Get to know OneAdvent

Scott Banks

Director – Modus Underwriting

Time at OneAdvent

6 months

Responsible for

Underwriting and distribution for Modus.

What's the best thing about your job?

I enjoy the variety and the challenges of the job; no one day is ever the same.

What makes OneAdvent different?

It is like working with your extended family, which has its pros and cons! We have arguments and disagreements, as with any family, but ultimately the openness and honesty allows us to work as a unit to drive the business forward.

Summarise your career history...

I originally started my insurance career with Royal Insurance more years ago than I care to remember, before moving onto Towergate in the late 90s. During my 12 years at Towergate I held the position of Managing Director for both the commercial property, and latterly, the personal lines divisions. I then joined Arthur J Gallagher, along with Simon, and a number of other colleagues, to set up and establish their e-underwriting MGA division that now forms part of Pen Underwriting. In late 2014, Simon and I decided to leave Gallagher to pursue our dream of creating a truly different MGA – a proposition entirely focused on delivering niche insurance products to brokers through an automated, tech-driven solution, effectively making complex non-standard insurance every bit as easy to transact as vanilla risks. We decided to call the business Modus, from modus operandi, to reflect our view that the insurance industry needs to leave expensive legacy processes in the past and utilise modern technology better, even for the more complex underwriting and service propositions.

How do you spend your spare time?

Sports, and in particular football. Unfortunately, due to a number of injuries in my past I am now an armchair fan rather than a participant of most sports! I do still enjoy a game of golf with friends.

What is your most unusual hobby?

I’m not sure how unusual it is but for a man of my age I do still enjoy playing games on my Playstation – just a big kid I suppose!

Most people don't know...

I played in an official football match in my late 20s, alongside both my younger brother and our Dad (who was over 50 at the time), which made the local press. Embarrassingly, for my brother and I, my Dad stole the show and scored the only goal of the game as we won 1 – 0. He still talks about it!