QBE North America is partnering with an MGA to offer specialized cover for architects, engineers and design businesses. A new company debuts with a platform designed to help insurers innovate with blockchain and other technologies more easily.
QBE North America will partner with AmWINS Program Underwriters (APU) to offer Errors and Omissions coverage for architects, engineers and design (A&E) businesses.
As part of the deal, APU’s A&E program will be distributed through both wholesale brokers and retail agents. This new program has several key coverage features including pre-claims assistance, crisis management, technology and no copyright/ trademark exclusion.
QBE is an integrated specialist insurer and an operating division of QBE Insurance Group Limited. APU is a managing general agency (MGA) with more than thirty years of experience delivering comprehensive insurance products and exceptional service. It is part of the Underwriting division of AmWINS Group, Inc., a global distributor of specialty insurance products and services.
OneWorld Instech has debuted. The Connecticut company said its core platform is designed to help insurers globally more simply innovate, implement and leverage advanced technologies like blockchain and the Internet of Things. Its platform supports core insurance processes and additional capabilities designed to address industry needs, according to the launch announcement.
OneWorld said the platform provides microservices that offer a number of capabilities including Bordereaux management, Speicalty Lines rating services such as Cyber and A&H and complete policy processing.
Stephen Francis, long-time insurance industry executive and former CEO and president of Dovetail Insurance Services, announced the company launch. He will lead as CEO, with co-founders Wendy Aarons-Corman as President Americas, Julian James as President EMEA, and Ethan Whitaker as Chief Innovation Officer.
Sources: QBE North America, OneWorld Instech