Risks evolve and it can be challenging for an insurance company to protect its customers against all the risks that keep executives up at night. Through Beazley Product Solutions, leading insurance companies can access tried and tested Beazley products to expand their product range.
Beazley is well known as a leading insurer of data breach risk, through our pioneering Beazley Breach Response (BBR) product. Less well known is the fact that thousands of small businesses in the US and around the world have access to the coverage and breach response services of BBR due to relationships forged through Beazley Product Solutions. Similarly, we can offer access to a wide array of innovative, specialist products to round our an insurer's product offering, helping the insurer compete more effectively in the global market.
How it works
Our formula is simple. We have become a market leader in delivering innovative solutions for our insurance company partners by:
- Designing customized solutions to meet insurers' needs and the needs of their policyholders.
- Supporting these products with award winning claim handling and risk management support.
- Backing our solutions by treaty reinsurance.
Addressing the growth challenge
Growth and differentiation in today's market are tough. And competitors are constantly looking for ways to lure away an insurer's best customers.
Beazley Product Solutions helps fend off competitive threats. Setting up the infrastructure to handle new coverages can be expensive and the rewards uncertain. But by collaborating with us to offer customers tried and tested specialist products, our insurance company clients can mitigate the risks of entering new lines of business.
Our comprehensive solutions include the policy form, rating plan, underwriting guidelines, filing and marketing support and reinsurance support. Current examples of our turnkey products include data breach coverage, employment practices liability insurance, and regulatory liability insurance for healthcare providers. New products developed by any of Beazley's five insurance divisions (specialty lines; property; political risks & contingency; and life, accident & health) may be suitable for the same approach.
Contact us to discuss your ideas and to find out more about how we can support you in being more competitive.
Beazley Product Solutions team
Underwriter -Embedded Marketing
Farmington, CT, USA
+1 860 674 4662Libby.Benet@beazley.com