Beazley has always understood the benefits of collaborating with likeminded partners where our combined expertise can bring value to clients. This collaborative mind-set is very much in evidence when creating delegated authority schemes with our coverholder partners.
- Insurance that matches specific needs
- Enduring partnerships
- Exceptional experience
- Expertise that you can depend on
A delegated authority scheme involves coverholders, under their own brand, underwriting on behalf of Beazley.
It allows a coverholder with a detailed knowledge of a particular market to be supported by Beazley resulting in products and service customised to the specific needs of customers groups. An example is our insurance for higher value homes and possessions which is available to coverholders on the Beazley Trade platform providing a fast and efficient way to service policies.
Many of our delegated authority relationships span two decades or more. We seek to develop long-term partnerships with coverholders that can demonstrate expertise in the risks they underwrite, an intimate understanding of their markets and have a shared philosophy of great products and service.
We have a proven track record of working with people who have a great idea and helping them through the process to become a coverholder and successful market launch.
With approaching 300 coverholder relationships worldwide, Beazley has exceptional experience of delegated authority schemes which we share with our coverholder partners.
We have teams focussed on supporting these schemes, this ranges from our market leading claims service and excellent operational support; to regulatory compliance and reporting. Of particular value is our policy wordings team which helps coverholder hone their products.
Almost all business areas within Beazley offer their expertise on a delegated authority basis which covers large and small business, our market leading cyber protection as well as some specialist personal insurances.
Our underwriters are experts in their respective fields and are equipped to make quick decisions without the need for referral. Through clear directions and open discussions our coverholders are empowered to do the same.
Find out more about our business lines that offer delegated authority schemes by emailing us at email@example.com or visiting our webpages.