Berkshire Hathaway Specialty Insurance has expanded a key offering in New Zealand. EIS Group and employee benefits company Wellfleet are teaming on the development of a next-generation insurance administration platform.
Berkshire Hathaway Specialty Insurance Company has expanded its Executive & Professional Lines offerings in New Zealand through the introduction of Management Liability and Association Liability Insurance policies.
BHSI’s Management Liability policy is designed to address the wide range of claims private companies can face. Brokers and Insureds can customize coverage to include Directors & Officers Liability, General Liability, Statutory Liability, Employers Liability, Employment Practices Liability and/or Fidelity Insurance.
The Association Liability policy offers non-profit organizations similar flexibility and coverage tailored to their needs, with the addition of Professional Indemnity protection.
EIS Group, an insurance software company, is pairing with Wellfleet to built a next-generation insurance administration platform designed to meet the evolving demands of the employee benefits market.
Wellfleet is a Berkshire Hathaway-owned company focused on accident and health insurance.
In the complex voluntary benefits landscape, brokers and their clients commonly work with multiple systems, fighting to integrate with carriers’ patchworked legacy systems, the companies said. Wellfleet Workplace entered the voluntary market last year seeking to stand out, and it said a partnership with EIS Group helps drive this differentiation by jointly creating an open-architecture and cloud-based software system designed to support the full broker and customer lifecycle.,
EIS Group’s cloud-based platform supports broker and customer lifecycles from rating and quoting, policy issuance and administration, to billing and claims management. Multi-channel touchpoints are easily created and managed through EIS Group’s digital experience platform.
Sources: BHSI, EIS Group/Wellfleet