Beazley Announces Partnership with Certua on Embedded Insurance
Certua is excited to announce its partnership with Beazley to provide embedded specialist insurance for small scheme and programme business. Specialist insurer Beazley will use Certua’s Embedded Insurance platform to enable small scheme opportunities to be underwritten in an efficient and cost-effective way, for both brokers and insureds.
The first product to go live in the UK with Certua is Beazley’s combined Medical Malpractice, Professional Indemnity and Public Liability product for small companies and individuals providing medical services. Plans are being developed to expand the range of products that Beazley will offer via Certua’s platform.
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 maximises 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 small scheme and programme business that has become increasingly difficult to underwrite profitably.”
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 small scheme and programme healthcare business”.
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