With effect from May 1st, 2026, Sabre will be removing the ’30-day quote guarantee’ for New Business quotations. The premium quoted on the date of issue will be guaranteed to remain valid until 11:59 pm on that same day, subject to all updates and supplements being successfully applied to the system preparing the quotation.
This will bring us in line with pricing practices that have been common in the insurance industry for several years.
Please note that renewal quotations, will remain guaranteed for the duration of the renewal period, subject to no changes being made to the risk data between invitation and acceptance.
Examples –
New Business
Removing the guarantee means that the premiums for pure new business will no longer have a guarantee if the premium changes between the time when the quote is given and the time the policy is incepted even if there is no change to data
- Scenario 1
You quote new business on 01/05/2026, and the client accepts the quote on the same day.
The premium is guaranteed, provided the risk details have not changed. - Scenario 2
You quote new business on 01/05/2026 with an effective date of 14/05/2026.
The client accepts on 07/05/2026 with the same effective date.
The premium was only guaranteed until 23:59 on 01/05/2026, so the risk may requote at acceptance, even if the risk details are unchanged.
Renewals
- Renewals invited by Sabre
The premium remains guaranteed throughout the renewal period, as long as the risk details have not changed. - Renewal to broker / new business to Sabre
When you are requoting across your insurer panel, we will guarantee the premium for the full renewal period, again subject to no changes to the risk details.