Liberty-backed Stand Underwriting launches
16 Could 2022
Stand Underwriting, backed by Liberty Particular Markets, has launched with Stability Sheet Safety (BSP) as its preliminary product.
The product brings collectively statutory, employment practices and organisation legal responsibility in addition to administrators’ and officers’ cowl.
The company is aiming at SMEs, with cowl accessible by way of brokers by means of a web based portal, developed by insurtech uBind, or conventional processes.
Growth Underwriter Scott Robertson says the portal gives a sooner turnaround in an space the place time-consuming processes are extra typically the norm.
“There will not be many statutory legal responsibility gamers the place you will get a quote on-line and bind on-line,” Mr Robertson tells insurance coverageNEWS.com.au. “BSP fills the gaps in a conservative market to supply brokers and their purchasers with a top quality product for a variety of occupations.”
Stand’s web site says it was based by insurance coverage business veteran Peter Apolakiatis. Community Insurance coverage Group in partnership with Steadfast are backing the enterprise.
Stand’s binder with Liberty Particular Markets is for companies with as much as $100 million turnover.
