UK-based specialist insurance business Beazley has rolled out its e-trading platform myBeazley in Asia Pacific region.
The launch will provide Hong Kong and Singapore-based brokers with access to Beazley’s management liability (ML) and cyber product suites.
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The service is already available to European brokers.
The ML suite protects private organisations and senior management, and includes directors and officers (D&O) liability. The offerings also include employment practices liability (EPL) and crime cover.
On the other hand, Beazley cyber product suite features information security and privacy insurance with coverage for data security and privacy exposures.
myBeazley covers businesses with turnover up to $250m through myBeazley if brokers ensure communication access to underwriter at any point in the process.
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By GlobalDataBeazley regional head of financial lines in Asia-Pacific Nicholas Tey said: “The launch of myBeazley in Asia Pacific is an exciting opportunity for us to help brokers control their management liability and cyber portfolio digitally.
“Our myBeazley platform simplifies the way brokers obtain a quotation using a statement of facts. In using the etrading platform, brokers can expect a timely automated renewal process and regular reports to help manage their portfolio.”
Last month, Beazley has launched a new suite of D&O cover for non-US domiciled clients.
The offering includes a single policy covering an organisation and its directors as well as multiple policies to suit specific requirements of individual employees.
