade trading platform.

Product overview

Q Underwriting (formerly TFP Schemes) is a specialist commercial insurance underwriting platform offering a diverse portfolio of insurance products across multiple lines of business. The core product portfolio includes Motor insurance products (Motor Trade Combined, Motor Trade Road Risks, Taxi & Executive, Taxi Fleet, Truck Mini Fleet, Taxi & Executive Liability), Casualty & Construction (Combined Liability, Contractors Combined, Excess Liability Combined, Land & Property Owners Liability, Tradesman & Professionals), Financial Lines (Management Liability, Professional Indemnity, Professional Indemnity Combined), Real Estate (Property Owners, Property Owners Non Standard, Terrorism), and Specialist Combined (Charity Combined, Faith Combined, Recruitment Combined). The company operates with delegated underwriting authority from A-rated insurers including Aviva, and provides its products through its Qtrade platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Trade Combined

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Fidelis InsurancecoreStrategic or Co-development Partner · 19 November 2025TFP Schemes has a partnership with Fidelis Insurance that impacts business mix. During Fidelis Insurance's Q3 2025 earnings call, analysts questioned management on the impact of the TFP partnership, with CEO Dan Burrows attributing performance to strong underwriting discipline. The partnership appears to involve reinsurance renewal outlook and verticalization trends in the specialty lines business.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Questgates: UK delegated authority administrator and underwriting services platform serving brokers across commercial lines. Comparable in operating model and broker-centric distribution.
• Mulsanne Insurance: UK commercial motor MGA focused on taxi, motor trade, and private-hire segments. Closest direct comparable to QUnderwriting's core motor book in terms of product mix, broker channel, and niche-segment specialization.
• Caburn Insurance Services: UK commercial motor underwriting agency serving taxi, courier, and fleet operators. Operates on similar delegated-authority economics and serves overlapping broker customers.
• Atlanta Insurance Group: UK commercial motor MGA with niche-segment focus including motor trade and taxi. Comparable in product breadth and intermediated distribution.
• Geo Underwriting: UK MGA platform offering commercial underwriting across multiple specialty lines. Comparable in multi-product delegated authority model and broker distribution approach.
• Bollington: UK commercial insurance broker with specialist motor trade capabilities and broader commercial lines. Comparable in intermediated specialty commercial motor focus.

Broad incumbents

• Aston Scott: UK MGA platform with broader commercial lines underwriting across multiple specialty categories. Comparable delegated-authority model with wider product breadth than QUnderwriting.
• PIB Group: PE-backed UK insurance intermediary roll-up. QUnderwriting's Modern Slavery statement is hosted on PIB's domain, indicating group affiliation — the parent ecosystem provides context for capital, M&A, and capacity relationships.
• ERS (QBE): UK commercial motor specialist (originally ERS Insurance, now part of QBE). Comparable commercial motor underwriting focus but operates at materially larger scale and balance-sheet-backed capacity.

Others

• Aviva UK: A-rated capacity provider relationship and broader UK commercial insurance market context. Not a direct competitor but a critical counterparty whose decisions materially shape QUnderwriting's capacity and product economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TFP Schemes