XL Catlin beefed up its online underwriting platform for design professional brokers with new bells and whistles. A W.R. Berkley Corp. unit has developed a new travel insurance policy and expanded into two states. Allied World said it has released an enhanced cyber liability insurance form.
Allied World Assurance Company Holdings has released an enhanced cyber liability insurance form.
The integrated end-to-end product is designed to mitigate cyber risk exposures with tailored coverage, pre-breach risk management services and turnkey breach services from incident response vendors. It provides Allied World’s U.S. cyber policyholders with access to robust coverage, including first- and third-party coverages, with optional coverage for professional and technology errors & omissions.
Among the new policy highlights: third-party liability cover with optional professional services liability and technology services liability coverage; incident response available in addition to the policy aggregate limit, subject to underwriting review; supplemental expense coverage and up to $25 million aggregate limit with no minimum premium.
Berkley One, a W.R. Berkley Corp. startup insurance provider, has expanded into Arizona and Colorado and launched a new travel insurance product to serve frequent travelers or those who pursue luxury trips.
Berkley One’s annual travel insurance product—for individuals or families—was developed in tandem with Berkley Accident and Health, another W.R. Berkley company (one that offers programs including business travel accident coverage for employers, membership groups and healthcare organizations).
The customizable policy offers high limits and wide-ranging protections for issues such as trip cancellation and interruption, emergency sickness or medical concerns, and baggage or trip delays, Berkley One President Kathleen Tierney said in prepared remarks.
Coverage is accompanied by strong service support, including access to non-insurance travel services such as medical and personal assistance services. First-class claims service from specialists in managing travel losses rounds out the travel insurance offering.
XL Catlin beefed up its online underwriting platform for design professional brokers with new capabilities and options.
The platform now offers capabilities for quick, single-point access to rate, bind and issue professional liability insurance coverage for architects, engineers and other design professionals.
The technology works on tablet and mobile formats to further assist in efficiencies for brokers. The system also integrates a digitalized application that allows a client to complete an online form, which uploads directly into the XL Catlin underwriting system.
According to Nicole Mangino, director of underwriting field operations, design professional firms can get quick turnaround on their quotes for errors & omission insurance and bind their protection almost instantly through the digital application process and XL’s network of brokers. There’s also access to specialized insurance coverage and endorsements for high-profile business exposures like cyber risk and employment practices liability.
Sources: Allied World Assurance Holdings, W.R. Berkley Corp. and XL Catlin