Chubb launches SME solution in Europe

Insurer Chubb has launched a new solution for SMEs in Europe.

Chubb Easy Solutions reflects the company’s strategy to provide speedy and efficient service to SMEs, one of its core customer segments in the region.

The solution brings together legacy Chubb’s strong middle market and dedicated broker service expertise with legacy ACE’s experience and investment in innovative online platforms and tools.

Backed up by a dedicated underwriting team, it provides cover through a simplified underwriting process, enabling brokers to obtain quotes by telephone, via email or through Chubb’s bespoke web-based platform. Quotes are issued within 24 to 48 hours from when a request is received.

The proposition is currently available in France, Spain and Portugal and will be rolled out to other key European markets, including Germany, Italy and Benelux over the following months.

The product range available through Chubb Easy Solutions currently includes (D&O) liability, marine, construction, casualty, environmental liability, and business travel insurance, and the range will be expanded in future to include cyber risk cover and a series of industry-specific solutions.

Fabien Vaillant, SME segment leader and Chubb Easy Solutions manager for Continental Europe at Chubb, said: “With more than 22 million SMEs in the European Union, small and medium sized companies are a hugely important part of the European economy and account for more than two thirds of non-financial employment.

“However, in spite of their significance, these businesses are sometimes overlooked by insurers. At Chubb, we want to give European SMEs the same comprehensive insurance cover and high quality of service that bigger companies typically enjoy.”

He added: “Chubb Easy Solutions epitomises our strategy to give SMEs the value-added services they need and deserve in order to grow with confidence.”