Beazley & Certua Team Up On Small Programme And Scheme Business
Beazley & Certua Team Up On Small Programme And Scheme Business
To provide embedded specialist insurance for small scheme and program firms, specialist insurer Beazley has partnered with Certua.
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As part of the agreement, Beazley will leverage Certua’s Embedded Insurance platform to make it possible for brokers and insureds to underwrite small scheme prospects quickly and affordably.
Beazley’s combined Medical Malpractice, Professional Indemnity, and Public Liability product for small businesses and people providing medical services is the first program to go live in the UK with Certua.
Additionally, further plans are currently being developed to expand the range of products that Beazley will offer through Certua’s platform.
Beazley & Certua Team Up On Small Programme And Scheme Business
Tom Williams, CEO, Certua said: “Certua’s Embedded Insurance platform is designed to handle full cycle underwriting risk assessment and product administration, as well as provide a bespoke interface for scheme business. Our tailored platform maximizes the benefits of technology for all parties in the placing chain, enabling a tailored user experience, reducing operational overheads, streamlining processing, and increasing profitability for the small scheme and program business that has become increasingly difficult to underwrite profitably.”
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Nick Pearce, Focus Group Leader, International Specialty Programmes – Healthcare at Beazley, commented: “We are excited by this partnership, which will enable us to better support our brokers in finding a solution for the small scheme and program healthcare business”.
Meanwhile, it was recently announced that Beazley had launched the AcuteCare form, a flexible policy specifically for US hospitals.
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