Beazley partnering with Certua
Specialist insurer will use the embedded insurance platform to power small businesses and individuals providing medical services
Beazley has announced its partnership with Certua, which offers a bespoke online placing platform to small programme and scheme businesses. The first scheme that will go live is for a combined Medical Malpractice, Professional Indemnity and Public Liability insurance product for small businesses and individuals providing medical services.
The embedded insurance platform from Certua will enable small scheme opportunities to be underwritten in an efficient and cost-effective way for brokers and insureds.
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.”
Plans are being developed to increase the range of products that Beazley will offer from Certua’s platform.
Technological innovations in the insurance industry are changing the sector for the insurers and their customers, as discussed in the October issue of ITIJ.