Beazley eyes embedded insurance with latest partnership
Specialist insurer Beazley is to use Certua’s embedded insurance platform to power small scheme and programme opportunities.
The first product to go live in the UK with Certua will be Beazley’s combined medical malpractice, professional indemnity and public liability product for small companies and individuals providing medical services.
Beazley said it plans to expand the range of products that it will offer via Certua’s platform.
“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,” said Nick Pearce, Focus Group leader, international specialty programmes – healthcare at Beazley.
Tom Williams, CEO of 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.”
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