Under the partnership, 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 scheme set 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.
Additionally, further plans are currently being developed to expand the range of products that Beazley will offer through 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”.
Read the full article: Reinsurance News
