British specialist insurer Beazley has announced to launch its new digital trading division. That brings two new division together underwriting, claims, technology and operational experts into a cross functional team to express digital access and services to a range of high-volume, low-premium products for the company’s broking partners.
Beazley Digital CEO Ian Fantozzi said:
“With technology playing an increasingly important role in facilitating insurance placement and portfolio management, we can now offer access to the digital distribution channels our broking partners want to use – portals, APIs, market hubs and email” which will be supported by human experience and interaction that our broker value so highly. “We are not looking to simply digitize legacy systems and continue traditional line-led underwriting. Instead, we have organized the team so that we can offer one Beazley point of contact to access multiple lines and digital services via a selection of digital channels.” said CEO.
Beazley Digital’s Core Objectives are:
- To share data and insights with brokers to improve portfolio management.
- To offer brokers access to the company’s products through the digital distribution channels.
- Ensuring Beazley’s digital traded products use consistent technology to offer automated services.
- Supporting digital transactions with easy access to Beazley’s experts.