Beazley launches e-trading platform myBeazley in Germany
Specialist insurer Beazley is launching its award-winning broker e-trading platform, myBeazley, in Germany.
The platform enables brokers in Germany to access Beazley’s specialist insurance products online, including management liability (ML), professional indemnity (PI) and cyber. Already popular with brokers in the UK and France, myBeazley was also recently launched in Spain.
Ulrich Schaller, Beazley’s international specialty lines manager for Germany, said: “We have applied Beazley’s expertise in ML, PI and cyber insurance to create simple, specialist products for businesses with a turnover of up to €350m that can be sold separately or as a package through brokers. With myBeazley, brokers can access our specialist products and quote and bind policies without the need to speak to an underwriter.”
The cyber cover is a service-led offering, which includes Beazley Breach Response (BBR). BBR is Beazley’s comprehensive cyber product, which gives insureds access to a range of breach risk management services designed to help an organisation prepare for, and respond quickly to, a data breach or cyber-attack. The BBR package offers access to legal, data protection, forensic IT and PR advice alongside financial protection (first and third party loss).
The management liability cover includes directors’ & officers’ (D&O) liability and crime insurance covers for commercial organisations. The package also includes website recovery – a technical support service that helps clients get their website up and running as quickly as possible if it suffers a denial of service attack.
All products on the myBeazley platform are underwritten by Beazley’s A-rated European insurance company, Beazley Insurance dac.